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REGISTERED NUMBER: 10954523 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2024

FOR

UTILIKO LIMITED

UTILIKO LIMITED (REGISTERED NUMBER: 10954523)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


UTILIKO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 SEPTEMBER 2024







DIRECTORS: Mr D R Laisby
Mr J A Roberts



SECRETARY: Mrs K Laisby



REGISTERED OFFICE: Sowerby Woods Business Park
Bouthwood Road
Barrow-in-Furness
Cumbria
LA14 4RD



REGISTERED NUMBER: 10954523 (England and Wales)



BANKERS: National Westminster Bank plc
113 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1WY

UTILIKO LIMITED (REGISTERED NUMBER: 10954523)

ABRIDGED BALANCE SHEET
29 SEPTEMBER 2024

29.9.24 29.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 856,334 770,784

CURRENT ASSETS
Debtors 734,022 575,996
Cash at bank 29,661 106,274
763,683 682,270
CREDITORS
Amounts falling due within one year 655,347 571,116
NET CURRENT ASSETS 108,336 111,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

964,670

881,938

CREDITORS
Amounts falling due after more than one
year

435,734

452,605
NET ASSETS 528,936 429,333

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 528,836 429,233
SHAREHOLDERS' FUNDS 528,936 429,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

UTILIKO LIMITED (REGISTERED NUMBER: 10954523)

ABRIDGED BALANCE SHEET - continued
29 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 April 2025 and were signed on its behalf by:





Mr J A Roberts - Director


UTILIKO LIMITED (REGISTERED NUMBER: 10954523)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024

1. STATUTORY INFORMATION

Utiliko 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.

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 represents net invoiced sales of services, excluding VAT.

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

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 30 (2023 - 29 ) .

UTILIKO LIMITED (REGISTERED NUMBER: 10954523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 September 2023 1,090,955
Additions 276,926
Disposals (20,000 )
At 29 September 2024 1,347,881
DEPRECIATION
At 30 September 2023 320,171
Charge for year 178,576
Eliminated on disposal (7,200 )
At 29 September 2024 491,547
NET BOOK VALUE
At 29 September 2024 856,334
At 29 September 2023 770,784

The net book value of tangible fixed assets includes £719,901 (2023: £667,341) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £144,246 (2023: £116,703) for the financial year.

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
29.9.24 29.9.23
£    £   
Net obligations repayable:
Within one year 221,294 180,939
Between one and five years 428,699 435,230
649,993 616,169

Non-cancellable operating leases
29.9.24 29.9.23
£    £   
Within one year 63,683 -
Between one and five years 233,021 -
In more than five years 160,000 -
456,704 -

UTILIKO LIMITED (REGISTERED NUMBER: 10954523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

29.9.24 29.9.23
£    £   
Hire purchase contracts 649,993 616,169
Bounce back loan 17,375 27,460
Other loan 100,000 -
767,368 643,629

The directors have each provided a personal guarantee against the other loan of £100,000 above.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.9.24 29.9.23
value: £    £   
100 Ordinary A £1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 September 2024 and 29 September 2023:

29.9.24 29.9.23
£    £   
Mr D R Laisby
Balance outstanding at start of year 26,397 -
Amounts advanced 43,889 26,397
Amounts repaid (26,397 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,889 26,397

Mr J A Roberts
Balance outstanding at start of year 26,397 -
Amounts advanced 43,889 26,397
Amounts repaid (26,397 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,889 26,397

During the financial period interest of £1,564 (2023: £Nil) has been charged on the average balance at 2.25%.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Laisby & Mr J Roberts.