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REGISTERED NUMBER: 07102961 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

CONLEY UTILITIES LIMITED

CONLEY UTILITIES LIMITED (REGISTERED NUMBER: 07102961)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

CONLEY UTILITIES LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: Mr P P Conway
Mr S M Buckley



REGISTERED OFFICE: 9-11 Stratford Road
Shirley
Solihull
West Midlands
B90 3LU



REGISTERED NUMBER: 07102961 (England and Wales)



ACCOUNTANTS: Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
West Midlands
B90 3LU



BANKERS: Lloyds Bank plc
355 Stratford Road
Shirley
Solihull
West Midlands
B90 3BR

CONLEY UTILITIES LIMITED (REGISTERED NUMBER: 07102961)

Balance Sheet
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 407,751 327,611

CURRENT ASSETS
Stocks 1,500 1,000
Debtors 5 1,279,872 813,063
Cash at bank 1,247,446 1,253,275
2,528,818 2,067,338
CREDITORS
Amounts falling due within one year 6 1,842,075 1,629,661
NET CURRENT ASSETS 686,743 437,677
TOTAL ASSETS LESS CURRENT LIABILITIES 1,094,494 765,288

PROVISIONS FOR LIABILITIES 7 77,473 62,246
NET ASSETS 1,017,021 703,042

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,017,019 703,040
SHAREHOLDERS' FUNDS 1,017,021 703,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

CONLEY UTILITIES LIMITED (REGISTERED NUMBER: 07102961)

Balance Sheet - continued
31 DECEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





Mr P P Conway - Director


CONLEY UTILITIES LIMITED (REGISTERED NUMBER: 07102961)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

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

Turnover
Turnover represents net sales of goods and services provided in the accounting period, including amounts recoverable on contracts and excluding value added tax.

Amounts recoverable on contracts are services provided by the end of the accounting period but not invoiced at that time. They are calculated at sales values and shown on the Balance Sheet as part of debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost and 20% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CONLEY UTILITIES LIMITED (REGISTERED NUMBER: 07102961)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 12 ) .

CONLEY UTILITIES LIMITED (REGISTERED NUMBER: 07102961)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 145,889 43,480 703,808 35,823 929,000
Additions 1,312 9,958 212,400 3,006 226,676
Disposals - - (7,990 ) - (7,990 )
At 31 December 2022 147,201 53,438 908,218 38,829 1,147,686
DEPRECIATION
At 1 January 2022 114,053 16,672 460,444 10,220 601,389
Charge for year 14,915 4,933 111,010 7,688 138,546
At 31 December 2022 128,968 21,605 571,454 17,908 739,935
NET BOOK VALUE
At 31 December 2022 18,233 31,833 336,764 20,921 407,751
At 31 December 2021 31,836 26,808 243,364 25,603 327,611

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 119,979 297,953
Amounts recoverable on contracts 473,254 507,768
Other debtors 686,639 7,342
1,279,872 813,063

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 131,394 352,400
Taxation and social security 310,355 345,438
Other creditors 1,400,326 931,823
1,842,075 1,629,661

CONLEY UTILITIES LIMITED (REGISTERED NUMBER: 07102961)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

7. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital allowances 77,473 (13,557 )
Tax losses carried forward - 75,803
77,473 62,246

Deferred
tax
£   
Balance at 1 January 2022 62,246
Charge to Statement of Income and Retained Earnings during year 15,227
Balance at 31 December 2022 77,473

8. RELATED PARTY DISCLOSURES

As shareholders of the company, the directors and members of their families received dividends from the company during the accounting period totalling £950,000 (2021 - £1,00,000).

The directors of the company have loaned the company money which is interest free and repayable on demand. At the end of the year the outstanding amounts totalled £24,750 (2021 - £493).






Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Conley Utilities Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Conley Utilities Limited for the year ended 31 December 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Conley Utilities Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Conley Utilities Limited and state those matters that we have agreed to state to the Board of Directors of Conley Utilities Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Conley Utilities Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Conley Utilities Limited. You consider that Conley Utilities Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Conley Utilities Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
West Midlands
B90 3LU


Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Conley Utilities Limited


29 September 2023