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REGISTERED NUMBER: 07109680 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

CITI UTILITIES LIMITED

CITI UTILITIES LIMITED (REGISTERED NUMBER: 07109680)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITI UTILITIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTORS: Mr R Preece
Miss J R Preece





SECRETARY: Mrs E Preece





REGISTERED OFFICE: Unit 15
Quedgeley Trading Estate East
Haresfield
Stonehouse
Gloucestershire
GL10 3EX





REGISTERED NUMBER: 07109680 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
Chartered Accountants
Malvern View Business Park
Stella Way
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 7DQ

CITI UTILITIES LIMITED (REGISTERED NUMBER: 07109680)

BALANCE SHEET
31 March 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 328,405 436,240

CURRENT ASSETS
Stocks 37,131 39,065
Debtors 5 259,274 208,991
Cash at bank 24,970 89,498
321,375 337,554
CREDITORS
Amounts falling due within one year 6 (353,829 ) (394,792 )
NET CURRENT LIABILITIES (32,454 ) (57,238 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,951

379,002

CREDITORS
Amounts falling due after more than one year 7 (137,501 ) (258,870 )

PROVISIONS FOR LIABILITIES 11 (32,067 ) (39,986 )
NET ASSETS 126,383 80,146

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 126,283 80,046
SHAREHOLDERS' FUNDS 126,383 80,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

CITI UTILITIES LIMITED (REGISTERED NUMBER: 07109680)

BALANCE SHEET - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 13 November 2018 and were signed on its behalf
by:





Mr R Preece - Director


CITI UTILITIES LIMITED (REGISTERED NUMBER: 07109680)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Citi Utilities Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The directors are of the opinion that there are no significant judgements or estimations used in preparing the
financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Temporary Building - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Tools & equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.


CITI UTILITIES LIMITED (REGISTERED NUMBER: 07109680)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic
financial instruments are initially recognised at transaction value and subsequently measured at their settlement
value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2017 - 22 ) .

CITI UTILITIES LIMITED (REGISTERED NUMBER: 07109680)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Temporary Plant and Tools &
Building machinery equipment
£    £    £   
COST
At 1 April 2017 122,955 451,607 43,362
Additions - 9,835 -
Disposals - (83,400 ) -
At 31 March 2018 122,955 378,042 43,362
DEPRECIATION
At 1 April 2017 57,600 263,585 33,079
Charge for year 13,071 32,457 2,056
Eliminated on disposal - (47,829 ) -
At 31 March 2018 70,671 248,213 35,135
NET BOOK VALUE
At 31 March 2018 52,284 129,829 8,227
At 31 March 2017 65,355 188,022 10,283

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2017 337,978 6,522 962,424
Additions - - 9,835
Disposals - - (83,400 )
At 31 March 2018 337,978 6,522 888,859
DEPRECIATION
At 1 April 2017 167,681 4,239 526,184
Charge for year 34,059 456 82,099
Eliminated on disposal - - (47,829 )
At 31 March 2018 201,740 4,695 560,454
NET BOOK VALUE
At 31 March 2018 136,238 1,827 328,405
At 31 March 2017 170,297 2,283 436,240

CITI UTILITIES LIMITED (REGISTERED NUMBER: 07109680)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2017
and 31 March 2018 89,960 163,509 253,469
DEPRECIATION
At 1 April 2017 11,864 56,463 68,327
Charge for year - 21,409 21,409
At 31 March 2018 11,864 77,872 89,736
NET BOOK VALUE
At 31 March 2018 78,096 85,637 163,733
At 31 March 2017 78,096 107,046 185,142

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 41,203 52,867
Other debtors 218,071 156,124
259,274 208,991

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts (see note 8) 84,293 84,698
Hire purchase contracts (see note 9) 44,226 71,183
Trade creditors 92,080 156,682
Tax 38,282 29,949
Social security and other taxes 71,024 47,954
Other creditors 13,839 -
Accrued expenses 10,085 4,326
353,829 394,792

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans (see note 8) 112,609 189,765
Hire purchase contracts (see note 9) 24,892 69,105
137,501 258,870

CITI UTILITIES LIMITED (REGISTERED NUMBER: 07109680)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

8. LOANS

An analysis of the maturity of loans is given below:

2018 2017
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 5,998 -
Bank loans 78,295 84,698
84,293 84,698

Amounts falling due between two and five years:
Bank loans - 2-5 years 112,609 189,765

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2018 2017
£    £   
Net obligations repayable:
Within one year 44,226 71,183
Between one and five years 24,892 69,105
69,118 140,288

Non-cancellable
operating leases
2018 2017
£    £   
Within one year 20,714 20,714
Between one and five years 20,714 41,427
41,428 62,141

10. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loan 93,441 105,941

National Westminster Bank plc hold a fixed and floating charge (floating charge covers all the property
or undertaking of the company).

CITI UTILITIES LIMITED (REGISTERED NUMBER: 07109680)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

11. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 32,067 39,986

Deferred
tax
£   
Balance at 1 April 2017 39,986
Provided during year (7,919 )
Balance at 31 March 2018 32,067

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Preece.

The ultimate controlling party is Mr R Preece.