REGISTERED NUMBER: 04408718 (England and Wales)

UTILITY AID LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A C Homer

A G Hankinson

S A Dawson

SECRETARY:

S A Dawson

REGISTERED OFFICE:

4th Floor Of The Hub

Navigation Wharf

Carre Street

Sleaford

Lincolnshire

NG34 7TW

REGISTERED NUMBER:

04408718 (England and Wales)

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

FIXED ASSETS

Tangible assets

4

274,541

33,576

CURRENT ASSETS

Debtors

5

1,671,364

1,216,299

Cash at bank and in hand

1,939,000

1,952,260

3,610,364

3,168,559

CREDITORS

Amounts falling due within one year

6

1,610,391

827,207

NET CURRENT ASSETS

1,999,973

2,341,352

TOTAL ASSETS LESS CURRENT LIABILITIES

2,274,514

2,374,928

PROVISIONS FOR LIABILITIES

12,406

88,394

NET ASSETS

2,262,108

2,286,534

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Share premium

390,950

390,950

Capital redemption reserve

50

50

Retained earnings

1,861,108

1,885,534

SHAREHOLDERS' FUNDS

2,262,108

2,286,534

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 26 September 2025 and were signed on its behalf by:

A G Hankinson - Director

1.	STATUTORY INFORMATION

Utility Aid 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 and income recognition

Turnover represents commissions received net of Value Added Tax.

The company recognises income to fairly represent the level of completion of all its contracts. Whilst client contracts upon which commission is received may last a number of years, the commission is not recognised on a linear time basis but on a basis that more reasonably represents the activity undertaken by the company.

Commission on contracts signed before the year end but for a period commencing post year end are included as appropriate with adjustments included for contracts which might not be fulfilled in their entirety.

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 etc

-

33% on cost and 25% on cost

Tangible fixed assets are held at cost less depreciation.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Deferred taxation has been calculated at 25% (2023: 25%).

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 83 (2023 - 69 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

158,907

Additions

271,102

Disposals

(60,876

)

At 31 December 2024

369,133

DEPRECIATION

At 1 January 2024

125,331

Charge for year

28,228

Eliminated on disposal

(58,967

)

At 31 December 2024

94,592

NET BOOK VALUE

At 31 December 2024

274,541

At 31 December 2023

33,576

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

312,440

202,730

Amounts owed by group undertakings

368,465

20,079

Other debtors

990,459

993,490

1,671,364

1,216,299

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

356,612

257,199

Taxation and social security

301,348

330,625

Other creditors

952,431

239,383

1,610,391

827,207

7.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

182,202

134,106

Between one and five years

366,360

314,476

In more than five years

66,605

131,376

615,167

579,958

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

10,000

Ordinary

1

10,000

10,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rachel Rudkin FCCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

10.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company of Utility Aid Limited is UA Energy Limited, a company incorporated in the United Kingdom.

11.	DEFERRED REVENUE

The company has at any point in time significant deferred revenue. At the year end the figures were as follows:

Balance at 1 January 2024

584,446

Balance at 31 December 2024

384,710

Change in the year

199,736

The amounts deferred represent the commission on contracts signed before the year end where income has not yet been recognised in accordance with the company's income recognition policy detailed in note 2.

Once a contract has been entered into by a client they are legally bound to fulfil the entire contract and it cannot be cancelled. All commissions derived from the contract will become payable when due, unless any of the following takes effect:

- The clients enters administration.

- The client is no longer responsible for the meter point stated in the contract i.e through sale or disposal of the property.

- The supplier releases the client from its contractual obligations.