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REGISTERED NUMBER: 10007651 (England and Wales)

| Home Utility Group Limited |

| Financial Statements |

| for the Period 1 April 2024 to 30 March 2025 |

Home Utility Group Limited (Registered number: 10007651)

Contents of the Financial Statements

for the Period 1 April 2024 to 30 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Home Utility Group Limited

Company Information

for the Period 1 April 2024 to 30 March 2025

| DIRECTORS: | Mr K M Carney

| Mr N A Davis

| REGISTERED OFFICE: | Unit 7a

| Asquith Avenue Business Park

| Morley

| Leeds

| West Yorkshire

| LS27 7RZ

| REGISTERED NUMBER: | 10007651 (England and Wales)

| ACCOUNTANTS: | SMH Jolliffe Cork Ltd

| Accountants & Business Advisors

| 33 George Street

| Wakefield

| West Yorkshire

| WF1 1LX

Home Utility Group Limited (Registered number: 10007651)

Balance Sheet

30 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 22,240 |  | 32,756 |  |

Tangible assets | 5 | 116,238 |  | 200,927 |  |

138,478 |  | 233,683 |  |

CURRENT ASSETS

Debtors | 6 | 434,183 |  | 832,151 |  |

Cash at bank | 368,650 |  | 433,570 |  |

802,833 |  | 1,265,721 |  |

CREDITORS

Amounts falling due within one year | 7 | 892,655 |  | 817,339 |  |

NET CURRENT (LIABILITIES)/ASSETS | (89,822 | ) | 448,382 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 48,656 |  | 682,065 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (52,627 | ) | (133,800 | ) |

PROVISIONS FOR LIABILITIES | (30,279 | ) | (50,231 | ) |

NET (LIABILITIES)/ASSETS | (34,250 | ) | 498,034 |  |

Home Utility Group Limited (Registered number: 10007651)

Balance Sheet - continued

30 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Share premium | 12 | 29,980 |  | 29,980 |  |

Retained earnings | 12 | (64,330 | ) | 467,954 |  |

SHAREHOLDERS' FUNDS | (34,250 | ) | 498,034 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2026 and were signed on its behalf by:

Mr K M Carney - Director

Home Utility Group Limited (Registered number: 10007651)

Notes to the Financial Statements

for the Period 1 April 2024 to 30 March 2025

1. | STATUTORY INFORMATION

| Home Utility Group 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 functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue is recognised with reference to the stage of completion of the installation, service or repair.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Trademarks are being amortised evenly over their estimated useful life of ten years.

| Website is being amortised evenly over its estimated useful life of five years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 15% on cost

| Fixtures and fittings | - | 15% on cost

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on cost

| Fixed assets are initially recorded at cost.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

| 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.

Home Utility Group Limited (Registered number: 10007651)

Notes to the Financial Statements - continued

for the Period 1 April 2024 to 30 March 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against profits 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.

| Going concern

| The company had net liabilities at the balance sheet date..The directors have assessed the situation and having considered future cash flow and profitability forecasts are satisfied that the going concern basis is appropriate.

| Employee ownership trust

| HUG Employee Ownership Trust has been established with the object of ensuring that shares in the company are held for the benefit of the company's employees and that the eligible employees shall have an interest in the company's business.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 32 (2024 - 36 ) .

Home Utility Group Limited (Registered number: 10007651)

Notes to the Financial Statements - continued

for the Period 1 April 2024 to 30 March 2025

4. | INTANGIBLE FIXED ASSETS

| Trademarks |  | Website |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 30 March 2025 | 3,100 |  | 74,866 |  | 77,966 |  |

| AMORTISATION

| At 1 April 2024 | 1,860 |  | 43,350 |  | 45,210 |  |

| Amortisation for period | 250 |  | 10,266 |  | 10,516 |  |

| At 30 March 2025 | 2,110 |  | 53,616 |  | 55,726 |  |

| NET BOOK VALUE

| At 30 March 2025 | 990 |  | 21,250 |  | 22,240 |  |

| At 31 March 2024 | 1,240 |  | 31,516 |  | 32,756 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2024 | 21,835 |  | 3,210 |  | 298,965 |  | 10,794 |  | 334,804 |  |

| Additions | 2,143 |  | - |  | - |  | - |  | 2,143 |  |

| Disposals | - |  | - |  | (90,250 | ) | - |  | (90,250 | ) |

| At 30 March 2025 | 23,978 |  | 3,210 |  | 208,715 |  | 10,794 |  | 246,697 |  |

| DEPRECIATION

| At 1 April 2024 | 14,809 |  | 1,855 |  | 107,681 |  | 9,532 |  | 133,877 |  |

| Charge for period | 2,791 |  | 203 |  | 42,835 |  | 614 |  | 46,443 |  |

| Eliminated on disposal | - |  | - |  | (49,861 | ) | - |  | (49,861 | ) |

| At 30 March 2025 | 17,600 |  | 2,058 |  | 100,655 |  | 10,146 |  | 130,459 |  |

| NET BOOK VALUE

| At 30 March 2025 | 6,378 |  | 1,152 |  | 108,060 |  | 648 |  | 116,238 |  |

| At 31 March 2024 | 7,026 |  | 1,355 |  | 191,284 |  | 1,262 |  | 200,927 |  |

Home Utility Group Limited (Registered number: 10007651)

Notes to the Financial Statements - continued

for the Period 1 April 2024 to 30 March 2025

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 April 2024 | 256,300 |  |

| Disposals | (83,250 | ) |

| At 30 March 2025 | 173,050 |  |

| DEPRECIATION

| At 1 April 2024 | 88,684 |  |

| Charge for period | 42,389 |  |

| Eliminated on disposal | (44,522 | ) |

| At 30 March 2025 | 86,551 |  |

| NET BOOK VALUE

| At 30 March 2025 | 86,499 |  |

| At 31 March 2024 | 167,616 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 430,159 |  | 558,041 |  |

| Amounts owed by related undertakings | - |  | 157,634 |  |

| Other debtors | 2,400 |  | 600 |  |

| Directors' current accounts | - |  | 112,460 |  |

| Prepayments and accrued income | 1,624 |  | 3,416 |  |

434,183 |  | 832,151 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,648 |  | 10,206 |  |

| Hire purchase contracts (see note 9) | 39,594 |  | 62,277 |  |

| Trade creditors | 376,890 |  | 443,435 |  |

| Tax | 94,385 |  | 26,449 |  |

| Social security and other taxes | 29,233 |  | 31,398 |  |

| VAT | 98,151 |  | 97,501 |  |

| Other creditors | 188,420 |  | 128,148 |  |

| Directors' current accounts | 33,618 |  | 13,500 |  |

| Accruals and deferred income | 21,716 |  | 4,425 |  |

892,655 |  | 817,339 |  |

Home Utility Group Limited (Registered number: 10007651)

Notes to the Financial Statements - continued

for the Period 1 April 2024 to 30 March 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 1,555 |  | 12,188 |  |

| Hire purchase contracts (see note 9) | 51,072 |  | 121,612 |  |

52,627 |  | 133,800 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 39,594 |  | 62,277 |  |

| Between one and five years | 51,072 |  | 121,612 |  |

90,666 |  | 183,889 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 28,880 |  | 10,240 |  |

| Between one and five years | 55,000 |  | - |  |

83,880 |  | 10,240 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 90,666 |  | 183,889 |  |

| Obligations under hire purchase agreements are secured against the asset to which they relate.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

Home Utility Group Limited (Registered number: 10007651)

Notes to the Financial Statements - continued

for the Period 1 April 2024 to 30 March 2025

12. | RESERVES

| On 31 July 2024, the shareholders of Home Utility Group Limited elected to sell 100% of their shares to its employees, through the mechanism of an Employee Ownership Trust. As a result of this transaction, Home Utility Group Limited have made payments totalling £681,500 in the period, as part of the initial consideration, through HUG Employee Onwership Trustee Limited and then to the former shareholders.

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the period ended 30 March 2025 and the year ended 31 March 2024:

2025 | 2024 |

£ | £ |

| Mr K M Carney

| Balance outstanding at start of period | 55,926 |  | 27,792 |  |

| Amounts advanced | - |  | 79,207 |  |

| Amounts repaid | (55,926 | ) | (51,073 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | - |  | 55,926 |  |

| Mr N A Davis

| Balance outstanding at start of period | 56,534 |  | 28,376 |  |

| Amounts advanced | - |  | 79,194 |  |

| Amounts repaid | (56,534 | ) | (51,036 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | - |  | 56,534 |  |