Utility Stream (USL) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11295930 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

UTILITY STREAM (USL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N A Qayyum

Mr M Edwards

Mr P White

REGISTERED OFFICE:

1-2 Pegasus House

Pegasus Court

Warwick

Warwickshire

CV34 6LW

REGISTERED NUMBER:

11295930 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants and advisors Ltd

Chartered Certified Accountants

and Registered Auditors

3 & 4 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Intangible assets

4

5,128

-

Tangible assets

5

24,511

26,415

29,639

26,415

CURRENT ASSETS

Debtors

6

1,767,742

1,377,964

Cash at bank

280,654

240,398

2,048,396

1,618,362

CREDITORS

Amounts falling due within one year

7

2,280,823

1,746,452

NET CURRENT LIABILITIES

(232,427

)

(128,090

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(202,788

)

(101,675

)

CREDITORS

Amounts falling due after more than one
year

8

483,542

486,643

NET LIABILITIES

(686,330

)

(588,318

)

CAPITAL AND RESERVES

Called up share capital

143

Share premium

224,957

Retained earnings

(911,430

)

(813,418

)

SHAREHOLDERS' FUNDS

(686,330

)

(588,318

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr N A Qayyum - Director

1.	STATUTORY INFORMATION

Utility Stream (USL) Limited 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

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.

Going concern

The financial statements have been prepared on the going concern basis. This basis is considered appropriate as the directors and shareholders have indicated that they will continue to provide financial support to the company as necessary for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

6,410

At 31 December 2024

6,410

AMORTISATION

Charge for year

1,282

At 31 December 2024

1,282

NET BOOK VALUE

At 31 December 2024

5,128

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

COST

At 1 January 2024

23,484

17,383

19,253

60,120

Additions

-

6,078

At 31 December 2024

23,484

17,383

25,331

66,198

DEPRECIATION

At 1 January 2024

6,392

15,021

12,292

33,705

Charge for year

2,349

1,669

3,964

7,982

At 31 December 2024

8,741

16,690

16,256

41,687

NET BOOK VALUE

At 31 December 2024

14,743

693

9,075

24,511

At 31 December 2023

17,092

2,362

6,961

26,415

6.

DEBTORS

2024

2023

£

Amounts falling due within one year:

Trade debtors

1,725,796

1,346,134

Other debtors

27,446

17,330

1,753,242

1,363,464

2024

2023

£

Amounts falling due after more than one year:

Other debtors

14,500

Aggregate amounts

1,767,742

1,377,964

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

4,818

Trade creditors

32,324

77,258

Taxation and social security

345,424

251,423

Other creditors

1,898,257

1,412,953

2,280,823

1,746,452

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

8,542

11,643

Other creditors

475,000

483,542

486,643

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

475,000

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

Within one year

43,500

Between one and five years

174,000

In more than five years

72,500

116,000

290,000

333,500

10.	ULTIMATE CONTROLLING PARTY

The Company is controlled by the Mr N Qayyum and Mr M Edwards.