Caseware UK (AP4) 2024.0.164 2024.0.164 2025-09-302025-09-30104false111falseSewerage2024-10-01truefalse 09764528 2024-10-01 2025-09-30 09764528 2023-10-01 2024-09-30 09764528 2025-09-30 09764528 2024-09-30 09764528 c:Director2 2024-10-01 2025-09-30 09764528 c:RegisteredOffice 2024-10-01 2025-09-30 09764528 d:PlantMachinery 2024-10-01 2025-09-30 09764528 d:PlantMachinery 2025-09-30 09764528 d:PlantMachinery 2024-09-30 09764528 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 09764528 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-10-01 2025-09-30 09764528 d:MotorVehicles 2024-10-01 2025-09-30 09764528 d:MotorVehicles 2025-09-30 09764528 d:MotorVehicles 2024-09-30 09764528 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 09764528 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-10-01 2025-09-30 09764528 d:FurnitureFittings 2024-10-01 2025-09-30 09764528 d:FurnitureFittings 2025-09-30 09764528 d:FurnitureFittings 2024-09-30 09764528 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 09764528 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-10-01 2025-09-30 09764528 d:OfficeEquipment 2024-10-01 2025-09-30 09764528 d:OfficeEquipment 2025-09-30 09764528 d:OfficeEquipment 2024-09-30 09764528 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 09764528 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2024-10-01 2025-09-30 09764528 d:OtherPropertyPlantEquipment 2024-10-01 2025-09-30 09764528 d:OtherPropertyPlantEquipment 2025-09-30 09764528 d:OtherPropertyPlantEquipment 2024-09-30 09764528 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 09764528 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2024-10-01 2025-09-30 09764528 d:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 09764528 d:LeasedAssetsHeldAsLessee 2024-10-01 2025-09-30 09764528 d:CurrentFinancialInstruments 2025-09-30 09764528 d:CurrentFinancialInstruments 2024-09-30 09764528 d:Non-currentFinancialInstruments 2025-09-30 09764528 d:Non-currentFinancialInstruments 2024-09-30 09764528 d:CurrentFinancialInstruments d:WithinOneYear 2025-09-30 09764528 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 09764528 d:Non-currentFinancialInstruments d:AfterOneYear 2025-09-30 09764528 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 09764528 d:UKTax 2024-10-01 2025-09-30 09764528 d:UKTax 2023-10-01 2024-09-30 09764528 d:ShareCapital 2025-09-30 09764528 d:ShareCapital 2024-09-30 09764528 d:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 09764528 d:RetainedEarningsAccumulatedLosses 2025-09-30 09764528 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 09764528 d:RetainedEarningsAccumulatedLosses 2024-09-30 09764528 d:RetainedEarningsAccumulatedLosses 2023-10-01 09764528 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-09-30 09764528 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-09-30 09764528 c:OrdinaryShareClass1 2024-10-01 2025-09-30 09764528 c:OrdinaryShareClass1 2025-09-30 09764528 c:OrdinaryShareClass1 2024-09-30 09764528 c:FRS102 2024-10-01 2025-09-30 09764528 c:Audited 2024-10-01 2025-09-30 09764528 c:FullAccounts 2024-10-01 2025-09-30 09764528 c:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 09764528 d:HirePurchaseContracts d:WithinOneYear 2025-09-30 09764528 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 09764528 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-09-30 09764528 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 09764528 d:AcceleratedTaxDepreciationDeferredTax 2025-09-30 09764528 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 09764528 d:TaxLossesCarry-forwardsDeferredTax 2025-09-30 09764528 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 09764528 2 2024-10-01 2025-09-30 09764528 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-09-30 09764528 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-09-30 09764528 d:LeasedAssetsHeldAsLessee 2025-09-30 09764528 d:LeasedAssetsHeldAsLessee 2024-09-30 09764528 e:PoundSterling 2024-10-01 2025-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number:  09764528














PURE UTILITY SOLUTIONS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

 
PURE UTILITY SOLUTIONS LIMITED
 
 
COMPANY INFORMATION


Director
I W Lawson 




Registered number
09764528



Registered office
701 Clock Face Road

Widnes

WA8 3XX




Independent auditors
Langtons Professional Services Limited
Chartered Accountants & Statutory Auditors

The Plaza

100 Old Hall Street

Liverpool

Merseyside

L3 9QJ





 
PURE UTILITY SOLUTIONS LIMITED
 

CONTENTS



Page
Strategic report
 
1 - 2
Director's report
 
3 - 4
Independent auditors' report
 
5 - 8
Statement of income and retained earnings
 
9
Balance sheet
 
10 - 11
Analysis of net debt
 
12
Notes to the financial statements
 
13 - 26

 
PURE UTILITY SOLUTIONS LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025

Business review
 
Pure Utility Solutions Limited is a leading provider of specialist drainage solutions in the UK. The company offers a comprehensive range of services, including drain unblocking, CCTV surveys, drain repairs, and preventative maintenance, serving both residential and commercial clients.

In 2025, the company continued to expand its operations, investing in advanced technology and strengthening its workforce to meet increasing demand. Despite ongoing economic challenges, the company has maintained a strong market position, driven by its commitment to service excellence, innovation, and customer satisfaction.

Financial Performance

For the year ended 30 September 2025, the company reported revenue of £11,455,479 representing a 8.4% increase compared to £10,568,735 in 2024. This growth was primarily attributed to increased customer demand, new contracts and adverse weather conditions. 

Gross profit for the year was £2,533,554, with a gross profit margin of 22% (2024: 24%). The decline in gross margin was due to changes in market conditions and increased labour costs.

Operating profit stood at £940,705 (2024: £842,187), reflecting the current year investment in new equipment.

Net profit after tax amounted to £543,113, compared to £585,574 in 2024. The company's financial position remains strong, with a closing cash balance of £2,068,726 and net assets of £5,937,804.

Future Outlook

Looking ahead, the company is committed to strengthening its market position through:

• Continued investment in innovative drainage solutions.
• Expansion into new regional markets.
• Enhancing workforce skills through targeted training programs.
• Further improving sustainability practices.

The Board remains confident in the company's ability to deliver sustained growth and profitability in 2026 and beyond.

Principal risks and uncertainties
 
The management of the business and the execution of the company's strategy are subject to the normal commercial risks of our market sector.

The key risks facing the business continue to relate to fuel costs, vehicle availability, staff retention, and general economic conditions. These risks are mitigated through pricing reviews, planned maintenance programmes, and investment in equipment. The directors expect trading conditions to remain stable in the forthcoming year and are satisfied with the company’s overall financial position and prospects.

Financial key performance indicators
 
The company uses a range of industry specific, tailored KPIs to monitor the company's profitability and working capital requirements. 

Page 1

 
PURE UTILITY SOLUTIONS LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025


This report was approved by the board on 24 June 2026 and signed on its behalf.



I W Lawson
Director
Page 2

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025

The director presents his report and the financial statements for the year ended 30 September 2025.

Director's responsibilities statement

The director is responsible for preparing the Strategic report, the Director's report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is 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 director is required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments 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 director is 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 to enable him to ensure that the financial statements comply with the Companies Act 2006He is 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.

Results and dividends

The profit for the year, after taxation, amounted to £543,113 (2024 - £585,574).

No dividends were paid in the year (2024 - nil).

Director

The director who served during the year was:

I W Lawson 

Disclosure of information to auditors

The director at the time when this Director's report is approved has confirmed that:
 
so far as he is aware, there is no relevant audit information of which the Company's auditors are unaware, and

he has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditorsLangtons Professional Services Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Page 3

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025

This report was approved by the board and signed on its behalf.
 





I W Lawson
Director

Date: 24 June 2026
Page 4

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PURE UTILITY SOLUTIONS LIMITED
 

Opinion


We have audited the financial statements of Pure Utility Solutions Limited (the 'Company') for the year ended 30 September 2025, which comprise the Statement of income and retained earnings, the Analysis of net debt, the Balance sheet and the related notes, including a summary of significant accounting policiesThe 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 30 September 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 United Kingdom, including the Financial Reporting Council'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 director's 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 director with respect to going concern are described in the relevant sections of this report.


Page 5

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PURE UTILITY SOLUTIONS LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The director is responsible for the other information contained within the Annual ReportOur 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. 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 course of 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.


Opinion 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 Director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Director's 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 Director's report.


We have nothing to report in respect of the following matters in relation to which 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 director's 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 Director's responsibilities statement set out on page 3, the director is 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 director determines is 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 director is 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 director either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.


Page 6

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PURE UTILITY SOLUTIONS LIMITED (CONTINUED)


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 an Auditors' report 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.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: 

• to identify and assess the risks of material misstatement of the financial statements due to fraud; 
• to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due
 to fraud, through designing and implementing appropriate responses; and 
• to respond appropriately to fraud or suspected fraud identified during the audit. 

However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. 

Our approach was as follows: 

We obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and determined that the most significant are those that relate to the reporting framework (FRS 102 and the Companies Act 2006), the relevant tax compliance regulations in the UK and the EU General Data Protection Regulation (GDPR). 

We understood how the Company is complying with those frameworks by making enquiries of management.
 
Through consideration of the results of our audit procedures we were able to either corroborate or provide contrary evidence which was then followed up.

Based on our understanding we designed our audit procedures to identify non-compliance with laws and regulations. Our procedures involved: 

• Enquiries of management; and
• Journal entry testing, with a focus on journals indicating large or unusual transactions based on our 
          understanding of the business.

We assessed the susceptibility of the Company’s financial statements to material misstatement, including how fraud might occur by meeting with management to understand where it considered there was susceptibility to fraud. 

We also considered performance targets and their propensity to influence efforts made by management to manage revenue and earnings. 

Where the risk was considered to be higher, including areas impacting key performance indicators or management remuneration, we performed audit procedures to address each identified fraud risk or other risk of
Page 7

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PURE UTILITY SOLUTIONS LIMITED (CONTINUED)


material misstatement. These procedures included those on revenue recognition detailed above, the assessment of items identified by management as non-recurring and testing manual journals and were designed to provide reasonable assurance that the financial statements were free from material fraud or error.


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 Auditors' report.


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 2006Our 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 an Auditors' report 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.





Eifion Roberts (Senior statutory auditor)
  
for and on behalf of
Langtons Professional Services Limited
 
Chartered Accountants & Statutory Auditors
  
The Plaza
100 Old Hall Street
Liverpool
Merseyside
L3 9QJ

24 June 2026
Page 8

 
PURE UTILITY SOLUTIONS LIMITED
 
 
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2025
2024

  

Turnover
 4 
11,455,479
10,568,735

Cost of sales
  
(8,921,926)
(8,037,486)

Gross profit
  
2,533,553
2,531,249

Administrative expenses
  
(1,592,849)
(1,689,062)

Operating profit
 5 
940,704
842,187

Interest receivable and similar income
 9 
55,695
48,620

Interest payable and similar expenses
 10 
(262,021)
(111,943)

Profit before tax
  
734,378
778,864

Tax on profit
 11 
(191,265)
(193,290)

Profit after tax
  
543,113
585,574

  

  

Retained earnings at the beginning of the year
  
5,394,591
4,809,017

  
5,394,591
4,809,017

Profit for the year
  
543,113
585,574

Retained earnings at the end of the year
  
5,937,704
5,394,591
There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of income and retained earnings.

The notes on pages 13 to 26 form part of these financial statements.

Page 9

 
PURE UTILITY SOLUTIONS LIMITED
REGISTERED NUMBER: 09764528

BALANCE SHEET
AS AT 30 SEPTEMBER 2025

2025
2024
Note

Fixed assets
  

Tangible assets
 12 
4,599,255
3,792,532

  
4,599,255
3,792,532

Current assets
  

Stocks
 13 
984,481
332,129

Debtors: amounts falling due within one year
 14 
3,317,741
2,791,878

Cash at bank and in hand
 15 
2,068,726
2,164,707

  
6,370,948
5,288,714

Creditors: amounts falling due within one year
 16 
(2,111,356)
(1,269,477)

Net current assets
  
 
 
4,259,592
 
 
4,019,237

Total assets less current liabilities
  
8,858,847
7,811,769

Creditors: amounts falling due after more than one year
 17 
(1,981,235)
(1,514,602)

Provisions for liabilities
  

Deferred tax
 20 
(939,808)
(902,476)

  
 
 
(939,808)
 
 
(902,476)

Net assets
  
5,937,804
5,394,691


Capital and reserves
  

Called up share capital 
 21 
100
100

Profit and loss account
 22 
5,937,704
5,394,591

  
5,937,804
5,394,691

Page 10

 
PURE UTILITY SOLUTIONS LIMITED
REGISTERED NUMBER: 09764528
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



I W Lawson
Director

Date: 24 June 2026

The notes on pages 13 to 26 form part of these financial statements.

Page 11

 
PURE UTILITY SOLUTIONS LIMITED
 

ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 30 SEPTEMBER 2025




At 1 October 2024
Cash flows
At 30 September 2025



Cash at bank and in hand

2,164,707

(95,981)

2,068,726

Debt due within 1 year

(48,826)

36,428

(12,398)

Finance leases

(2,186,169)

(608,693)

(2,794,862)


(70,288)
(668,246)
(738,534)

The notes on pages 13 to 26 form part of these financial statements.
Page 12

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no.09764528). The address of the registered office is 701 Clock Face Road, Widnes, Cheshire, WA8 3XX.

These financial statements present the results of Pure Utility Solutions Limited as an individual entity. The principal activity of the company is that of drain and sewage specialists. Copies of the parent company group accounts may be obtained from Companies House, Cardiff, CF14 3UZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The presentation currency of these financial statements is pound sterling; the financial statements
are rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 13

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 14

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
20%
reducing balance
Motor vehicles
-
20%
reducing balance
Fixtures & fittings
-
20%
reducing balance
Office equipment
-
33%
reducing balance
Assets under construction
-
not depreciated in current year

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 15

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 
Page 16

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)


2.15
Financial instruments (continued)


Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the
Page 17

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)


2.15
Financial instruments (continued)

transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The directors have made judgements regarding the depreciation of fixed assets and the value of bad debts.


4.


Turnover

The whole of the turnover is attributable to the principal activity of the company.

All turnover arose within the United Kingdom.


5.


Operating profit

The operating profit is stated after charging:

2025
2024

Other operating lease rentals
129,918
32,376


6.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2025
2024

Fees payable to the Company's auditors for the audit of the Company's financial statements
14,200
13,500

Page 18

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

7.


Employees

2025
2024

Wages and salaries
4,148,106
4,423,496

Social security costs
461,640
408,047

Cost of defined contribution scheme
61,108
58,218

4,670,854
4,889,761


The average monthly number of employees, including the director, during the year was as follows:


        2025
        2024
            No.
            No.







Direct Staff
82
89



Indirect Staff
22
22

104
111


8.


Director's remuneration

2025
2024

Director's emoluments
33,214
65,500

Company contributions to defined contribution pension schemes
675
1,331

33,889
66,831


During the year retirement benefits were accruing to one director (2024 - one director) in respect of defined contribution pension schemes.


9.


Interest receivable

2025
2024


Other interest receivable
55,695
48,620

55,695
48,620

Page 19

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

10.


Interest payable and similar expenses

2025
2024


Finance leases and hire purchase contracts
262,021
111,943

262,021
111,943


11.


Taxation


2025
2024

Corporation tax


Current tax on profits for the year
153,933
118,575


153,933
118,575


Total current tax
153,933
118,575

Deferred tax


Origination and reversal of timing differences
37,332
74,715

Total deferred tax
37,332
74,715


Tax on profit
191,265
193,290

Factors affecting tax charge for the year

The tax assessed for the year is lower than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:

2025
2024


Profit on ordinary activities before tax
734,378
778,864


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
183,595
194,716

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
6,014
2,646

Other differences leading to an increase (decrease) in the tax charge
1,656
(4,072)

Total tax charge for the year
191,265
193,290

Page 20

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

12.


Tangible fixed assets


Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Assets under construction



Cost or valuation


At 1 October 2024
603,646
5,278,206
13,178
73,774
-


Additions
80,691
994,660
433
20,109
626,980


Disposals
(3,142)
(3,600)
-
-
-



At 30 September 2025

681,195
6,269,266
13,611
93,883
626,980



Depreciation


At 1 October 2024
174,551
1,952,227
2,761
46,732
-


Charge for the year on owned assets
88,598
142,689
2,156
12,206
-


Charge for the year on financed assets
-
664,457
-
-
-


Disposals
(397)
(300)
-
-
-



At 30 September 2025

262,752
2,759,073
4,917
58,938
-



Net book value



At 30 September 2025
418,443
3,510,193
8,694
34,945
626,980



At 30 September 2024
429,095
3,325,978
10,417
27,042
-
Page 21

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

           12.Tangible fixed assets (continued)


Total



Cost or valuation


At 1 October 2024
5,968,804


Additions
1,722,873


Disposals
(6,742)



At 30 September 2025

7,684,935



Depreciation


At 1 October 2024
2,176,271


Charge for the year on owned assets
245,649


Charge for the year on financed assets
664,457


Disposals
(697)



At 30 September 2025

3,085,680



Net book value



At 30 September 2025
4,599,255



At 30 September 2024
3,792,532

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2025
2024



Motor vehicles
3,496,297
2,839,491

3,496,297
2,839,491

Page 22

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

13.


Stocks

2025
2024

Work in progress
984,481
332,129

984,481
332,129



14.


Debtors

2025
2024


Trade debtors
1,644,597
1,851,085

Amounts owed by group undertakings
1,216,740
862,882

Other debtors
196,748
2,841

Prepayments and accrued income
259,656
27,138

Tax recoverable
-
47,932

3,317,741
2,791,878



15.


Cash and cash equivalents

2025
2024

Cash at bank and in hand
2,068,726
2,164,707

2,068,726
2,164,707



16.


Creditors: Amounts falling due within one year

2025
2024

Trade creditors
667,215
208,036

Amounts owed to group undertakings
157,209
20,823

Corporation tax
105,225
69,143

Other taxation and social security
104,166
69,575

Obligations under finance lease and hire purchase contracts
813,627
671,567

Other creditors
163,088
114,954

Accruals and deferred income
100,826
115,379

2,111,356
1,269,477


Page 23

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

17.


Creditors: Amounts falling due after more than one year

2025
2024

Net obligations under finance leases and hire purchase contracts
1,981,235
1,514,602

1,981,235
1,514,602


The following liabilities were secured:

2025
2024



Net obligations under finance leases and hire purchase contracts
2,676,862
2,186,169

2,676,862
2,186,169

Details of security provided:

Net obligations under finance leases and hire purchase contracts are secured on the assets concerned.


18.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2025
2024


Within one year
957,338
671,567

Between 1-5 years
2,110,537
1,813,882

3,067,875
2,485,449


19.


Financial instruments

2025
2024

Financial assets


Financial assets measured at fair value through profit or loss
2,068,726
2,164,707




Financial assets measured at fair value through profit or loss comprise of cash at bank.
Page 24

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

20.


Deferred taxation




2025





At beginning of year
(902,476)


Charged to profit or loss
(37,332)



At end of year
(939,808)

The provision for deferred taxation is made up as follows:

2025
2024


Fixed asset timing differences
(943,035)
(906,991)

Short term timing differences
3,227
4,515

(939,808)
(902,476)


21.


Share capital

2025
2024
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100



22.


Reserves

Profit & loss account

The profit and loss account represents all accumulated profits.


23.


Pension commitments

The Company operates a defined contributions pension scheme. 

The assets of the scheme are held separately from those of the Company  in an independently administered fund.

The pension cost charge represents contributions payable by the Company to the fund and amounted to £61,108 (2024: £58,361).

Contributions totalling £20,037 (2024: £13,395) were payable to the fund at the balance sheet date and are included in creditors.

Page 25

 
PURE UTILITY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

24.


Related party transactions

Included in other creditors is an amount of £12,398 due to (2024: £48,826) I W Lawson, a director.

Included in other debtors is an amount of £157,209 (2024: £20,823 due to) due from North West Envirotruck Ltd, a company under common control.
 
Included in other debtors is an amount of £772,021 (2024: £862,752) due from Pure Engineering Holdings Ltd, the ultimate parent company. 

Included in other debtors is an amount of £444,271 (2024: £130) due from Pure Auto Solutions Ltd (previously Pure Environmental Solutions Ltd), a company under common control.

Included in other debtors is an amount of £50 (2024: £nil) due from Pure Fabrication Solutions Ltd, a company under common control.

Included in other debtors is an amount of £3,316 (2024: £nil) due from DPG Support Services Ltd, a company under common control.


25.


Controlling party

Pure Engineering Holdings Limited is regarded by the directors as being the company's ultimate parent company. 

Copies of the accounts of Pure Engineering Holdings Limited may be obtained from Companies House, Cardiff, CH14 3UZ.

The ultimate controlling party is I W Lawson, by virtue of his shareholding in the company's parent undertaking. 

 
Page 26