Utopia Contracts Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Utopia Contracts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09616013 . The registered office is Utopia Contracts, Station Road, Barnby Dun, Doncaster, DN3 1HQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.4. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2023: 12)

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Utopia Contracts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Stocks

	2024	2023
	£	£
Stock	1,142,151	1,269,245

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	888,357	698,306
Other debtors	45,166	76,746

	933,523	775,052

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	716,701	707,798
Corporation tax	49,631	48,828
Other taxes and social security	13,044	13,286
Other creditors	2,359	3,941
Amounts owed to group undertakings	8,651,395	7,593,442
Payments on account	218,877	201,751

	9,652,007	8,569,046

7. Contingent Liabilities

The company has given unlimited guarantees securing the accounts of R.O. Arnold Limited and Fire-craft (Doncaster) Limited with Handelsbanken.

8. Related Party Transactions

The parent company at the balance sheet date was R O Arnold Limited which owns 70% of the share capital.

At the year end date £8,651,395 (2023: £7,593,443) was due to R O Arnold Limited for an interest free loan which is repayable on demand.

During the year support costs were recharged from R O Arnold Limited of £601,839 (2023: £787,198).

Goods sold to R O Arnold Limited in the year totalled £1,133 (2023: £19,006)

Goods purchased from R O Arnold Limited in the year totalled £400,856 (2023: £356,029)

Nutley Goring Holdings Limited is a company registered in England and Wales and is the largest and smallest group undertaking for which group accounts are prepared and made publicly available.

The company is consolidated in to the group accounts of Nutley Goring Holdings Limited.

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Utopia Contracts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Ultimate Controlling Party

The ultimate controlling party is Mrs C Gaylor who owns 84.1% of Nutley Goring Holdings Limited, the ultimate holding company of the group.

10. Audit Information

The auditor's report on the accounts of Utopia Contracts Limited for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by A Wigglesworth (Senior Statutory Auditor) for and on behalf of A Wigglesworth & Company Ltd , Statutory Auditor.

A Wigglesworth & Company Ltd

Armstrong House

First Avenue

Doncaster

DN9 3GA

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		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	1,142,151		1,269,245
Debtors	5	933,523		775,052
Cash at bank and in hand		8,176,305		7,129,234

		10,251,979		9,173,531
Creditors: Amounts Falling Due Within One Year	6	(9,652,007 )		(8,569,046 )

NET CURRENT ASSETS (LIABILITIES)			599,972		604,485

TOTAL ASSETS LESS CURRENT LIABILITIES			599,972		604,485

NET ASSETS			599,972		604,485

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			599,872		604,385

SHAREHOLDERS' FUNDS			599,972		604,485