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REGISTERED NUMBER: 05056144 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Utilities Connections Management Limited

Utilities Connections Management Limited (Registered number: 05056144)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Utilities Connections Management Limited (Registered number: 05056144)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,711 35,377

CURRENT ASSETS
Debtors 5 100,667 157,840
Cash at bank 170,159 144,424
270,826 302,264
CREDITORS
Amounts falling due within one year 6 216,447 215,671
NET CURRENT ASSETS 54,379 86,593
TOTAL ASSETS LESS CURRENT LIABILITIES 80,090 121,970

CREDITORS
Amounts falling due after more than one year 7 (43,333 ) (83,333 )

PROVISIONS FOR LIABILITIES (6,428 ) (8,481 )
NET ASSETS 30,329 30,156

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,229 30,056
SHAREHOLDERS' FUNDS 30,329 30,156

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.

Utilities Connections Management Limited (Registered number: 05056144)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:




A E Lloyd - Director Mrs D G Lloyd - Director




Mrs K H Cooke - Director N Cooke - Director


Utilities Connections Management Limited (Registered number: 05056144)

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

1. STATUTORY INFORMATION

Utilities Connections Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05056144

Registered office: 2 Chester Way
Bangor on Dee
Wrexham
LL13 0JQ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture and equipment - 20% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Utilities Connections Management Limited (Registered number: 05056144)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Office
furniture
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 27,941 43,876 84,299 156,116
Additions - - 830 830
At 31 May 2024 27,941 43,876 85,129 156,946
DEPRECIATION
At 1 June 2023 21,422 33,750 65,567 120,739
Charge for year 1,017 2,532 6,947 10,496
At 31 May 2024 22,439 36,282 72,514 131,235
NET BOOK VALUE
At 31 May 2024 5,502 7,594 12,615 25,711
At 31 May 2023 6,519 10,126 18,732 35,377

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 95,831 132,943
Amounts owed by group undertakings - 5,887
Other debtors 4,836 19,010
100,667 157,840

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,000 40,000
Trade creditors 11,595 10,110
Amounts owed to group undertakings 26,502 -
Taxation and social security 102,133 133,275
Other creditors 36,217 32,286
216,447 215,671

Utilities Connections Management Limited (Registered number: 05056144)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 43,333 83,333

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 83,333 123,333

The bank loan is secured by fixed and floating charge over the assets of the company, and also joint and several personal guarantee from all directors totalling £25,000.

9. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £14,680 (2023 - £55,732). This financial commitment represents the total amount of payments remaining on operating leases.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Border Group Holdings Ltd. All correspondence can be sent to the registered office: 2 Chester Way, Bangor On Dee, Wrexham, Clwyd, United Kingdom, LL13 0JQ.