Utility Stream (USL) Limited

	Page
Company Information	1
Statement of Financial Position	2—3
Notes to the Financial Statements	4—6

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Statement of Financial Position

As At 31 December 2025

Statement of Financial Position

Registered number: 11295930

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		3,846		5,128
Tangible Assets	5		25,779		24,511

			29,625		29,639
CURRENT ASSETS
Debtors	6	2,007,334		1,767,747
Cash at bank and in hand		537,684		280,654

		2,545,018		2,048,401
Creditors: Amounts Falling Due Within One Year	7	(2,866,392 )		(2,280,828 )

NET CURRENT ASSETS (LIABILITIES)			(321,374 )		(232,427 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(291,749 )		(202,788 )

Creditors: Amounts Falling Due After More Than One Year	8		(379,527 )		(483,542 )

NET LIABILITIES			(671,276 )		(686,330 )

CAPITAL AND RESERVES
Called up share capital	9		150		143
Share premium account			224,957		224,957
Income Statement			(896,383 )		(911,430 )

SHAREHOLDERS' FUNDS			(671,276)		(686,330)

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Utility Stream (USL) Limited

Statement of Financial Position (continued)

As At 31 December 2025

For the year ending 31 December 2025 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 Income Statement.

On behalf of the board

Mr N A Qayyum

Director

29 July 2026

The notes on pages 4 to 6 form part of these financial statements.

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Utility Stream (USL) Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Utility Stream (USL) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11295930 . The registered office is 1-2 Pegasus House, Pegasus Court, Warwick, Warwickshire, CV34 6LW.

2. Accounting Policies

2.1. Basis of Preparation of 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.

2.2. Going Concern Disclosure

The financial statements have been prepared on the going concern basis. This basis is considered

appropriate as the directors and shareholders have indicated that they will continue to provide financial

support to the company as necessary for the foreseeable future.

2.3. 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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

2.5. Tangible Fixed Assets and Depreciation

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

useful life.

Short Leasehold	10% on cost
Fixtures & Fittings	33% on cost
Computer Equipment	33% on cost

3. Average Number of Employees

Average number of employees, including directors, during the year was: 18 (2024: 15)

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Utility Stream (USL) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Other intangible assets
	£
Cost
As at 1 January 2025	6,410

As at 31 December 2025	6,410

Amortisation
As at 1 January 2025	1,282
Provided during the period	1,282

As at 31 December 2025	2,564

Net Book Value
As at 31 December 2025	3,846

As at 1 January 2025	5,128

5. Tangible Assets

	Land & Property
	Short Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	23,484	17,383	25,331	66,198
Additions	-	6,510	4,580	11,090

As at 31 December 2025	23,484	23,893	29,911	77,288

Depreciation
As at 1 January 2025	8,741	16,690	16,256	41,687
Provided during the period	2,348	1,655	5,819	9,822

As at 31 December 2025	11,089	18,345	22,075	51,509

Net Book Value
As at 31 December 2025	12,395	5,548	7,836	25,779

As at 1 January 2025	14,743	693	9,075	24,511

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Utility Stream (USL) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,966,690	1,725,796
Other debtors	26,144	27,451

	1,992,834	1,753,247
Due after more than one year
Other debtors	14,500	14,500

	2,007,334	1,767,747

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	15,489	32,324
Bank loans and overdrafts	4,818	4,818
Other creditors	2,423,247	1,899,657
Taxation and social security	422,838	344,029

	2,866,392	2,280,828

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

	2025	2024
	£	£
Bank loans	4,527	8,542
Other loans	375,000	475,000

	379,527	483,542

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	150	143

10. Ultimate Controlling Party

The Company is controlled by the Mr N Qayyum and Mr M Edwards.

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Directors	Mr M J Edwards
	Mr N A Qayyum
	Mr P R White

Company Number	11295930

Registered Office	1-2 Pegasus House
	Pegasus Court
	Warwick
	Warwickshire
	CV34 6LW

Accountants	Pentlands Accountants & Advisors Ltd
	Chartered Certified Accountants
	3 & 4 Pegasus House
	Pegasus Court, Olympus Avenue
	Warwick
	CV34 6LW