REGISTERED NUMBER: 11996148 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WARD UTILITIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Ward

Mrs J P Ward

Mrs J E Ward

REGISTERED OFFICE:

Plot J

Sidelands Farm

Little Olantigh Road, Wye

Ashford

Kent

TN25 5DQ

REGISTERED NUMBER:

11996148 (England and Wales)

ACCOUNTANTS:

Cassidys Chartered Accountants

South Stour Offices

South Stour Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Tangible assets

4

896,570

927,853

CURRENT ASSETS

Debtors

5

951,152

887,534

Cash at bank

19,001

259,948

970,153

1,147,482

CREDITORS

Amounts falling due within one year

6

823,182

597,350

NET CURRENT ASSETS

146,971

550,132

TOTAL ASSETS LESS CURRENT LIABILITIES

1,043,541

1,477,985

CREDITORS

Amounts falling due after more than one year

7

(221,275

)

(371,941

)

PROVISIONS FOR LIABILITIES

(85,050

)

(112,256

)

NET ASSETS

737,216

993,788

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

736,216

992,788

737,216

993,788

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2026 and were signed on its behalf by:

W Ward - Director

1.	STATUTORY INFORMATION

Ward Utilities Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Land and buildings

-

10% on reducing balance and 2% on cost

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Taxation

Taxation for the year 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 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.

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 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

436,281

806,994

1,243,275

Additions

-

102,292

102,292

At 31 December 2025

436,281

909,286

1,345,567

DEPRECIATION

At 1 January 2025

-

315,422

315,422

Charge for year

13,708

119,867

133,575

At 31 December 2025

13,708

435,289

448,997

NET BOOK VALUE

At 31 December 2025

422,573

473,997

896,570

At 31 December 2024

436,281

491,572

927,853

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

546,130

591,783

Other debtors

405,022

295,751

951,152

887,534

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

109,204

10,960

Hire purchase contracts

69,460

57,048

Trade creditors

368,654

321,040

Taxation and social security

39,784

3,810

Other creditors

236,080

204,492

823,182

597,350

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

109,318

Hire purchase contracts

221,275

262,623

221,275

371,941

31.12.25

31.12.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

55,370

Hire purchase

2,575

17,150

2,575

72,520

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

W Ward

Balance outstanding at start of year

90,617

15,548

Amounts advanced

75,719

90,617

Amounts repaid

(90,617

)

(15,548

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

75,719

90,617

Mrs J P Ward

Balance outstanding at start of year

-

-

Amounts advanced

24,036

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,036

-

Interest has been charged on the overdrawn loan account at 3.75%.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £73,651 (2024 - £110,000) were paid to the directors .

W Ward - Director and Shareholder

At the Balance Sheet date the company was owed by W Ward £75,719 (2024: £90,617).

J E Ward - Director and Shareholder

At the Balance Sheet date the company was owed by J Ward £24,036 (2024: £646 owed to J Ward).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is W Ward.