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REGISTERED NUMBER: 08427885 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Wills Utilities Ltd

Wills Utilities Ltd (Registered number: 08427885)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wills Utilities Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: L Williams





REGISTERED OFFICE: 794 High Street
Kingswinford
West Midlands
DY6 8BQ





REGISTERED NUMBER: 08427885 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Wills Utilities Ltd (Registered number: 08427885)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,833 53,644

CURRENT ASSETS
Debtors 5 54,960 33,745
Cash at bank 8,759 227
63,719 33,972
CREDITORS
Amounts falling due within one year 6 63,156 44,093
NET CURRENT ASSETS/(LIABILITIES) 563 (10,121 )
TOTAL ASSETS LESS CURRENT LIABILITIES 49,396 43,523

CREDITORS
Amounts falling due after more than one year 7 (30,008 ) (25,009 )

PROVISIONS FOR LIABILITIES 8 (8,708 ) (10,193 )
NET ASSETS 10,680 8,321

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 10,580 8,221
SHAREHOLDERS' FUNDS 10,680 8,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





L Williams - Director


Wills Utilities Ltd (Registered number: 08427885)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Wills Utilities Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

Wills Utilities Ltd (Registered number: 08427885)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 30,267 356 84,607 2,540 117,770
Additions - 372 33,499 98 33,969
Disposals - - (48,407 ) - (48,407 )
At 31 March 2025 30,267 728 69,699 2,638 103,332
DEPRECIATION
At 1 April 2024 16,923 128 45,103 1,972 64,126
Charge for year 2,668 120 12,448 333 15,569
Eliminated on disposal - - (25,196 ) - (25,196 )
At 31 March 2025 19,591 248 32,355 2,305 54,499
NET BOOK VALUE
At 31 March 2025 10,676 480 37,344 333 48,833
At 31 March 2024 13,344 228 39,504 568 53,644

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Amounts owed by associates 30,500 -
Other debtors 24,460 30,664
VAT - 3,081
54,960 33,745

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 5,000 11,337
Hire purchase contracts 10,452 13,776
Trade creditors - 612
Tax 10,208 356
VAT 5,166 -
Directors' current accounts 30,932 16,668
Accrued expenses 1,398 1,344
63,156 44,093

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 2,500 5,000
Hire purchase contracts 22,508 15,009
30,008 25,009

8. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 8,708 10,193

Wills Utilities Ltd (Registered number: 08427885)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 10,193
Credit to Income Statement during year (1,485 )
Balance at 31 March 2025 8,708

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2024 8,221
Profit for the year 42,359
Dividends (40,000 )
At 31 March 2025 10,580

11. ULTIMATE CONTROLLING PARTY

The controlling party is L Williams.