REGISTERED NUMBER: 05435674 (England and Wales)

PRG UTILITIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

P J Griffiths

REGISTERED OFFICE:

4 Cornflower Way

Lincoln

Lincolnshire

LN6 9UP

REGISTERED NUMBER:

05435674 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Property, plant and equipment

4

14,895

19,860

Investments

5

131,227

105,156

146,122

125,016

CURRENT ASSETS

Debtors

6

10,404

14,547

Cash at bank

87,537

83,703

97,941

98,250

CREDITORS

Amounts falling due within one year

7

140,319

137,824

NET CURRENT LIABILITIES

(42,378

)

(39,574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

103,744

85,442

PROVISIONS FOR LIABILITIES

13,178

10,109

NET ASSETS

90,566

75,333

CAPITAL AND RESERVES

Called up share capital

8

1

1

Revaluation reserve

9

54,464

33,346

Retained earnings

36,101

41,986

SHAREHOLDERS' FUNDS

90,566

75,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14 November 2025 and were signed by:

P J Griffiths - Director

1.	STATUTORY INFORMATION

PRG Utilities 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from installing utility mains is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to completion of work carried out.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Property, plant and equipment

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, 25% on reducing balance and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

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 the income statement in the period to which they relate.

Investment

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the financial position date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. Short term deposits represent investments in bank term deposits maturing within one year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 May 2024

and 30 April 2025

83,028

DEPRECIATION

At 1 May 2024

63,168

Charge for year

4,965

At 30 April 2025

68,133

NET BOOK VALUE

At 30 April 2025

14,895

At 30 April 2024

19,860

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 May 2024

105,156

Revaluations

26,071

At 30 April 2025

131,227

NET BOOK VALUE

At 30 April 2025

131,227

At 30 April 2024

105,156

Cost or valuation at 30 April 2025 is represented by:

Other

investments

£

Valuation in 2020

39,566

Valuation in 2021

6,862

Valuation in 2023

(4,261

)

Valuation in 2025

26,071

Cost

62,989

131,227

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,900

11,190

Other debtors

2,504

3,357

10,404

14,547

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,212

1,673

Taxation and social security

2,851

-

Other creditors

136,256

136,151

140,319

137,824

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary shares

£1

1

1

9.

RESERVES

Revaluation

reserve

£

At 1 May 2024

33,346

Revaluation in year

26,071

Deferred tax

(4,953

)

At 30 April 2025

54,464