2023-10-182024-12-312024-12-31false15219323UTILITRACK (NORTH EAST) 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UTILITRACK (NORTH EAST) LTD

Registered Number
15219323
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

UTILITRACK (NORTH EAST) LTD
Company Information
for the period from 18 October 2023 to 31 December 2024

Director

TESTA, Gianluca

Registered Address

Cobalt Business Exchange Cobalt Business Exchange, Cbx Business Centre
Cobalt Park Way
Newcastle
NE28 9NZ

Registered Number

15219323 (England and Wales)
UTILITRACK (NORTH EAST) LTD
Balance Sheet as at
31 December 2024

Notes

2024

£

£

Fixed assets
Tangible assets36,370
6,370
Current assets
Debtors181,310
Cash at bank and on hand83,629
264,939
Creditors amounts falling due within one year4(208,368)
Net current assets (liabilities)56,571
Total assets less current liabilities62,941
Net assets62,941
Capital and reserves
Profit and loss account62,941
Shareholders' funds62,941
The financial statements were approved and authorised for issue by the Director on 3 July 2025, and are signed on its behalf by:
TESTA, Gianluca
Director
Registered Company No. 15219323
UTILITRACK (NORTH EAST) LTD
Notes to the Financial Statements
for the period ended 31 December 2024

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.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated 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.
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

2024
Average number of employees during the year50
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions6,3706,370
At 31 December 246,3706,370
Net book value
At 31 December 246,3706,370
At 17 October 23--
4.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables29,653
Taxation and social security176,962
Other creditors1,753
Total208,368