Vernon Morris Utility Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06979294 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Vernon Morris Utility Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr W Jones

Mr R M Thomas

Mr K D Tilston

Ms T A Woolley

REGISTERED OFFICE:

Airfield View,

Hawarden Industrial Park,

Deeside

CH5 3QW

REGISTERED NUMBER:

06979294 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

2 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

13,530

13,531

13,530

13,531

CURRENT ASSETS

Stocks

185,258

203,525

Debtors

6

1,030,877

987,961

Cash at bank and in hand

518,962

443,201

1,735,097

1,634,687

CREDITORS

Amounts falling due within one year

7

223,686

265,747

NET CURRENT ASSETS

1,511,411

1,368,940

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,524,941

1,382,471

PROVISIONS FOR LIABILITIES

3,382

-

NET ASSETS

1,521,559

1,382,471

CAPITAL AND RESERVES

Called up share capital

102

Retained earnings

1,521,457

1,382,369

SHAREHOLDERS' FUNDS

1,521,559

1,382,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

Mr W Jones - Director

1.	STATUTORY INFORMATION

Vernon Morris Utility Solutions 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.

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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold land and buildings Over the term of the lease

Plant and equipment 25% reducing balance

Fixtures and fittings 25% reducing balance

Motor vehicles 25% reducing balance

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 Statement of Income and Retained Earnings, 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

21,500

AMORTISATION

At 1 January 2025

and 31 December 2025

21,500

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

52,870

Additions

4,681

Disposals

(644

)

At 31 December 2025

56,907

DEPRECIATION

At 1 January 2025

39,339

Charge for year

4,578

Eliminated on disposal

(540

)

At 31 December 2025

43,377

NET BOOK VALUE

At 31 December 2025

13,530

At 31 December 2024

13,531

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

85,585

216,921

Amounts owed by associates

924,596

753,740

Other debtors

20,696

17,300

1,030,877

987,961

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

39,383

197,511

Amounts owed to associates

35,440

-

Taxation and social security

144,314

64,033

Other creditors

4,549

4,203

223,686

265,747

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

Within one year

38,000

Between one and five years

107,667

145,667

183,667

9.	RELATED PARTY DISCLOSURES

All transactions with related parties have been concluded under normal market conditions and accordingly no disclosure of these transactions has been made.

KRY Holdings Ltd is a 100% shareholder of:

Commercial & Industrial Gauges Limited

F. & A. Dunbar Limited

Remac Utility Services Ltd

Vernon Morris Utility Solutions Limited

CIG Group Properties Ltd

Within debtors at the year end are the following balances with group companies

Commercial & Industrial Gauges Limited £365,182 (2024 - £194,068)

CIG Group Properties Ltd £559,414 (2024 - £559,414)

Within creditors at the year end are the following balances with group companies

KRY Holdings Ltd £34,506 (2024 - nil)

F. & A. Dunbar Limited £934 (2024 - nil)

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of KRY Holdings Ltd.

The ultimate controlling party is the directors of KRY Holdings Ltd acting in concert.