IRIS Accounts Production v23.4.0.336 06246608 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062466082022-10-31062466082023-10-31062466082022-11-012023-10-31062466082021-10-31062466082021-11-012022-10-31062466082022-10-3106246608ns15:EnglandWales2022-11-012023-10-3106246608ns14:PoundSterling2022-11-012023-10-3106246608ns10:Director12022-11-012023-10-3106246608ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3106246608ns10:SmallEntities2022-11-012023-10-3106246608ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3106246608ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3106246608ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3106246608ns10:FullAccounts2022-11-012023-10-3106246608ns10:CompanySecretary12022-11-012023-10-3106246608ns10:RegisteredOffice2022-11-012023-10-3106246608ns5:CurrentFinancialInstruments2023-10-3106246608ns5:CurrentFinancialInstruments2022-10-3106246608ns5:Non-currentFinancialInstruments2023-10-3106246608ns5:Non-currentFinancialInstruments2022-10-3106246608ns5:ShareCapital2023-10-3106246608ns5:ShareCapital2022-10-3106246608ns5:RetainedEarningsAccumulatedLosses2023-10-3106246608ns5:RetainedEarningsAccumulatedLosses2022-10-3106246608ns5:PlantMachinery2022-11-012023-10-3106246608ns5:PlantMachinery2022-10-3106246608ns5:PlantMachinery2023-10-3106246608ns5:PlantMachinery2022-10-3106246608ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-10-3106246608ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-11-012023-10-3106246608ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3106246608ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-10-3106246608ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3106246608ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31062466081ns10:Director12022-10-31062466081ns10:Director12021-10-31062466081ns10:Director12022-11-012023-10-31062466081ns10:Director12021-11-012022-10-31062466081ns10:Director12023-10-31062466081ns10:Director12022-10-31
REGISTERED NUMBER: 06246608 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2023

for

UTILI-LIGHT LIMITED

UTILI-LIGHT LIMITED (REGISTERED NUMBER: 06246608)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UTILI-LIGHT LIMITED

Company Information
for the Year Ended 31st October 2023







DIRECTOR: J L Wright



SECRETARY: J L Wright



REGISTERED OFFICE: Unit 5
Riverside Industrial Park
Coneger Road
Eastleigh
Hampshire
SO50 6JQ



REGISTERED NUMBER: 06246608 (England and Wales)



ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ



BANKERS: Barclays
Portsmouth 2
Leicester
Leicestershire
LE87 2BB

UTILI-LIGHT LIMITED (REGISTERED NUMBER: 06246608)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,983 161,195

CURRENT ASSETS
Stocks 18,229 44,425
Debtors 5 565,257 506,485
Cash at bank 81,422 59,533
664,908 610,443
CREDITORS
Amounts falling due within one year 6 414,469 376,934
NET CURRENT ASSETS 250,439 233,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,422

394,704

CREDITORS
Amounts falling due after more than one
year

7

(151,696

)

(190,087

)

PROVISIONS FOR LIABILITIES (30,207 ) (30,627 )
NET ASSETS 227,519 173,990

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 227,419 173,890
SHAREHOLDERS' FUNDS 227,519 173,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

UTILI-LIGHT LIMITED (REGISTERED NUMBER: 06246608)

Balance Sheet - continued
31st October 2023


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 director and authorised for issue on 3rd March 2024 and were signed by:





J L Wright - Director


UTILI-LIGHT LIMITED (REGISTERED NUMBER: 06246608)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Utili-Light 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.

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 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.
Plant and machinery etc - 25% 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.

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.

UTILI-LIGHT LIMITED (REGISTERED NUMBER: 06246608)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

2. ACCOUNTING POLICIES - continued

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 31 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 374,204
Additions 58,777
At 31st October 2023 432,981
DEPRECIATION
At 1st November 2022 213,009
Charge for year 60,989
At 31st October 2023 273,998
NET BOOK VALUE
At 31st October 2023 158,983
At 31st October 2022 161,195

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st November 2022 177,510
Additions 54,444
At 31st October 2023 231,954
DEPRECIATION
At 1st November 2022 50,539
Charge for year 46,646
At 31st October 2023 97,185
NET BOOK VALUE
At 31st October 2023 134,769
At 31st October 2022 126,971

UTILI-LIGHT LIMITED (REGISTERED NUMBER: 06246608)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 565,257 503,394
Other debtors - 3,091
565,257 506,485

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 45,297 45,516
Trade creditors 179,737 218,085
Taxation and social security 155,435 103,333
Other creditors 24,000 -
414,469 376,934

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,833 25,833
Hire purchase contracts 63,212 61,603
Other creditors 72,651 102,651
151,696 190,087

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2023 and 31st October 2022:

2023 2022
£    £   
J L Wright
Balance outstanding at start of year 3,240 3,240
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,240 3,240

9. RELATED PARTY DISCLOSURES

At 31st October 2023 Utili-Light Limited owed Mr E M Broderick £31,911 (2022: £31,911) and Kells Holdings Limited £37,500 (2022: £37,500). Blaze Construction Limited was repaid £30,000 in the year.
These are companies in which Mr E M Broderick is a director and ultimate controlling party. All finance has been provided on an interest free basis and is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

In the directors' opinion the company is under the control of the equal shareholders Mr E M Broderick and Mr J L Wright.