CULLEN UTILITIES LIMITED

Company Registration Number:
10710354 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

CULLEN UTILITIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

CULLEN UTILITIES LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 507,562 377,149
Total fixed assets: 507,562 377,149
Current assets
Debtors:   558,746 656,728
Cash at bank and in hand: 7,721 128,541
Total current assets: 566,467 785,269
Creditors: amounts falling due within one year:   (317,248) (277,815)
Net current assets (liabilities): 249,219 507,454
Total assets less current liabilities: 756,781 884,603
Creditors: amounts falling due after more than one year:   (48,294) (49,422)
Provision for liabilities: (111,664) (82,973)
Total net assets (liabilities): 596,823 752,208
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 596,822 752,207
Shareholders funds: 596,823 752,208

The notes form part of these financial statements

CULLEN UTILITIES LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 October 2024
and signed on behalf of the board by:

Name: Mr R Cullen
Status: Director

The notes form part of these financial statements

CULLEN UTILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis Plant and equipment 25% on cost Fixtures and fittings 25% on cost Motor vehicles 25% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss

CULLEN UTILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 4 4

CULLEN UTILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 547,766
Additions 270,477
Disposals (16,800)
At 30 April 2024 801,443
Depreciation
At 01 May 2023 170,617
Charge for year 138,108
On disposals (14,844)
At 30 April 2024 293,881
Net book value
At 30 April 2024 507,562
At 30 April 2023 377,149