USM U. SCHAERER SONS LIMITED

USM U. SCHAERER SONS LIMITED

USM U. SCHAERER SONS LIMITED - Company Information

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USM U. SCHAERER SONS LIMITED

Company Registration Number:
08971538 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

USM U. SCHAERER SONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

USM U. SCHAERER SONS LIMITED

Balance sheet

As at 31 December 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 81,956 96,002
Total fixed assets: 81,956 96,002
Current assets
Debtors:   340,672 371,138
Cash at bank and in hand: 674,486 317,036
Total current assets: 1,015,158 688,174
Creditors: amounts falling due within one year:   (1,973,778) (1,539,410)
Net current assets (liabilities): (958,620) (851,236)
Total assets less current liabilities: (876,664) (755,234)
Creditors: amounts falling due after more than one year: 4 (928,719) (880,511)
Total net assets (liabilities): (1,805,383) (1,635,745)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (1,805,384) (1,635,746)
Shareholders funds: (1,805,383) (1,635,745)

The notes form part of these financial statements

USM U. SCHAERER SONS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 March 2024
and signed on behalf of the board by:

Name: PMP Buisson
Status: Director

The notes form part of these financial statements

USM U. SCHAERER SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

USM U. SCHAERER SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 7 7

USM U. SCHAERER SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 268,136
Additions 6,578
At 31 December 2023 274,714
Depreciation
At 01 January 2023 172,134
Charge for year 20,624
At 31 December 2023 192,758
Net book value
At 31 December 2023 81,956
At 31 December 2022 96,002

USM U. SCHAERER SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due after more than one year note

The loan from parent company USM U. Schaerer Sohne AG is granted on an unsecured basis and granted for an initial period ending 31 December 2025