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Registration number: 04273703

Nationwide Energy Consultants Utilities Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Nationwide Energy Consultants Utilities Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 11

 

Nationwide Energy Consultants Utilities Ltd

Company Information

Directors

Mr Dean O'Hara

Mr John O'Hara

Ms Alissa O'Hara

Company secretary

Mr Dean O'Hara

Registered office

Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

Accountants

Pattinsons Business Services Ltd Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

 

Nationwide Energy Consultants Utilities Ltd

Directors' Report for the Year Ended 31 October 2024

The directors present their report and the financial statements for the year ended 31 October 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Dean O'Hara - Company secretary and director

Mr John O'Hara

Ms Alissa O'Hara (appointed 24 May 2024)

Principal activity

The principal activity of the company is that of utilities consultants for energy, water supplies and the supply and fitting of energy saving lighting.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 22 July 2025 and signed on its behalf by:

.........................................
Mr Dean O'Hara
Company secretary and director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Nationwide Energy Consultants Utilities Ltd
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nationwide Energy Consultants Utilities Ltd for the year ended 31 October 2024 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Nationwide Energy Consultants Utilities Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Nationwide Energy Consultants Utilities Ltd and state those matters that we have agreed to state to the Board of Directors of Nationwide Energy Consultants Utilities Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nationwide Energy Consultants Utilities Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Nationwide Energy Consultants Utilities Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Nationwide Energy Consultants Utilities Ltd. You consider that Nationwide Energy Consultants Utilities Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Nationwide Energy Consultants Utilities Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Pattinsons Business Services Ltd
Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

22 July 2025

 

Nationwide Energy Consultants Utilities Ltd

(Registration number: 04273703)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

22,387

29,597

Tangible assets

6

59,725

34,663

 

82,112

64,260

Current assets

 

Debtors

7

133,509

240,820

Cash at bank and in hand

 

1,314,282

1,109,654

 

1,447,791

1,350,474

Creditors: Amounts falling due within one year

8

(325,258)

(361,007)

Net current assets

 

1,122,533

989,467

Total assets less current liabilities

 

1,204,645

1,053,727

Creditors: Amounts falling due after more than one year

8

-

(112,500)

Provisions for liabilities

(5,006)

(8,271)

Net assets

 

1,199,639

932,956

Capital and reserves

 

Called up share capital

9

102

102

Retained earnings

1,199,537

932,854

Shareholders' funds

 

1,199,639

932,956

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 July 2025 and signed on its behalf by:
 

.........................................
Mr Dean O'Hara
Company secretary and director

 

Nationwide Energy Consultants Utilities Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

These financial statements were authorised for issue by the Board on 22 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Nationwide Energy Consultants Utilities Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

25% Reducing balance

Motor vehicles

25% Reducing balance

Computer equipment

3 Years straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Computer software

3 Years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Nationwide Energy Consultants Utilities Ltd

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

 

Nationwide Energy Consultants Utilities Ltd

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

3

Staff numbers

The average number of persons employed by the company during the year, was 31 (2023 - 35).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

15,195

8,913

Amortisation expense

28,791

26,000

5

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 November 2023

150,344

150,344

Additions

21,580

21,580

At 31 October 2024

171,924

171,924

Amortisation

At 1 November 2023

120,747

120,747

Amortisation charge

28,790

28,790

At 31 October 2024

149,537

149,537

Carrying amount

At 31 October 2024

22,387

22,387

At 31 October 2023

29,597

29,597

 

Nationwide Energy Consultants Utilities Ltd

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

6

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

91,644

131,759

223,403

Additions

25,171

16,749

41,920

Disposals

-

(18,545)

(18,545)

At 31 October 2024

116,815

129,963

246,778

Depreciation

At 1 November 2023

79,535

109,205

188,740

Charge for the year

7,385

7,810

15,195

Eliminated on disposal

-

(16,882)

(16,882)

At 31 October 2024

86,920

100,133

187,053

Carrying amount

At 31 October 2024

29,895

29,830

59,725

At 31 October 2023

12,109

22,554

34,663

7

Debtors

2024
£

2023
£

Trade debtors

59,198

161,639

Prepayments

18,379

20,484

Other debtors

55,932

58,697

 

133,509

240,820

 

Nationwide Energy Consultants Utilities Ltd

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

10

-

50,000

Trade creditors

 

10,706

15,142

Taxation and social security

 

300,219

286,115

Other creditors

 

14,333

9,750

 

325,258

361,007

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

-

112,500

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

100

100

100

100

Ordinary A of £1 each

2

2

2

2

102

102

102

102

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

112,500

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

50,000

 

Nationwide Energy Consultants Utilities Ltd

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

11

Related party transactions

Transactions with directors

2024

At 1 November 2023
£

Advances to director
£

Repayments by director
£

At 31 October 2024
£

Loan to director

-

107,920

(108,113)

(193)

Loan to director

-

151,389

(144,830)

6,559

-

259,309

(252,943)

6,366

 

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 31 October 2023
£

Loan to director

5,080

147,737

(152,817)

-

5,080

147,737

(152,817)

-

 

Interest has been charged at HMRC's beneficial loan interest rates on balances in excess of £10,000. The loan is repayable on demand.