Company Registration No. 04125277 (England and Wales)
Nationwide Utilities Limited
Unaudited accounts
for the year ended 31 March 2025
Nationwide Utilities Limited
Unaudited accounts
Contents
Nationwide Utilities Limited
Company Information
for the year ended 31 March 2025
Directors
Alessandro Pinna
Company Number
04125277 (England and Wales)
Registered Office
Nationwide Utilities Ltd
346 Kensington High Street
London
W14 8NS
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
Nationwide Utilities Limited
Statement of financial position
as at 31 March 2025
Tangible assets
14,373
17,348
Cash at bank and in hand
204,026
175,902
Creditors: amounts falling due within one year
(205,801)
(188,032)
Net current assets
881,495
615,729
Total assets less current liabilities
895,971
633,224
Creditors: amounts falling due after more than one year
-
(51,048)
Provisions for liabilities
Deferred tax
(3,745)
(3,325)
Net assets
892,226
578,851
Called up share capital
5
2
Profit and loss account
892,221
578,849
Shareholders' funds
892,226
578,851
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by
Alessandro Pinna
Director
Company Registration No. 04125277
Nationwide Utilities Limited
Notes to the Accounts
for the year ended 31 March 2025
Nationwide Utilities Limited is a private company, limited by shares, registered in England and Wales, registration number 04125277. The registered office is Nationwide Utilities Ltd, 346 Kensington High Street, London, W14 8NS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover relates to invoices provided and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised in line with the performance of these services.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation 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:
Patents & licences: 10% straight line
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Nationwide Utilities Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Research costs are expensed as incurred. Development costs are capitalised as intangible assets when the project is technically feasible, the company intends and is able to complete it, future benefits are probable, and costs can be measured reliably. Capitalised costs are amortised over their useful life, not exceeding ten years, and reviewed for impairment annually. All other development expenditure is charged to profit or loss.
Operating lease rentals are charged to profit or loss on a straight-line basis over the lease term.
Work in progress is valued at net recoverable value. Movement in work in progress is allocated against turnover.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.
Nationwide Utilities Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
66,824
59,808
126,632
At 31 March 2025
67,797
60,516
128,313
At 1 April 2024
60,827
48,457
109,284
Charge for the year
1,743
2,913
4,656
At 31 March 2025
62,570
51,370
113,940
At 31 March 2025
5,227
9,146
14,373
At 31 March 2024
5,997
11,351
17,348
Amounts falling due within one year
Trade debtors
167,664
248,469
Amounts due from group undertakings etc.
270,853
334,935
Accrued income and prepayments
230,131
37,237
Other debtors
214,622
7,218
Nationwide Utilities Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
58,028
60,687
Trade creditors
51,698
4,382
Taxes and social security
-
17,333
Loans from directors
220
6,144
Secured creditors due in less than one year totals £58,028 (2024: £60,687).
This has been included within bank loans, and is secured by a charge against the company's assets.
8
Creditors: amounts falling due after more than one year
2025
2024
Secured creditors due in less than one year total £ nil (2024: £51,048).
This has been included within bank loans, and is secured by a charge against the company's assets.
9
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
51,410
-
Later than one year and not later than five years
154,231
-
Later than five years
17,136
-
10
Transactions with related parties
During the year the company entered into the following transactions with related parties and the relationship is between Nationwide Utilities Limited & Pose Wimbledon Ltd & Aquila Energy Ltd.
During the previous and current year Aquila Energy Ltd held the entire issued share capital of the company, until February 2025 where new shareholders were introduced. The sole director, A Pinna, owns the entire issued share capital of Aquila Energy Ltd (previously Aquila Management Group Ltd). A Pinna is also a director of Pose Wimbledon Ltd.
At the year end the balance owed from:
Pose Wimbledon Ltd : £197,979 (2024: £93,717)
Aquila Energy Ltd: £270,853 (2024: £241,218)
During the year ended 31 March 2025 all transactions entered into between the company Aquila Energy Ltd were at arms length and on a commercial basis.
The ultimate controlling party is the director Alessandro Pinna.
Nationwide Utilities Limited
Notes to the Accounts
for the year ended 31 March 2025
12
Average number of employees
During the year the average number of employees was 14 (2024: 11).