Company registration number 09534085 (England and Wales)
ONE UTILITY BILL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ONE UTILITY BILL LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 7
ONE UTILITY BILL LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
483,654
443,954
Current assets
Debtors
6
1,824,561
1,518,710
Cash at bank and in hand
3,131,810
2,439,424
4,956,371
3,958,134
Creditors: amounts falling due within one year
7
(3,388,874)
(3,009,233)
Net current assets
1,567,497
948,901
Total assets less current liabilities
2,051,151
1,392,855
Creditors: amounts falling due after more than one year
8
(44,635)
(121,940)
Provisions for liabilities
(42,306)
-
0
Net assets
1,964,210
1,270,915
Capital and reserves
Called up share capital
321
321
Share premium account
4,638,434
4,638,434
Profit and loss reserves
(2,674,545)
(3,367,840)
Total equity
1,964,210
1,270,915

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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 by the board of directors and authorised for issue on 10 November 2025 and are signed on its behalf by:
C T Dawson
Director
Company Registration No. 09534085
ONE UTILITY BILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

One Utility Bill Limited is a private company limited by shares incorporated in England and Wales. The registered office is Media Exchange, 5B Coquet Street, Newcastle upon Tyne, NE1 2QB.

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
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for management fees charged to customers for the utility bill bundling services provided by the company but does not include the cost of the utility services themselves, 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 includes surpluses from Unlimited Energy (UE), a product which sets an energy allowance for the length of the contract relative to the size of the property. The customer is charged an agreed, fixed amount for the gas and/or electricity element of their utility package regardless of the amount of energy they use which gives them certainty for a slightly higher price. Energy allowances are set at levels which are expected to deliver an overall surplus to the company across all customers. Due to the variable nature of this product, an accounting estimate is included in the current year accounts which amounts to 90% of expected surpluses at the time. Each package is reconciled at the end of each contract when the actual amount of UE surplus or deficit is known. A final adjustment is made to the accounts which is normally in the following year (as most contracts are for 12 months) when 98% of expected surpluses are included until all reconciliations have been completed for the prior year at which point 100% is included. At this point, the current year accounting estimate is also updated based on any new information gained.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have no remaining value and as such remains impaired with a carrying value of £Nil.

1.5
Tangible fixed assets

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

ONE UTILITY BILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

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:

Long leasehold property
10% & 25% straight line
Fixtures and fittings
25% straight line

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.

1.6
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. Bank overdrafts are shown within borrowings in current liabilities. Cash and cash equivalents excludes cash held on behalf of customers which are shown in debtors and creditors as equal and opposite amounts.

1.7
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 statement of financial position 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.

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.

1.8
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.

ONE UTILITY BILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.9
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
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.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
20,000
-
0
For other services
All other non-audit services
15,075
13,655
ONE UTILITY BILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Employees

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

2025
2024
Number
Number
Total
167
128
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
105,367
Amortisation and impairment
At 1 April 2024 and 31 March 2025
105,367
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
5
Tangible fixed assets
Long leasehold property
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2024
147,430
549,983
697,413
Additions
140,946
98,998
239,944
Disposals
(1,895)
(45,018)
(46,913)
At 31 March 2025
286,481
603,963
890,444
Depreciation and impairment
At 1 April 2024
30,929
222,530
253,459
Depreciation charged in the year
46,363
135,827
182,190
Eliminated in respect of disposals
(1,153)
(27,706)
(28,859)
At 31 March 2025
76,139
330,651
406,790
Carrying amount
At 31 March 2025
210,342
273,312
483,654
At 31 March 2024
116,501
327,453
443,954
ONE UTILITY BILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
122,109
105,291
Corporation tax recoverable
311,764
103,296
Other debtors
780,967
837,836
Prepayments and accrued income
609,721
354,448
1,824,561
1,400,871
Deferred tax asset
-
0
117,839
1,824,561
1,518,710
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
9
82,695
75,662
Trade creditors
697,240
346,344
Taxation and social security
769,230
510,988
Other creditors
995,733
1,567,987
Accruals and deferred income
843,976
508,252
3,388,874
3,009,233
8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
9
44,635
121,940
9
Loans and overdrafts
2025
2024
£
£
Bank loans
127,330
197,602
Payable within one year
82,695
75,662
Payable after one year
44,635
121,940

Barclays Bounce Back loan is denominated in sterling with a nominal interest rate of 2.50%, and the final instalment is due in September 2026. The carrying amount at period end is £127,330 (2024 - £197,602).

In line with Government support, the first 12 months are repayment free and any interest charge is borne by the Government. The loan is unsecured.

ONE UTILITY BILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Simon Brown BA ACA DChA
Statutory Auditor:
Azets Audit Services
11
Financial commitments, guarantees and contingent liabilities

Included within the statement of financial position are unpaid pension contributions of £26,001 (202 4: £16,225)

12
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
341,294
64,560
13
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Purchases
Purchases
2025
2024
£
£
Other related parties
27,223
33,759
14
Parent company

In the opinion of the directors' there is no ultimate controlling party.

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