Company registration number 10665371 (England and Wales)
UTILITY JETTING SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
Affinia
Swift House
Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
UK
CM1 1GU
UTILITY JETTING SERVICES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
UTILITY JETTING SERVICES LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,755
1,650
Current assets
Debtors
5
2,849
10,067
Cash at bank and in hand
6,578
763
9,427
10,830
Creditors: amounts falling due within one year
6
(10,477)
(9,137)
Net current (liabilities)/assets
(1,050)
1,693
Total assets less current liabilities
1,705
3,343
Creditors: amounts falling due after more than one year
7
(550)
(2,750)
Provisions for liabilities
(524)
(247)
Net assets
631
346
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
531
246
Total equity
631
346
UTILITY JETTING SERVICES LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 3 October 2025
Mr M Campbell
Director
Company Registration No. 10665371
UTILITY JETTING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Utility Jetting Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Swift House, Ground Floor, 18 Hoffmanns Way, Chelmsford, Essex, UK, CM1 1GU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for specialist jet services provided in the normal course of business.

Revenue from contracts for the provision of specialist jet services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Computers
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

UTILITY JETTING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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. A m ounts 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.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

UTILITY JETTING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
UTILITY JETTING SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
8,387
Additions
1,898
At 31 March 2025
10,285
Depreciation and impairment
At 1 April 2024
6,737
Depreciation charged in the year
793
At 31 March 2025
7,530
Carrying amount
At 31 March 2025
2,755
At 31 March 2024
1,650
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
2,849
10,067
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
2,199
2,199
Taxation and social security
5,823
5,526
Other creditors
2,455
1,412
10,477
9,137
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
550
2,750
8
Directors' transactions

At the balance sheet date, the director owed £2,075 (2024: £9,293) to the company. This amount is interest free and repayable on demand.

2025-03-31 2024-04-01 false false false 03 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr M Campbell 10665371 2024-04-01 2025-03-31 10665371 2025-03-31 10665371 2024-03-31 10665371 core:OtherPropertyPlantEquipment 2025-03-31 10665371 core:OtherPropertyPlantEquipment 2024-03-31 10665371 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 10665371 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10665371 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 10665371 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 10665371 core:CurrentFinancialInstruments 2025-03-31 10665371 core:CurrentFinancialInstruments 2024-03-31 10665371 core:ShareCapital 2025-03-31 10665371 core:ShareCapital 2024-03-31 10665371 core:RetainedEarningsAccumulatedLosses 2025-03-31 10665371 core:RetainedEarningsAccumulatedLosses 2024-03-31 10665371 bus:Director1 2024-04-01 2025-03-31 10665371 core:PlantMachinery 2024-04-01 2025-03-31 10665371 core:ComputerEquipment 2024-04-01 2025-03-31 10665371 2023-04-01 2024-03-31 10665371 core:OtherPropertyPlantEquipment 2024-03-31 10665371 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 10665371 core:WithinOneYear 2025-03-31 10665371 core:WithinOneYear 2024-03-31 10665371 core:Non-currentFinancialInstruments 2025-03-31 10665371 core:Non-currentFinancialInstruments 2024-03-31 10665371 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10665371 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10665371 bus:FRS102 2024-04-01 2025-03-31 10665371 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10665371 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP