Utilities Direct Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06135623

		31 May 2026		31 March 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		27,077

			-		27,077
CURRENT ASSETS
Stocks	5	-		1,040,011
Debtors	6	297		214,858
Cash at bank and in hand		10,021		318,680

		10,318		1,573,549
Creditors: Amounts Falling Due Within One Year	7	(4,779 )		(1,401,856 )

NET CURRENT ASSETS (LIABILITIES)			5,539		171,693

TOTAL ASSETS LESS CURRENT LIABILITIES			5,539		198,770

Creditors: Amounts Falling Due After More Than One Year	8		-		(18,912 )

NET ASSETS			5,539		179,858

CAPITAL AND RESERVES
Called up share capital	10		3		3
Capital redemption reserve			1		1
Profit and Loss Account			5,535		179,854

SHAREHOLDERS' FUNDS			5,539		179,858

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Utilities Direct Limited

Balance Sheet (continued)

As At 31 May 2026

For the period ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

M Sheppard

Director

24th July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Utilities Direct Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06135623 . The registered office is 1st Floor 22 Queensbridge, Northampton, Northamptonshire, NN4 7BF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Utilities Direct Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 31 May 2026

2.6. Taxation

The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.

The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 31 May 2026.

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.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 6 (2025: 6)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	14,062	60,485	21,109	37,184	132,840
Disposals	(14,062 )	(60,485 )	(21,109 )	(37,184 )	(132,840 )

As at 31 May 2026	-	-	-	-	-

Depreciation
As at 1 April 2025	12,289	39,814	16,773	36,887	105,763
Provided during the period	343	14,602	839	115	15,899
Disposals	(12,632 )	(54,416 )	(17,612 )	(37,002 )	(121,662 )

As at 31 May 2026	-	-	-	-	-

Net Book Value
As at 31 May 2026	-	-	-	-	-

As at 1 April 2025	1,773	20,671	4,336	297	27,077

5. Stocks

	31 May 2026	31 March 2025
	£	£
Stock	-	212,069
Work in progress	-	827,942

	-	1,040,011

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Utilities Direct Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2025 to 31 May 2026

6. Debtors

	31 May 2026	31 March 2025
	£	£
Due within one year
Trade debtors	-	187,456
Other debtors	297	27,402

	297	214,858

7. Creditors: Amounts Falling Due Within One Year

	31 May 2026	31 March 2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	4,676
Trade creditors	-	120,521
Other creditors	4,779	1,264,514
Taxation and social security	-	12,145

	4,779	1,401,856

8. Creditors: Amounts Falling Due After More Than One Year

	31 May 2026	31 March 2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	18,912

9. Obligations Under Finance Leases and Hire Purchase

	31 May 2026	31 March 2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	4,676
Later than one year and not later than five years	-	18,912

	-	23,588

	-	23,588

10. Share Capital

Allotted, issued and fully paid:

Number	Class	Nominal Value	2024	2023
			p	p

64	A 1p	£0.01	64	64
64	B 1p	£0.01	64	64
64	C 1p	£0.01	64	64
64	D 1p	£0.01	64	64
64	E 1p	£0.01	64	64

			320	320

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