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REGISTERED NUMBER: 13222330 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Utility Site Solutions Ltd

Utility Site Solutions Ltd (Registered number: 13222330)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Utility Site Solutions Ltd

Company Information
for the year ended 29 February 2024







DIRECTORS: G Jennings
Mrs R Jennings
M J Furey





REGISTERED OFFICE: Unit A&B
Churchlands Business Park
Harbury
Warwickshire
CV33 9GX





REGISTERED NUMBER: 13222330 (England and Wales)





ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN

Utility Site Solutions Ltd (Registered number: 13222330)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 979,371 139,106

CURRENT ASSETS
Debtors 5 1,042,347 981,815
Cash at bank and in hand 127,467 12,724
1,169,814 994,539
CREDITORS
Amounts falling due within one year 6 425,614 566,745
NET CURRENT ASSETS 744,200 427,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,723,571

566,900

CREDITORS
Amounts falling due after more than one
year

7

(700,100

)

(78,777

)

PROVISIONS FOR LIABILITIES (244,843 ) (34,777 )
NET ASSETS 778,628 453,346

Utility Site Solutions Ltd (Registered number: 13222330)

Balance Sheet - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 778,528 453,246
778,628 453,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by:





G Jennings - Director


Utility Site Solutions Ltd (Registered number: 13222330)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Utility Site Solutions Ltd 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 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 - 25% on reducing balance and 8% on cost

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

Utility Site Solutions Ltd (Registered number: 13222330)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 163,240
Additions 878,969
At 29 February 2024 1,042,209
DEPRECIATION
At 1 March 2023 24,134
Charge for year 38,704
At 29 February 2024 62,838
NET BOOK VALUE
At 29 February 2024 979,371
At 28 February 2023 139,106

Utility Site Solutions Ltd (Registered number: 13222330)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 March 2023 161,104
Additions 877,769
At 29 February 2024 1,038,873
DEPRECIATION
At 1 March 2023 23,199
Charge for year 38,279
At 29 February 2024 61,478
NET BOOK VALUE
At 29 February 2024 977,395
At 28 February 2023 137,905

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 374,575 484,955
Amounts owed from related
parties 598,150 486,860
Tax 69,622 -
Prepayments - 10,000
1,042,347 981,815

Utility Site Solutions Ltd (Registered number: 13222330)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 170,138 31,118
Trade creditors 70,854 50,113
Tax - 72,776
Social security and other taxes 18,607 28,076
Pension control 2,961 2,736
VAT 6,244 39,090
Other creditors 983 -
Directors' current accounts 19,112 9,795
Accrued expenses 136,715 333,041
425,614 566,745

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 700,100 78,777

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 870,238 109,895

The HP agreements are secured against the assets they finance and have a personal guarantee by the director.

9. RELATED PARTY DISCLOSURES

During the period the company had various transactions with Hire Safe Solutions Ltd, a company owned by a majority shareholding of Mr G Jennings. The balance due from Hire Safe Solutions Ltd at the period end was £598,150 (2022 £486,860).