Company registration number SC152612 (Scotland)
GREEN SPARK UTILITY SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
GREEN SPARK UTILITY SERVICES LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 9
GREEN SPARK UTILITY SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
5
608,489
700,789
Current assets
Trade and other receivables
6
628,628
404,048
Cash and cash equivalents
75,147
6,003
703,775
410,051
Current liabilities
7
(1,615,942)
(1,193,241)
Net current liabilities
(912,167)
(783,190)
Total assets less current liabilities
(303,678)
(82,401)
Non-current liabilities
8
(313,456)
(553,225)
Net liabilities
(617,134)
(635,626)
Equity
Called up share capital
10
25,530
25,530
Share premium account
430,000
430,000
Capital redemption reserve
4,470
4,470
Retained earnings
(1,077,134)
(1,095,626)
Total equity
(617,134)
(635,626)

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 June 2025 and are signed on its behalf by:
P W Flanagan
Director
Company registration number SC152612 (Scotland)
GREEN SPARK UTILITY SERVICES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Share capital
Share premium account
Capital redemption reserve
Retained earnings
Total
£
£
£
£
£
Balance at 1 April 2023
25,530
430,000
4,470
(729,958)
(269,958)
Year ended 31 March 2024:
Loss and total comprehensive income
-
-
-
(365,668)
(365,668)
Balance at 31 March 2024
25,530
430,000
4,470
(1,095,626)
(635,626)
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
-
18,492
18,492
Balance at 31 March 2025
25,530
430,000
4,470
(1,077,134)
(617,134)
GREEN SPARK UTILITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Green Spark Utility Services Limited is a private company limited by shares incorporated in Scotland. The registered office is 14 City Quay, Camperdown Street, Dundee, Scotland, DD1 3JA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors have considered the company's cash position, making appropriate enquiries and reviewing forecasts of future trading levels and cashflows for the period to 31 March 2028 and believe it is appropriate to prepare the accounts on a going concern basis.true

1.3
Revenue

Revenue is generated from the sale of drainage services.

 

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

GREEN SPARK UTILITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
1.5-6 years straight line
Fixtures and fittings
18 months straight line
Motor vehicles
4-8 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

GREEN SPARK UTILITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

GREEN SPARK UTILITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.12
Retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

 

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

1.13

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Useful economic life of assets

The directors have used their judgement in determining the useful economic lives of the company's assets.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
26
15
GREEN SPARK UTILITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
4
Intangible fixed assets
Software
£
Cost
At 1 April 2024 and 31 March 2025
126,951
Amortisation and impairment
At 1 April 2024 and 31 March 2025
126,951
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
5
Property, plant and equipment
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
424,708
43,662
1,068,814
1,537,184
Additions
3,832
1,009
19,999
24,840
At 31 March 2025
428,540
44,671
1,088,813
1,562,024
Depreciation and impairment
At 1 April 2024
419,902
41,417
375,076
836,395
Depreciation charged in the year
5,822
2,541
108,777
117,140
At 31 March 2025
425,724
43,958
483,853
953,535
Carrying amount
At 31 March 2025
2,816
713
604,960
608,489
At 31 March 2024
4,806
2,245
693,738
700,789
6
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
428,562
214,042
Prepayments and accrued income
200,066
190,006
628,628
404,048
GREEN SPARK UTILITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
7
Current liabilities
2025
2024
£
£
Bank loans
68,381
66,816
Obligations under finance leases
163,888
172,945
Trade payables
136,937
186,417
Amounts owed to group undertakings
681,401
401,959
Taxation and social security
193,895
159,950
Other payables
357,509
179,154
Accruals and deferred income
13,931
26,000
1,615,942
1,193,241

Obligations under finance leases and hire purchase contracts are secured by the way of a fixed and floating charge over the assets of the company.

8
Non-current liabilities
2025
2024
Notes
£
£
Bank loans and overdrafts
57,411
125,792
Obligations under finance leases
241,029
404,908
Accruals and deferred income
15,016
22,525
313,456
553,225

Obligations under finance leases and hire purchase contracts are secured by the way of a fixed and floating charge over the assets of the company.

9
Retirement benefit schemes
Defined contribution schemes

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Contributions totalling £6,860 (2024: £3,821) were payable to the fund at the balance sheet date.

10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
25,530
25,530
25,530
25,530
GREEN SPARK UTILITY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
11
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
291,310
421,452
12
Parent company

The company's immediate controlling party is Green Spark (Environmental) Limited by virtue of its 100% shareholding.

2025-03-312024-04-01falsefalsefalse03 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityM E FlanaganP W FlanaganP W FlanaganSC1526122024-04-012025-03-31SC1526122025-03-31SC1526122024-03-31SC152612core:PlantMachinery2025-03-31SC152612core:FurnitureFittings2025-03-31SC152612core:MotorVehicles2025-03-31SC152612core:PlantMachinery2024-03-31SC152612core:FurnitureFittings2024-03-31SC152612core:MotorVehicles2024-03-31SC152612core:CurrentFinancialInstrumentscore:WithinOneYear2025-03-31SC152612core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-31SC152612core:Non-currentFinancialInstrumentscore:AfterOneYear2025-03-31SC152612core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-31SC152612core:CurrentFinancialInstruments2025-03-31SC152612core:CurrentFinancialInstruments2024-03-31SC152612core:Non-currentFinancialInstruments2025-03-31SC152612core:Non-currentFinancialInstruments2024-03-31SC152612core:ShareCapital2025-03-31SC152612core:ShareCapital2024-03-31SC152612core:SharePremium2025-03-31SC152612core:SharePremium2024-03-31SC152612core:CapitalRedemptionReserve2025-03-31SC152612core:CapitalRedemptionReserve2024-03-31SC152612core:RetainedEarningsAccumulatedLosses2025-03-31SC152612core:RetainedEarningsAccumulatedLosses2024-03-31SC152612core:ShareCapital2023-03-31SC152612core:SharePremium2023-03-31SC152612core:CapitalRedemptionReserve2023-03-31SC152612core:RetainedEarningsAccumulatedLosses2023-03-31SC152612core:ShareCapitalOrdinaryShareClass12025-03-31SC152612core:ShareCapitalOrdinaryShareClass12024-03-31SC152612bus:CompanySecretaryDirector12024-04-012025-03-31SC152612core:RetainedEarningsAccumulatedLosses2023-04-012024-03-31SC1526122023-04-012024-03-31SC152612core:RetainedEarningsAccumulatedLosses2024-04-012025-03-31SC152612core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-31SC152612core:PlantMachinery2024-04-012025-03-31SC152612core:FurnitureFittings2024-04-012025-03-31SC152612core:MotorVehicles2024-04-012025-03-31SC152612core:ComputerSoftware2024-03-31SC152612core:ComputerSoftware2025-03-31SC152612core:ComputerSoftware2024-03-31SC152612core:PlantMachinery2024-03-31SC152612core:FurnitureFittings2024-03-31SC152612core:MotorVehicles2024-03-31SC1526122024-03-31SC152612bus:OrdinaryShareClass12024-04-012025-03-31SC152612bus:OrdinaryShareClass12025-03-31SC152612bus:OrdinaryShareClass12024-03-31SC152612bus:PrivateLimitedCompanyLtd2024-04-012025-03-31SC152612bus:SmallCompaniesRegimeForAccounts2024-04-012025-03-31SC152612bus:FRS1022024-04-012025-03-31SC152612bus:AuditExemptWithAccountantsReport2024-04-012025-03-31SC152612bus:Director12024-04-012025-03-31SC152612bus:Director22024-04-012025-03-31SC152612bus:CompanySecretary12024-04-012025-03-31SC152612bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP