UTILITRACK LIMITED

Company Registration Number:
07026121 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

UTILITRACK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

UTILITRACK LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 9,613 9,563
Total fixed assets: 9,613 9,563
Current assets
Debtors:   441,103 320,955
Cash at bank and in hand: 354,423 25,540
Total current assets: 795,526 346,495
Creditors: amounts falling due within one year: 4 (192,140) (126,955)
Net current assets (liabilities): 603,386 219,540
Total assets less current liabilities: 612,999 229,103
Creditors: amounts falling due after more than one year: 5 (775,566) (489,380)
Provision for liabilities: (1,500) (1,500)
Total net assets (liabilities): (164,067) (261,777)
Capital and reserves
Called up share capital: 1,583 1,583
Share premium account: 127,750 127,750
Revaluation reserve:6(2,439)(2,439)
Profit and loss account: (290,961) (388,671)
Shareholders funds: (164,067) (261,777)

The notes form part of these financial statements

UTILITRACK LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 June 2025
and signed on behalf of the board by:

Name: E. Testa
Status: Director

The notes form part of these financial statements

UTILITRACK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

UTILITRACK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 13 11

UTILITRACK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 47,048
Additions 2,829
At 31 December 2024 49,877
Depreciation
At 01 January 2024 37,485
Charge for year 2,779
At 31 December 2024 40,264
Net book value
At 31 December 2024 9,613
At 31 December 2023 9,563

UTILITRACK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

Creditors relate to trade creditors, bank borrowings and overdrafts, taxation and social security and other creditors.

UTILITRACK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due after more than one year note

Creditors falling due after one year relate to trade creditors, bank borrowings and overdrafts and other creditors.

UTILITRACK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Revaluation reserve

2024
£
Balance at 01 January 2024 (2,439)
Surplus or deficit after revaluation 0
Balance at 31 December 2024 (2,439)

UTILITRACK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Related party transactions

Name of the related party: Enzo Testa
Relationship:
Director
Description of the Transaction: Included within other creditors is a loan due to Enzo Testa, a director and shareholder of the company, of £311,049. The loan, as per the secure debts note above, is secured on the assets of the company
£
Balance at 01 January 2024 311,049
Balance at 31 December 2024 311,049