Company Registration No. 06037341 (England and Wales)
Utilise Limited
Unaudited accounts
for the year ended 31 December 2025
Utilise Limited
Unaudited accounts
Contents
Utilise Limited
Company Information
for the year ended 31 December 2025
Company Number
06037341 (England and Wales)
Registered Office
146 Birmingham Road
Allesley Village
Coventry
CV5 9HA
Accountants
Utilise Accountancy
146 Birmingham Road
Allesley Village
Coventry
CV5 9HA
Utilise Limited
Statement of financial position
as at 31 December 2025
Tangible assets
178,065
111,465
Cash at bank and in hand
132,778
194,328
Creditors: amounts falling due within one year
(133,352)
(275,524)
Net current assets
108,414
79,094
Total assets less current liabilities
286,479
190,559
Provisions for liabilities
Deferred tax
(20,209)
(27,866)
Net assets
266,270
162,693
Called up share capital
100
100
Profit and loss account
266,170
162,593
Shareholders' funds
266,270
162,693
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 May 2026 and were signed on its behalf by
John Holmes
Director
Company Registration No. 06037341
Utilise Limited
Notes to the Accounts
for the year ended 31 December 2025
Utilise Limited is a private company, limited by shares, registered in England and Wales, registration number 06037341. The registered office is 146 Birmingham Road, Allesley Village, Coventry, CV5 9HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. The principal rates in use are:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
25% straight line
Assets and Liabities denominated in foreign currencies are translated into sterling at the rates the transaction is accounted for using the rate of exchange prevailing on the date of the transaction. Exchange gains and losses are dealt with in the profit and loss account.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Utilise Limited
Notes to the Accounts
for the year ended 31 December 2025
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grant will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
The Director, having made enquiries, consider that the company has adequate resources to operate for the foreseeable future and, therefore, it is appropriate to continue to adopt the going concern bases in preparing the accounts.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Expenditure on research and development is written off in the year in which it is incurred.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2025
429,356
58,523
11,050
5,746
504,675
Additions
829
118,570
-
2,132
121,531
Disposals
(1,813)
-
-
(1,741)
(3,554)
At 31 December 2025
428,372
177,093
11,050
6,137
622,652
At 1 January 2025
337,920
45,875
6,718
2,697
393,210
Charge for the year
18,295
32,804
867
1,533
53,499
On disposals
(1,024)
-
-
(1,098)
(2,122)
At 31 December 2025
355,191
78,679
7,585
3,132
444,587
At 31 December 2025
73,181
98,414
3,465
3,005
178,065
At 31 December 2024
91,436
12,648
4,332
3,049
111,465
Amounts falling due within one year
Trade debtors
104,881
155,040
Accrued income and prepayments
4,107
5,250
Utilise Limited
Notes to the Accounts
for the year ended 31 December 2025
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,389
1,855
Taxes and social security
73,847
88,635
Loans from directors
12,163
127,509
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Deferred taxation
2025
2024
Accelerated capital allowances
20,209
27,866
Provision at start of year
27,866
34,751
Credited to the profit and loss account
(7,657)
(6,885)
Provision at end of year
20,209
27,866
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
The director has signified that he will keep his director's account in credit and it has been kept in credit during the year. During the year, director provided an unsecured, interest-free loan to the company amounting to £12162 (2024: £127510). The loan is repayable on demand.
The company was controlled throughout the year by J. Holmes, the sole director of the company.
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Average number of employees
During the year the average number of employees was 5 (2024: 4).