REGISTERED NUMBER: 08427885 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Wills Utilities Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L Williams

Mrs M Williams

REGISTERED OFFICE:

794 High Street

Kingswinford

West Midlands

DY6 8BQ

REGISTERED NUMBER:

08427885 (England and Wales)

ACCOUNTANTS:

Dalton Pardoe Limited

Chartered Accountants

794 High Street

Kingswinford

West Midlands

DY6 8BQ

FIXED ASSETS

Tangible assets

4

46,948

48,833

CURRENT ASSETS

Debtors

5

12,185

54,960

Cash at bank

5,024

8,759

17,209

63,719

CREDITORS

Amounts falling due within one year

6

37,874

63,156

NET CURRENT (LIABILITIES)/ASSETS

(20,665

)

563

TOTAL ASSETS LESS CURRENT LIABILITIES

26,283

49,396

CREDITORS

Amounts falling due after more than one year

7

(17,327

)

(30,008

)

PROVISIONS FOR LIABILITIES

8

(8,920

)

(8,708

)

NET ASSETS

36

10,680

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(64

)

10,580

SHAREHOLDERS' FUNDS

36

10,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 16 August 2026 and were signed on its behalf by:

L Williams - Director

1.	STATUTORY INFORMATION

Wills 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.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

30,267

728

69,699

2,638

103,332

Additions

2,000

-

11,000

-

13,000

At 31 March 2026

32,267

728

80,699

2,638

116,332

DEPRECIATION

At 1 April 2025

19,591

248

32,355

2,305

54,499

Charge for year

2,536

96

12,086

167

14,885

At 31 March 2026

22,127

344

44,441

2,472

69,384

NET BOOK VALUE

At 31 March 2026

10,140

384

36,258

166

46,948

At 31 March 2025

10,676

480

37,344

333

48,833

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Amounts owed by associates

12,000

30,500

Other debtors

-

24,460

Directors' current accounts

185

-

12,185

54,960

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

5,000

5,000

Hire purchase contracts

10,452

10,452

Trade creditors

498

-

Tax

1,734

10,208

Social security and other taxes

16,181

-

VAT

2,560

5,166

Directors' current accounts

-

30,932

Accrued expenses

1,449

1,398

37,874

63,156

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

2,500

5,000

Bank loans - 2-5 years

-

2,500

Hire purchase contracts

14,827

22,508

17,327

30,008

8.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

8,920

8,708

Deferred

tax

£

Balance at 1 April 2025

8,708

Charge to Income Statement during year

212

Balance at 31 March 2026

8,920

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2025

10,580

Profit for the year

6,256

Dividends

(16,900

)

At 31 March 2026

(64

)

11.	ULTIMATE CONTROLLING PARTY

The controlling party is L Williams.