REGISTERED NUMBER: 07196381 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

INNOVATIVE UTILITIES (UK) LIMITED

Page

Company Information

1

Report of the Director

2

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

7

DIRECTOR:

Mrs A Mason

REGISTERED OFFICE:

Dept 107

601 International House

223 Regent Street

London

W1B 2QD

REGISTERED NUMBER:

07196381 (England and Wales)

ACCOUNTANTS:

Independent Accountants in Scotland Limited

Level One

211 Dumbarton Road

Mansfield Park

Glasgow

G11 6AA

The director presents her report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

Innovative Utilities (UK) Limited is utility and civil engineering company operating in Scotland.

The principal activity of the company in the year under review was within the utility and civil engineering market within Scotland.

The business has continued to grow from strength to strength as can be seen throughout the financial year.

REVIEW OF BUSINESS

The Director confirms the business has a strong forward order book within its principal work areas of the Utility and Civil Engineering Industry.

The company will continue to build long term relationships with our reputation built upon consistently delivering high quality projects and providing value for money for our clients.

The Company has a strong sustainable business model and we are well positioned to move forward to capitalise on the compelling growth opportunities that exist across our utility and civil engineering markets by leveraging our unique low risk, high quality operating model.

The company remains committed to building its reputation within the utility and civil engineering industry.

The company will continue its forecasted growth within the financial year ahead in 2025/26.

DIRECTOR

Mrs A Mason held office during the whole of the period from 1 April 2024 to the date of this report.

INVESTMENT

The company have made substantial investments into vehicles, plant and equipment within the 2024/2025 financial year.

The company have invested heavily in training and shall continue in the coming years to keep our staff at the forefront of the utility industry.

HEALTH SAFETY ENVIRONMENT AND QUALITY

The company continues to maintain and build on its excellent HSEQ.

We continue to hold the ISO 9001 (Quality) and ISO 14001 (Environmental). The company is certified to UKAS ISO 45001.

The company continues to hold and maintain a number of other accreditations and are members of Achilles, Utility Vendor Database (UVDB), Scottish Water Utility Connection Provider (UCP) , Lloyds Register Water Industry Registration Scheme (WIRS), Construction Health and Safety Scheme (CHAS) and Gas Safe Registered.

The company is also registered as a caring employer for mental health.

These accreditations and standards continue to make Innovative Utilities (UK) Limited a preferred contractor within the utility and civil engineering industry.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs A Mason - Director

20 October 2025

TURNOVER

4,956,577

3,764,826

Cost of sales

3,982,846

2,775,093

GROSS PROFIT

973,731

989,733

Distribution costs

9,453

1,121

Administrative expenses

573,010

368,969

582,463

370,090

391,268

619,643

Other operating income

1,222

-

OPERATING PROFIT

4

392,490

619,643

Interest payable and similar expenses

188,255

14,046

PROFIT BEFORE TAXATION

204,235

605,597

Tax on profit

34,478

14,689

PROFIT FOR THE FINANCIAL YEAR

169,757

590,908

FIXED ASSETS

Tangible assets

6

1,279,848

700,506

CURRENT ASSETS

Stocks

1,093,031

1,063,860

Debtors

7

11,441

215,108

Cash at bank and in hand

330,719

332,356

1,435,191

1,611,324

CREDITORS

Amounts falling due within one year

8

1,150,830

1,070,145

NET CURRENT ASSETS

284,361

541,179

TOTAL ASSETS LESS CURRENT LIABILITIES

1,564,209

1,241,685

CREDITORS

Amounts falling due after more than one year

9

(515,703

)

(356,232

)

PROVISIONS FOR LIABILITIES

(268,159

)

(268,159

)

NET ASSETS

780,347

617,294

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

780,246

617,193

SHAREHOLDERS' FUNDS

780,347

617,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 20 October 2025 and were signed by:

Mrs A Mason - Director

1.	STATUTORY INFORMATION

Innovative Utilities (UK) 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 17 (2024 - 13 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31/3/25

31/3/24

£

£

Depreciation - owned assets

202,342

103,587

5.

DIVIDENDS

31/3/25

31/3/24

£

£

Ordinary shares of 1 each

Final

6,704

2,682

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

-

1,472,291

1,472,291

Additions

316,470

465,214

781,684

At 31 March 2025

316,470

1,937,505

2,253,975

DEPRECIATION

At 1 April 2024

-

771,785

771,785

Charge for year

-

202,342

202,342

At 31 March 2025

-

974,127

974,127

NET BOOK VALUE

At 31 March 2025

316,470

963,378

1,279,848

At 31 March 2024

-

700,506

700,506

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2017

107,688

1,372,554

1,480,242

Valuation in 2018

387,312

508,108

895,420

Valuation in 2019

(495,000

)

103,262

(391,738

)

Valuation in 2020

-

856,984

856,984

-

2,840,908

2,840,908

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Other debtors

11,441

215,108

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

119,724

50,000

Hire purchase contracts

210,673

151,563

Trade creditors

601,027

254,107

Taxation and social security

183,280

226,587

Other creditors

36,126

387,888

1,150,830

1,070,145

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

190,446

54,167

Hire purchase contracts

325,257

302,065

515,703

356,232