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REGISTERED NUMBER: SC578572 (Scotland)





















Unaudited Financial Statements

For The Year Ended 30 September 2024

for

U Save Utility Contracts Limited

U Save Utility Contracts Limited (Registered number: SC578572)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

U Save Utility Contracts Limited

Company Information
For The Year Ended 30 September 2024







DIRECTORS: M V Hale
A Hale
W McFadyen





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC578572 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

U Save Utility Contracts Limited (Registered number: SC578572)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,532 34,313

CURRENT ASSETS
Debtors 5 5,003,850 2,399,175
Cash at bank 738,029 688,693
5,741,879 3,087,868
CREDITORS
Amounts falling due within one year 6 2,498,007 1,260,911
NET CURRENT ASSETS 3,243,872 1,826,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,277,404

1,861,270

CREDITORS
Amounts falling due after more than one
year

7

(2,781,562

)

(1,468,799

)

PROVISIONS FOR LIABILITIES 8 (73,855 ) (48,142 )
NET ASSETS 421,987 344,329

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 421,887 344,229
421,987 344,329

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

U Save Utility Contracts Limited (Registered number: SC578572)

Balance Sheet - continued
30 September 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 7 February 2025 and were signed on its behalf by:





M V Hale - Director


U Save Utility Contracts Limited (Registered number: SC578572)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

U Save Utility Contracts Limited is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.


U Save Utility Contracts Limited (Registered number: SC578572)

Notes to the Financial Statements - continued
For The Year Ended 30 September 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.

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 14 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 9,448 33,980 34,996 78,424
Additions 11,401 - 1,009 12,410
At 30 September 2024 20,849 33,980 36,005 90,834
DEPRECIATION
At 1 October 2023 4,798 9,151 30,162 44,111
Charge for year 3,819 6,207 3,165 13,191
At 30 September 2024 8,617 15,358 33,327 57,302
NET BOOK VALUE
At 30 September 2024 12,232 18,622 2,678 33,532
At 30 September 2023 4,650 24,829 4,834 34,313

5. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Trade debtors 54,490 42,087
Other debtors 2,167,798 888,289
2,222,288 930,376

U Save Utility Contracts Limited (Registered number: SC578572)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

5. DEBTORS - continued
30.9.24 30.9.23
£    £   
Amounts falling due after more than one year:
Other debtors 2,781,562 1,468,799

Aggregate amounts 5,003,850 2,399,175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 186,676 123,198
Other creditors 2,311,331 1,137,713
2,498,007 1,260,911

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other creditors 2,781,562 1,468,799

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 73,855 48,142

Deferred
tax
£   
Balance at 1 October 2023 48,142
Provided during year 25,713
Movement in the year
Balance at 30 September 2024 73,855

9. RELATED PARTY DISCLOSURES

U Save Utility Contracts is owed A P Hale Enterprises Ltd £94,519 as at 30/09/2024. The companies are associated.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
U Save Utility Contracts Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of U Save Utility Contracts Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of U Save Utility Contracts Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of U Save Utility Contracts Limited and state those matters that we have agreed to state to the Board of Directors of U Save Utility Contracts Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that U Save Utility Contracts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of U Save Utility Contracts Limited. You consider that U Save Utility Contracts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of U Save Utility Contracts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


7 February 2025