Company No: 09793509 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	3,938		5,250
		3,938		5,250
Current assets
Debtors	4	31,379		83,284
Cash at bank and in hand	5	2,231		1,093
		33,610		84,377
Creditors: amounts falling due within one year	6	( 43,474)		( 43,486)
Net current (liabilities)/assets		(9,864)		40,891
Total assets less current liabilities		(5,926)		46,141
Creditors: amounts falling due after more than one year	7	( 15,021)		( 37,234)
Provision for liabilities	8	( 985)		( 1,313)
Net (liabilities)/assets		( 21,932)		7,594
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		( 22,032 )		7,494
Total shareholders' (deficit)/funds		( 21,932)		7,594

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Earthline Utilities Limited (registered number: 09793509) were approved and authorised for issue by the Director. They were signed on its behalf by:

Joseph Redvers Banfield Director

17 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Earthline Utilities Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

25 % reducing balance

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	2		2

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 October 2023	7,000		7,000
At 30 September 2024	7,000		7,000
Accumulated depreciation
At 01 October 2023	1,750		1,750
Charge for the financial year	1,312		1,312
At 30 September 2024	3,062		3,062
Net book value
At 30 September 2024	3,938		3,938
At 30 September 2023	5,250		5,250

4. Debtors

	2024		2023
	£		£
Other debtors	31,379		83,284

5. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	2,231		1,093

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	12,900		2,500
Taxation and social security	1,508		32,232
Other creditors	29,066		8,754
	43,474		43,486

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	15,021		37,234

There are no amounts included above in respect of which any security has been given by the small entity.

8. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 1,313)		0
Credited/(charged) to the Statement of Income and Retained Earnings	328		( 1,313)
At the end of financial year	( 985)		( 1,313)

The deferred tax relates to accelerated capital allowances.

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

10. Related party transactions

Transactions with owners holding a participating interest in the entity

	2024		2023
	£		£
Company owing sums due to the director	25,067		4,755