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REGISTERED NUMBER: 07260489 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 May 2024

for

Complete Utility Solutions Limited

Complete Utility Solutions Limited (Registered number: 07260489)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Complete Utility Solutions Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S J Ramsden
C Grieve
L H Clarke





REGISTERED OFFICE: Cotswold House
Clifford Lister Business Centre
Bawtry Road
Rotherham
South Yorkshire
S66 2BL





REGISTERED NUMBER: 07260489 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Complete Utility Solutions Limited (Registered number: 07260489)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,180 5,612

CURRENT ASSETS
Stocks 5 186,788 50,000
Debtors 6 396,172 226,314
Cash at bank and in hand 242,730 391,801
825,690 668,115
CREDITORS
Amounts falling due within one year 7 257,998 208,876
NET CURRENT ASSETS 567,692 459,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,872

464,851

CREDITORS
Amounts falling due after more than one
year

8

(497,668

)

(409,417

)

PROVISIONS FOR LIABILITIES 9 (1,295 ) (1,403 )
NET ASSETS 73,909 54,031

CAPITAL AND RESERVES
Called up share capital 233 233
Other reserves (112,657 ) (112,657 )
Retained earnings 186,333 166,455
73,909 54,031

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

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

Complete Utility Solutions Limited (Registered number: 07260489)

Balance Sheet - continued
31 May 2024


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 18 October 2024 and were signed on its behalf by:




S J Ramsden - Director C Grieve - Director




L H Clarke - Director


Complete Utility Solutions Limited (Registered number: 07260489)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Complete Utility Solutions 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks / work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is calculated at 65% of projected contract profit including projected asset values when the contract is signed to recognise the value of intellectual property, planning and resources expended to secure the contract.

Costs incurred on contracts not secured are written off directly through the income statement.

Further income is recognised periodically through the contract contract on a project contract profit basis once the 65% initial recognition has been exceeded.

Losses on contracts or revisions to the projected contract profit including projected asset values of below 65% are recognised immediately.

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.


Complete Utility Solutions Limited (Registered number: 07260489)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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
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 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 1,100 11,525 26,372 18,208 57,205
Additions - - - 1,288 1,288
At 31 May 2024 1,100 11,525 26,372 19,496 58,493
DEPRECIATION
At 1 June 2023 1,100 9,270 23,015 18,208 51,593
Charge for year - 451 840 429 1,720
At 31 May 2024 1,100 9,721 23,855 18,637 53,313
NET BOOK VALUE
At 31 May 2024 - 1,804 2,517 859 5,180
At 31 May 2023 - 2,255 3,357 - 5,612

5. STOCKS
2024 2023
£    £   
Stocks 186,788 50,000

Complete Utility Solutions Limited (Registered number: 07260489)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 168,000 -
Other debtors 8,119 8,348
S455 tax recoverable 53,548 53,548
Directors' current accounts 160,215 160,215
Prepayments 6,290 4,203
396,172 226,314

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 102,697 51,667
Trade creditors 13,545 25,821
Tax 110,014 104,818
Social security and other taxes 4,378 5,448
VAT 23,964 17,722
Accrued expenses 3,400 3,400
257,998 208,876

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 319,168 165,417
PAYE agreement 178,500 244,000
497,668 409,417

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,295 1,403

Deferred
tax
£   
Balance at 1 June 2023 1,403
Provided during year (108 )
Balance at 31 May 2024 1,295