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REGISTERED NUMBER: 07171279 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

UTILITY360 LTD

UTILITY360 LTD (REGISTERED NUMBER: 07171279)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


UTILITY360 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Ms S Arnold
M Wood





REGISTERED OFFICE: Chadwick House
Birchwood Park
Birchwood
Warrington
Cheshire
WA3 6AE





REGISTERED NUMBER: 07171279 (England and Wales)





ACCOUNTANTS: Hunter Healey Limited
Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX

UTILITY360 LTD (REGISTERED NUMBER: 07171279)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,852 17,136
Tangible assets 5 475 -
Investments 6 100 100
13,427 17,236

CURRENT ASSETS
Debtors 7 37,690 47,628
Cash at bank 99,295 86,531
136,985 134,159
CREDITORS
Amounts falling due within one year 8 137,509 129,111
NET CURRENT (LIABILITIES)/ASSETS (524 ) 5,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,903

22,284

CREDITORS
Amounts falling due after more than one
year

9

12,335

21,667
NET ASSETS 568 617

UTILITY360 LTD (REGISTERED NUMBER: 07171279)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 468 517
SHAREHOLDERS' FUNDS 568 617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 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 1st August 2024 and were signed on its behalf by:





M Wood - Director


UTILITY360 LTD (REGISTERED NUMBER: 07171279)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Utility360 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise Costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

UTILITY360 LTD (REGISTERED NUMBER: 07171279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
Costs
£   
COST
At 1st April 2023
and 31st March 2024 21,420
AMORTISATION
At 1st April 2023 4,284
Amortisation for year 4,284
At 31st March 2024 8,568
NET BOOK VALUE
At 31st March 2024 12,852
At 31st March 2023 17,136

UTILITY360 LTD (REGISTERED NUMBER: 07171279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2023 329
Additions 713
At 31st March 2024 1,042
DEPRECIATION
At 1st April 2023 329
Charge for year 238
At 31st March 2024 567
NET BOOK VALUE
At 31st March 2024 475
At 31st March 2023 -

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023
and 31st March 2024 100
NET BOOK VALUE
At 31st March 2024 100
At 31st March 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 37,690 47,628

UTILITY360 LTD (REGISTERED NUMBER: 07171279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,104 10,000
Trade creditors - 156
Taxation and social security 36,954 43,252
Other creditors 90,451 75,703
137,509 129,111

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 12,335 21,667

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Ms S Arnold
Balance outstanding at start of year 33,285 19,500
Amounts advanced 1,426 13,785
Amounts repaid (11,400 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,311 33,285

Director Susan Arnold overdrawn loan account is still outstanding within nine months of the year end.