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REGISTERED NUMBER: 11295930 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

UTILITY STREAM (USL) LIMITED

UTILITY STREAM (USL) LIMITED (REGISTERED NUMBER: 11295930)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UTILITY STREAM (USL) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr N Qayyum
Mr M Edwards
Mr P White





REGISTERED OFFICE: 1-2 Pegasus House
Pegasus Court
Warwick
Warwickshire
CV34 6LW





REGISTERED NUMBER: 11295930 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

UTILITY STREAM (USL) LIMITED (REGISTERED NUMBER: 11295930)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,415 25,283

CURRENT ASSETS
Debtors 5 1,377,964 1,390,143
Cash at bank 240,398 279,511
1,618,362 1,669,654
CREDITORS
Amounts falling due within one year 6 1,746,452 1,778,728
NET CURRENT LIABILITIES (128,090 ) (109,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(101,675

)

(83,791

)

CREDITORS
Amounts falling due after more than one
year

7

486,643

488,463
NET LIABILITIES (588,318 ) (572,254 )

CAPITAL AND RESERVES
Called up share capital 143 143
Share premium 224,957 224,957
Retained earnings (813,418 ) (797,354 )
SHAREHOLDERS' FUNDS (588,318 ) (572,254 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

UTILITY STREAM (USL) LIMITED (REGISTERED NUMBER: 11295930)

BALANCE SHEET - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:




Mr N Qayyum - Director



Mr P White - Director


UTILITY STREAM (USL) LIMITED (REGISTERED NUMBER: 11295930)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Utility Stream (USL) 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.
Short leasehold - 10% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% 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.

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.

Going concern
The financial statements have been prepared on the going concern basis. This basis is considered appropriate as the directors and shareholders have indicated that they will continue to provide financial support to the company as necessary for the foreseeable future.

UTILITY STREAM (USL) LIMITED (REGISTERED NUMBER: 11295930)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 21,818 15,839 10,924 48,581
Additions 1,666 1,544 8,329 11,539
At 31 December 2023 23,484 17,383 19,253 60,120
DEPRECIATION
At 1 January 2023 4,044 10,636 8,618 23,298
Charge for year 2,348 4,385 3,674 10,407
At 31 December 2023 6,392 15,021 12,292 33,705
NET BOOK VALUE
At 31 December 2023 17,092 2,362 6,961 26,415
At 31 December 2022 17,774 5,203 2,306 25,283

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 1,346,134 1,354,256
Other debtors 17,330 21,387
1,363,464 1,375,643

Amounts falling due after more than one year:
Other debtors 14,500 14,500

Aggregate amounts 1,377,964 1,390,143

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,818 4,240
Trade creditors 77,258 30,652
Taxation and social security 251,423 271,755
Other creditors 1,412,953 1,472,081
1,746,452 1,778,728

UTILITY STREAM (USL) LIMITED (REGISTERED NUMBER: 11295930)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 11,643 13,463
Other creditors 475,000 475,000
486,643 488,463

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 475,000 475,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 43,500 43,500
Between one and five years 174,000 174,000
In more than five years 116,000 159,500
333,500 377,000

9. ULTIMATE CONTROLLING PARTY

The Company is controlled by the Mr N Qayyum and Mr M Edwards.