IRIS Accounts Production v25.1.0.734 06246608 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062466082023-10-31062466082024-10-31062466082023-11-012024-10-31062466082022-10-31062466082022-11-012023-10-31062466082023-10-3106246608ns15:EnglandWales2023-11-012024-10-3106246608ns14:PoundSterling2023-11-012024-10-3106246608ns10:Director12023-11-012024-10-3106246608ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3106246608ns10:SmallEntities2023-11-012024-10-3106246608ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3106246608ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3106246608ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3106246608ns10:FullAccounts2023-11-012024-10-3106246608ns10:Director22023-11-012024-10-3106246608ns10:CompanySecretary12023-11-012024-10-3106246608ns10:RegisteredOffice2023-11-012024-10-3106246608ns5:CurrentFinancialInstruments2024-10-3106246608ns5:CurrentFinancialInstruments2023-10-3106246608ns5:Non-currentFinancialInstruments2024-10-3106246608ns5:Non-currentFinancialInstruments2023-10-3106246608ns5:ShareCapital2024-10-3106246608ns5:ShareCapital2023-10-3106246608ns5:RetainedEarningsAccumulatedLosses2024-10-3106246608ns5:RetainedEarningsAccumulatedLosses2023-10-3106246608ns5:PlantMachinery2023-11-012024-10-3106246608ns5:PlantMachinery2023-10-3106246608ns5:PlantMachinery2024-10-3106246608ns5:PlantMachinery2023-10-3106246608ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3106246608ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3106246608ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-10-3106246608ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3106246608ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3106246608ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31062466081ns10:Director12023-10-31062466081ns10:Director12022-10-31062466081ns10:Director12023-11-012024-10-31062466081ns10:Director12022-11-012023-10-31062466081ns10:Director12024-10-31062466081ns10:Director12023-10-31
REGISTERED NUMBER: 06246608 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2024

for

UTILI-LIGHT LIMITED

UTILI-LIGHT LIMITED (REGISTERED NUMBER: 06246608)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UTILI-LIGHT LIMITED

Company Information
for the Year Ended 31st October 2024







DIRECTORS: J L Wright
Mrs M L Gates



SECRETARY: J L Wright



REGISTERED OFFICE: 93 Leigh Road
Eastleigh
Hampshire
SO50 9DQ



REGISTERED NUMBER: 06246608 (England and Wales)



ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ



BANKERS: Barclays
Portsmouth 2
Leicester
Leicestershire
LE87 2BB

UTILI-LIGHT LIMITED (REGISTERED NUMBER: 06246608)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 231,042 158,983

CURRENT ASSETS
Stocks 10,072 18,229
Debtors 5 931,063 565,257
Cash at bank 98,040 81,422
1,039,175 664,908
CREDITORS
Amounts falling due within one year 6 751,793 414,469
NET CURRENT ASSETS 287,382 250,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

518,424

409,422

CREDITORS
Amounts falling due after more than one
year

7

(176,755

)

(151,696

)

PROVISIONS FOR LIABILITIES (57,761 ) (30,207 )
NET ASSETS 283,908 227,519

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 283,808 227,419
SHAREHOLDERS' FUNDS 283,908 227,519

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

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

UTILI-LIGHT LIMITED (REGISTERED NUMBER: 06246608)

Balance Sheet - continued
31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th May 2025 and were signed on its behalf by:





J L Wright - Director


UTILI-LIGHT LIMITED (REGISTERED NUMBER: 06246608)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Utili-Light 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

UTILI-LIGHT LIMITED (REGISTERED NUMBER: 06246608)

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

2. ACCOUNTING POLICIES - continued

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 44 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2023 432,981
Additions 166,316
At 31st October 2024 599,297
DEPRECIATION
At 1st November 2023 273,998
Charge for year 94,257
At 31st October 2024 368,255
NET BOOK VALUE
At 31st October 2024 231,042
At 31st October 2023 158,983

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st November 2023 231,954
Additions 136,675
Transfer to ownership (74,350 )
At 31st October 2024 294,279
DEPRECIATION
At 1st November 2023 97,185
Charge for year 57,678
Transfer to ownership (45,586 )
At 31st October 2024 109,277
NET BOOK VALUE
At 31st October 2024 185,002
At 31st October 2023 134,769

UTILI-LIGHT LIMITED (REGISTERED NUMBER: 06246608)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 931,063 565,257

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 68,450 45,297
Trade creditors 371,829 179,737
Taxation and social security 139,967 155,435
Other creditors 161,547 24,000
751,793 414,469

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,833 15,833
Hire purchase contracts 98,271 63,212
Other creditors 72,651 72,651
176,755 151,696

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2024 and 31st October 2023:

2024 2023
£    £   
J L Wright
Balance outstanding at start of year 3,240 3,240
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,240 3,240

9. RELATED PARTY DISCLOSURES

At 31st October 2024 Utili-Light Limited owed Mr E M Broderick £31,911 (2023: £31,911) and Kells Holdings Limited £37,500 (2023: £37,500).

This is a company in which Mr E M Broderick is a director and ultimate controlling party. All finance has been provided on an interest free basis and is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

In the directors' opinion the company is under the control of the equal shareholders Mr E M Broderick and Mr J L Wright.