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UTILITY OPTIONS LIMITED

Registered Number
02938542
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

UTILITY OPTIONS LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

BATES, Jane Elizabeth
BEAKE, Colin Ralph
BEAKE, Jonathan David
CAFFERY, Chris

Company Secretary

BATES, Jane Elizabeth

Registered Address

Irish Square
Denbigh Road
St. Asaph
LL17 0RN

Registered Number

02938542 (England and Wales)
UTILITY OPTIONS LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets318,00027,000
Tangible assets41,6592,495
19,65929,495
Current assets
Debtors9632,246
Cash at bank and on hand57,98164,695
58,94466,941
Creditors amounts falling due within one year5(40,404)(55,551)
Net current assets (liabilities)18,54011,390
Total assets less current liabilities38,19940,885
Creditors amounts falling due after one year6(28,190)(33,619)
Provisions for liabilities7(381)(573)
Net assets9,6286,693
Capital and reserves
Called up share capital100100
Profit and loss account9,5286,593
Shareholders' funds9,6286,693
The financial statements were approved and authorised for issue by the Board of Directors on 17 June 2025, and are signed on its behalf by:
BEAKE, Jonathan David
Director
Registered Company No. 02938542
UTILITY OPTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20252024
Average number of employees during the year44
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 24180,000180,000
At 31 March 25180,000180,000
Amortisation and impairment
At 01 April 24153,000153,000
Charge for year9,0009,000
At 31 March 25162,000162,000
Net book value
At 31 March 2518,00018,000
At 31 March 2427,00027,000
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 2450,55350,553
At 31 March 2550,55350,553
Depreciation and impairment
At 01 April 2448,05848,058
Charge for year836836
At 31 March 2548,89448,894
Net book value
At 31 March 251,6591,659
At 31 March 242,4952,495
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables8,79610,412
Taxation and social security27,81934,957
Other creditors2,0398,432
Accrued liabilities and deferred income1,7501,750
Total40,40455,551
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts28,19033,619
Total28,19033,619
7.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)381573
Total381573