Company Registration No. 13081854 (England and Wales)
Utopian Build Ltd
Unaudited accounts
for the year ended 31 December 2024
Utopian Build Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
7,658
10,210
Cash at bank and in hand
75,633
58,075
Creditors: amounts falling due within one year
(97,608)
(63,140)
Net current assets
106,425
45,767
Called up share capital
100
100
Profit and loss account
113,983
55,877
Shareholders' funds
114,083
55,977
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 September 2025 and were signed on its behalf by
Bradley Wheaton
Director
Company Registration No. 13081854
Utopian Build Ltd
Notes to the Accounts
for the year ended 31 December 2024
Utopian Build Ltd is a private company, limited by shares, registered in England and Wales, registration number 13081854. The registered office is Basepoint Business Centre, Pindar Road, Hoddesdon, EN11 0FJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
3,200
16,378
19,578
At 31 December 2024
3,200
16,378
19,578
At 1 January 2024
1,558
7,810
9,368
Charge for the year
410
2,142
2,552
At 31 December 2024
1,968
9,952
11,920
At 31 December 2024
1,232
6,426
7,658
At 31 December 2023
1,642
8,568
10,210
Utopian Build Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
128,400
50,832
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
65,044
52,583
Loans from directors
283
184
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2023: 1).