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KB Recycling and Properties Limited
Registered Number:07743798
For the year ended 31 August 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2021
KB Recycling and Properties Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07743798
As at 31 August 2021
KB Recycling and Properties Limited
Statement of Financial Position
£
£
2020
2021
Notes
Current assets
Trade and other receivables
37,742
284
2
67,574
Cash and cash equivalents
95,587
95,871
105,316
Trade and other payables: amounts falling due within one year
(12,060)
(12,061)
3
93,256
83,810
Net current assets
Total assets less current liabilities
83,810
93,256
83,810
Net assets
93,256
Capital and reserves
Called up share capital
2
2
Retained earnings
83,808
93,254
83,810
93,256
Shareholders' funds
For the year ended 31 August 2021 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 of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Kerry Kidd Director
These financial statements were approved and authorised for issue by the Board on 26 July 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2021
KB Recycling and Properties Limited
Notes to the Financial Statements
Statutory Information
KB Recycling and Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
07743798.
Registered address:
Unit 7 Gateway Court
Parkgate
Rotherham
S62 6LH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Straight line
25% Straight line
Motor vehicles
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives are
sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors
undertake an annual impairment review of these properties.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2. Trade and other receivables
2020
2021
£
£
Trade debtors
284
284
Other debtors
-
37,458
37,742
284
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5
For the year ended 31 August 2021
KB Recycling and Properties Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft
2
2
Amounts owed to group undertaking and undertaking in which the company has a
participating interest
(3,615)
(3,615)
Other creditors
15,674
15,673
12,061
12,060
4. Average number of persons employed
During the year the average number of employees was 0
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