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REGISTERED NUMBER: 05511112 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

STATS UTILITY CONNECTIONS LIMITED

STATS UTILITY CONNECTIONS LIMITED (REGISTERED NUMBER: 05511112)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STATS UTILITY CONNECTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: M J Painton





SECRETARY: H C Painton





REGISTERED OFFICE: Tremichele
Housel Bay
The Lizard
Helston
Cornwall
TR12 7PG





REGISTERED NUMBER: 05511112 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

STATS UTILITY CONNECTIONS LIMITED (REGISTERED NUMBER: 05511112)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,051 93,304

CURRENT ASSETS
Stocks 235,543 296,616
Debtors 5 578,631 752,093
Cash at bank 413,312 1,032,711
1,227,486 2,081,420
CREDITORS
Amounts falling due within one year 6 568,738 1,577,335
NET CURRENT ASSETS 658,748 504,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

724,799

597,389

CREDITORS
Amounts falling due after more than one
year

7

(18,711

)

(30,030

)

PROVISIONS FOR LIABILITIES (16,513 ) -
NET ASSETS 689,575 567,359

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 689,565 567,349
689,575 567,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STATS UTILITY CONNECTIONS LIMITED (REGISTERED NUMBER: 05511112)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 14 January 2025 and were signed by:





M J Painton - Director


STATS UTILITY CONNECTIONS LIMITED (REGISTERED NUMBER: 05511112)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Stats Utility Connections 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 received for the provision of services and is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 30% on reducing balance

Stocks
Stock comprises of work in progress which is based on a stage of completion basis, and represents the amounts of work that have not yet been billed to customers as at the balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

STATS UTILITY CONNECTIONS LIMITED (REGISTERED NUMBER: 05511112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 161,398
Additions 1,056
At 30 June 2024 162,454
DEPRECIATION
At 1 July 2023 68,094
Charge for year 28,309
At 30 June 2024 96,403
NET BOOK VALUE
At 30 June 2024 66,051
At 30 June 2023 93,304

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 344,128 496,353
Other debtors 234,503 255,740
578,631 752,093

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,543 -
Hire purchase contracts 10,206 9,304
Trade creditors 435,091 1,503,865
Taxation and social security 118,985 60,058
Other creditors 2,913 4,108
568,738 1,577,335

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 18,711 30,030

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 28,917 39,334

STATS UTILITY CONNECTIONS LIMITED (REGISTERED NUMBER: 05511112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in debtors is an amount of £156,951 (2023: £203,256) owed to the Company by the directors.

Interest is charged at a rate of 2.25%.