Registration number: 10912508

Carolan Utilities Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

Carolan Utilities Ltd

Company Information

Directors

Mr M Carolan Mrs K Carolan

Registered office

7 Laureate Paddocks Newmarket Suffolk CB8 0AP

Accountants

N W Accountancy Limited 7 Laureate Paddocks Newmarket Suffolk CB8 0AP

Carolan Utilities Ltd

(Registration number: 10912508)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	75,656	42,690
Current assets
Stocks	5	32,475	55,000
Debtors	6	118,421	58,324
Cash at bank and in hand		48,826	29,740
		199,722	143,064
Creditors: Amounts falling due within one year	7	(180,455)	(146,317)
Net current assets/(liabilities)		19,267	(3,253)
Total assets less current liabilities		94,923	39,437
Creditors: Amounts falling due after more than one year	7	(79,628)	(39,174)
Net assets		15,295	263
Capital and reserves
Called up share capital	8	100	100
Retained earnings		15,195	163
Shareholders' funds		15,295	263

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 May 2026 and signed on its behalf by:
 

......................................... Mr M Carolan Director

Carolan Utilities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
7 Laureate Paddocks
Newmarket
Suffolk
CB8 0AP
United Kingdom

These financial statements were authorised for issue by the Board on 25 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Carolan Utilities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Carolan Utilities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Carolan Utilities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 September 2024	63,250	30,325	93,575
Additions	58,189	-	58,189
At 31 August 2025	121,439	30,325	151,764
Depreciation
At 1 September 2024	37,616	13,269	50,885
Charge for the year	20,958	4,265	25,223
At 31 August 2025	58,574	17,534	76,108
Carrying amount
At 31 August 2025	62,865	12,791	75,656
At 31 August 2024	25,634	17,056	42,690

5

Stocks

	2025 £	2024 £
Work in progress	32,475	55,000

6

Debtors

Current	2025 £	2024 £
Trade debtors	50,590	50,520
Other debtors	67,831	7,804
	118,421	58,324

Carolan Utilities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	53,155	28,075
Trade creditors		16,736	13,356
Taxation and social security		82,134	90,223
Other creditors		28,430	14,663
		180,455	146,317

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	79,628	39,174

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

Carolan Utilities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	7,540
Hire purchase contracts	41,256	31,634
Other borrowings	38,372	-
	79,628	39,174

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	7,500	9,960
Hire purchase contracts	36,805	18,115
Other borrowings	8,850	-
	53,155	28,075

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of 700.00 (2024 - 1,190.00) per each Ordinary share		70,000		119,000

Carolan Utilities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

11	Related party transactions

Transactions with directors

2025	At 1 September 2024 £	Advances to director £	At 31 August 2025 £
Mr M Carolan
Loan to/(from) Director - unsecured, interest free and repayable on demand	(1,021)	(1,961)	(2,982)
Mrs K Carolan
Loan to/(from) Director - unsecured, interest free and repayable on demand	(1,021)	2,880	1,859

2024	At 1 September 2023 £	Advances to director £	At 31 August 2024 £
Mr M Carolan
Loan to/(from) Director - unsecured, interest free and repayable on demand	5,367	(6,388)	(1,021)
Mrs K Carolan
Loan to/(from) Director - unsecured, interest free and repayable on demand	5,366	(6,387)	(1,021)

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	12,570	12,570

Dividends paid to directors

Carolan Utilities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

		2025 £		2024 £
Mr M Carolan
Interim dividend		35,000		59,500
Mrs K Carolan
Interim dividend		35,000		59,500