DARE UTILITY SERVICES LTD - Filleted accounts

Registered number

05013005

DARE UTILITY SERVICES LTD

Filleted Accounts

31 March 2025

DARE UTILITY SERVICES LTD
Registered number:		05013005
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,475,278			1,595,910

Current assets
Stocks		59,489			68,830
Debtors	4	481,682			560,935
Cash at bank and in hand		10,543			135,415
		551,714			765,180

Creditors: amounts falling due within one year	5	(1,336,150)			(1,425,051)

Net current liabilities			(784,436)			(659,871)

Total assets less current liabilities			690,842			936,039

Creditors: amounts falling due after more than one year	6		(315,864)			(396,251)

Provisions for liabilities			(277,065)			(307,223)


Net assets			97,913			232,565

Capital and reserves
Called up share capital			108			108
Profit and loss account			97,805			232,457

Shareholders' funds			97,913			232,565

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr P Dare
Director
Approved by the board on 5 November 2025

DARE UTILITY SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% Reducing balance
	Motor vehicles			25% Reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					17		18


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	367,017		367,498		2,363,038		3,097,553
	Additions	-		23,316		261,777		285,093
	Disposals	-		(13,392)		(241,247)		(254,639)
	At 31 March 2025	367,017		377,422		2,383,568		3,128,007

	Depreciation
	At 1 April 2024	-		235,940		1,265,703		1,501,643
	Charge for the year	-		35,708		303,429		339,137
	On disposals	-		(10,522)		(177,529)		(188,051)
	At 31 March 2025	-		261,126		1,391,603		1,652,729

	Net book value
	At 31 March 2025	367,017		116,296		991,965		1,475,278
	At 31 March 2024	367,017		131,558		1,097,335		1,595,910


4	Debtors					2025		2024
£							£

	Trade debtors					290,560		479,919
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					129,143		-
	Called up share capital not paid					8		8
	Other taxes and social security					9,472		4,443
	Other debtors					52,499		76,565
						481,682		560,935


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					28,000		28,000
	Obligations under finance lease and hire purchase contracts					201,909		176,551
	Trade creditors					138,989		155,499
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					958,802		999,833
	Taxation and social security costs					2,560		47,688
	Directors loan account					309		172
	Other creditors					5,581		17,308
						1,336,150		1,425,051


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					106,763		126,325
	Obligations under finance lease and hire purchase contracts					209,101		269,926
						315,864		396,251


7	Other information

	DARE UTILITY SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Mead Yard
	Dawlish Business Park
	Dawlish
	Devon
	EX7 0NH