REGISTERED NUMBER: 07199980 (England and Wales)

D J Utilities Limited

Strategic Report, Directors' Report and

Financial Statements for the Year Ended 31 March 2025

Page

Company information

1

Strategic report

2

Directors' report

3

Report of the independent auditors

4

Income statement

8

Other comprehensive income

9

Statement of financial position

10

Statement of changes in equity

11

Statement of cash flows

12

Notes to the statement of cash flows

13

Notes to the financial statements

14

Directors:

D Parsons

J Purse

Registered office:

Lawshall

Lawshalls Lane

Colne Engaine

Colchester

Essex

CO6 2HU

Registered number:

07199980 (England and Wales)

Auditors:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

Bankers:

Santander

Bridle Road

Bootle

Merseyside

L30 4GB

The directors present their strategic report for the year ended 31 March 2025.

Principle activities

The company is predominately a gas replacement contractor and also provides numerous types of surfacing works. The principal activity has remained consistent throughout the year.

Business review

The company delivered a steady performance during the year, achieving turnover of £15,006,946 (2024: £14,978,711) and a profit before tax of £1,240,769 (2024: £1,666,763).

The slight decrease in profit reflects increased administrative expenses during the year as a result of inflation.

Financial position

The company continues to maintain a strong financial position, with gross profit of £5,567,584 (2024: £5,548,374) and a profit for the year of £924,711 (2024: £1,257,564).

KPI

2025

2024 (as restated)

Turnover / Revenue

£15,006,946

£14,978,711

Gross Profit

£5,567,584

£5,548,374

Gross Profit Margin

37.1%

37.0%

Operating Profit

£1,265,230

£1,701,944

Operating Profit Margin

8.4%

11.4%

Profit Before Tax

£1,240,769

£1,666,763

Profit for the Year

£924,711

£1,257,564

Principal risks and uncertainties

The company is exposed to a small number of key risks, including:

Reliance on a limited number of clients - loss of a major client could impact turnover, however the company has secured a contract on a major customer for a further 5 years.

Liquidity risk - The company manages its liquidity risk by maintaining a prudent cash balance and ensuring sufficient financial headroom to meet operational needs.

Economic and Market Conditions - Changes in the wider economic environment, including inflation, labour costs, and the cost of materials, can impact project profitability. Increased demand for gas network improvements or regulatory requirements may create opportunities but also pressure on resources.

Regulatory and Safety Compliance - The gas industry is tightly regulated. Compliance with safety standards and regulatory requirements is critical. Changes in regulations could increase operational costs or require additional investment in workforce training and equipment.

Future outlook

The directors anticipate continued stable growth in the coming year and plan to focus on maintaining strong client relationships while exploring opportunities for new business development.

On behalf of the board:

D Parsons - Director

22 December 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

Dividends

Particulars of recommended dividends are detailed in note 8 to the financial statements.

Directors

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

D Parsons

J Purse

Statement of directors' responsibilities

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

The auditors, Moore Thompson, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

D Parsons - Director

22 December 2025

Opinion

We have audited the financial statements of D J Utilities Limited (the 'company') for the year ended 31 March 2025 which comprise the Income statement, Other comprehensive income, Statement of financial position, Statement of changes in equity, Statement of cash flows and Notes to the statement of cash flows, Notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic report and the Directors' report, but does not include the financial statements and our Report of the auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of directors' responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including such as the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims;

- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the auditors.

Other matter

The corresponding figures are unaudited.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Emma Wilson FMAAT, FCCA, ACA (Senior Statutory Auditor)

for and on behalf of Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

23 December 2025

Turnover

4

15,006,946

14,978,711

Cost of sales

9,439,362

9,430,337

Gross profit

5,567,584

5,548,374

Administrative expenses

4,302,354

3,846,430

Operating profit

6

1,265,230

1,701,944

Interest receivable and similar income

38,182

21,431

1,303,412

1,723,375

Interest payable and similar expenses

7

62,643

56,612

Profit before taxation

1,240,769

1,666,763

Tax on profit

8

316,058

409,199

Profit for the financial year

924,711

1,257,564

Profit for the year

924,711

1,257,564

Other comprehensive income

-

-

Total comprehensive income for the year

924,711

1,257,564

Note

Prior year adjustment

10

52,377

Total comprehensive income since last annual report

977,088

Fixed assets

Tangible assets

11

2,194,331

2,109,632

Current assets

Stocks

12

26,680

25,434

Debtors

13

1,032,600

1,509,071

Cash at bank

4,534,841

3,789,469

5,594,121

5,323,974

Creditors

Amounts falling due within one year

14

1,908,984

1,863,641

Net current assets

3,685,137

3,460,333

Total assets less current liabilities

5,879,468

5,569,965

Creditors

Amounts falling due after more than one year

15

(535,885

)

(678,789

)

Provisions for liabilities

18

(541,071

)

(513,375

)

Net assets

4,802,512

4,377,801

Capital and reserves

Called up share capital

19

100

100

Retained earnings

20

4,802,412

4,377,701

Shareholders' funds

4,802,512

4,377,801

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

D Parsons - Director

J Purse - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

100

3,340,137

3,340,237

Changes in equity

Dividends

-

(220,000

)

(220,000

)

Total comprehensive income

-

1,205,187

1,205,187

Balance at 31 March 2024

100

4,325,324

4,325,424

Prior year adjustment

-

52,377

52,377

As restated

100

4,377,701

4,377,801

Changes in equity

Dividends

-

(500,000

)

(500,000

)

Total comprehensive income

-

924,711

924,711

Balance at 31 March 2025

100

4,802,412

4,802,512

Cash flows from operating activities

Cash generated from operations

1

2,268,717

2,296,325

Interest element of hire purchase payments paid

(62,643

)

(56,612

)

Tax paid

(309,420

)

(25,786

)

Net cash from operating activities

1,896,654

2,213,927

Cash flows from investing activities

Purchase of tangible fixed assets

(750,275

)

(926,584

)

Sale of tangible fixed assets

26,624

-

Interest received

38,182

21,431

Net cash from investing activities

(685,469

)

(905,153

)

Cash flows from financing activities

Capital repayments in year

(117,504

)

101,632

Amount introduced by directors

151,691

-

Amount withdrawn by directors

-

(120,182

)

Equity dividends paid

(500,000

)

(220,000

)

Net cash from financing activities

(465,813

)

(238,550

)

Increase in cash and cash equivalents

745,372

1,070,224

Cash and cash equivalents at beginning of year

2

3,789,469

2,719,245

Cash and cash equivalents at end of year

2

4,534,841

3,789,469

1.	Reconciliation of profit before taxation to cash generated from operations

2025

2024

as

restated

£

£

Profit before taxation

1,240,769

1,666,763

Depreciation charges

638,232

536,537

Loss on disposal of fixed assets

720

2,249

Finance costs

62,643

56,612

Finance income

(38,182

)

(21,431

)

1,904,182

2,240,730

Increase in stocks

(1,246

)

(5,780

)

Decrease/(increase) in trade and other debtors

324,780

(477,945

)

Increase in trade and other creditors

41,001

539,320

Cash generated from operations

2,268,717

2,296,325

2.	Cash and cash equivalents

The amounts disclosed on the Statement of cash flows in respect of cash and cash equivalents are in respect of these Statement of financial position amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

4,534,841

3,789,469

Year ended 31 March 2024

31.3.24

1.4.23

as restated

£

£

Cash and cash equivalents

3,789,469

2,719,245

3.	Analysis of changes in net funds

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

3,789,469

745,372

4,534,841

3,789,469

745,372

4,534,841

Debt

Finance leases

(972,190

)

117,504

(854,686

)

(972,190

)

117,504

(854,686

)

Total

2,817,279

862,876

3,680,155

1.	Statutory information

D J 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.	Statement of compliance

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" and the Companies Act 2006.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Fixtures and fittings

-

Straight line over 3 years

Fixed assets are stated at cost (or deemed cost) less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

At each reporting date, fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.

Turnover

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2025

2024

as

restated

£

£

Sales

15,006,946

14,978,711

15,006,946

14,978,711

An analysis of turnover by geographical market is given below:

2025

2024

as

restated

£

£

United Kingdom

15,006,946

14,978,711

15,006,946

14,978,711

5.	Employees and directors

2025

2024

as

restated

£

£

Wages and salaries

1,461,243

1,176,441

Social security costs

13,263

13,976

Other pension costs

21,508

16,850

1,496,014

1,207,267

The average number of employees during the year was as follows:

2025

2024

as

restated

Direct Labour

9

15

Administrative Staff

24

23

Directors

2

2

35

40

2025

2024

as

restated

£

£

Directors' remuneration

120,000

120,000

6.	Operating profit

The operating profit is stated after charging:

2025

2024

as

restated

£

£

Hire of plant and machinery

110,323

219,939

Other operating leases

111,306

76,218

Depreciation - owned assets

638,232

536,538

Loss on disposal of fixed assets

720

2,249

Auditors' remuneration

8,000

-

7.

Interest payable and similar expenses

2025

2024

as

restated

£

£

Hire purchase

62,643

56,612