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REGISTERED NUMBER: 08455601 (England and Wales)















KBR Gas Services Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






KBR Gas Services Limited (Registered number: 08455601)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


KBR Gas Services Limited

Company Information
for the Year Ended 31 March 2024







Directors: K B Roberts
Mrs J L Roberts





Registered office: Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX





Registered number: 08455601 (England and Wales)





Accountants: Rupert King & Company Limited
Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX

KBR Gas Services Limited (Registered number: 08455601)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 216,263 220,793
Investments 5 50,162 -
266,425 220,793

Current assets
Debtors 6 104,028 57,218
Cash at bank and in hand 215,203 308,452
319,231 365,670
Creditors
Amounts falling due within one year 7 187,813 191,169
Net current assets 131,418 174,501
Total assets less current liabilities 397,843 395,294

Creditors
Amounts falling due after more than one
year

8

(16,613

)

(26,459

)

Provisions for liabilities (10,186 ) (11,046 )
Net assets 371,044 357,789

Capital and reserves
Called up share capital 9 2 2
Retained earnings 10 371,042 357,787
Shareholders' funds 371,044 357,789

KBR Gas Services Limited (Registered number: 08455601)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2 December 2024 and were signed on its behalf by:





K B Roberts - Director


KBR Gas Services Limited (Registered number: 08455601)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

KBR Gas Services Limited 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.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

KBR Gas Services Limited (Registered number: 08455601)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued

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 13 (2023 - 14 ) .

4. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Cost
At 1 April 2023 162,655 31,734 16,251
Additions - 5,332 -
Disposals - - -
At 31 March 2024 162,655 37,066 16,251
Depreciation
At 1 April 2023 - 19,927 11,551
Charge for year - 3,427 705
Eliminated on disposal - - -
At 31 March 2024 - 23,354 12,256
Net book value
At 31 March 2024 162,655 13,712 3,995
At 31 March 2023 162,655 11,807 4,700

KBR Gas Services Limited (Registered number: 08455601)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2023 116,194 33,851 360,685
Additions 15,500 1,739 22,571
Disposals (17,995 ) - (17,995 )
At 31 March 2024 113,699 35,590 365,261
Depreciation
At 1 April 2023 81,069 27,345 139,892
Charge for year 10,126 2,721 16,979
Eliminated on disposal (7,873 ) - (7,873 )
At 31 March 2024 83,322 30,066 148,998
Net book value
At 31 March 2024 30,377 5,524 216,263
At 31 March 2023 35,125 6,506 220,793

Included in cost of land and buildings is freehold land of £ 162,655 (2023 - £ 162,655 ) which is not depreciated.

5. Fixed asset investments
Other
investments
£   
Cost
Additions 50,000
Dividends received 162
At 31 March 2024 50,162
Net book value
At 31 March 2024 50,162

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 85,336 42,879
Prepayments 18,692 14,339
104,028 57,218

KBR Gas Services Limited (Registered number: 08455601)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 37,856 34,125
Corporation tax 22,633 33,077
Social security and other taxes 9,135 7,334
VAT 20,932 18,925
Other creditors 882 804
Directors' current accounts 55,189 55,819
Accrued expenses 31,186 31,085
187,813 191,169

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 16,613 20,000
Bank loans - 2-5 years - 6,459
16,613 26,459

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. Reserves
Retained
earnings
£   

At 1 April 2023 357,787
Profit for the year 73,255
Dividends (60,000 )
At 31 March 2024 371,042

11. Related party disclosures

During the year, total dividends of £60,000 (2023 - £60,000) were paid to the directors .