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REGISTERED NUMBER: 03930085 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

KPS COMPOSTING SERVICES LIMITED

KPS COMPOSTING SERVICES LIMITED (Registered number: 03930085)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KPS COMPOSTING SERVICES LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P V Smyth
H Smyth
D P Smyth
J Smyth





SECRETARY: H Smyth





REGISTERED OFFICE: Awbrook Park Farm,
Ham Lane
Scaynes Hill
Haywards Heath
West Sussex
RH17 7PR





REGISTERED NUMBER: 03930085 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

KPS COMPOSTING SERVICES LIMITED (Registered number: 03930085)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,686,502 1,728,020

CURRENT ASSETS
Debtors 5 1,434,580 1,542,195
Investments 6 10,000 10,000
Cash at bank 46,223 58,309
1,490,803 1,610,504
CREDITORS
Amounts falling due within one year 7 536,272 410,171
NET CURRENT ASSETS 954,531 1,200,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,641,033

2,928,353

CREDITORS
Amounts falling due after more than one
year

8

(500,287

)

(600,297

)

PROVISIONS FOR LIABILITIES (17,470 ) (46,136 )
NET ASSETS 2,123,276 2,281,920

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,123,274 2,281,918
SHAREHOLDERS' FUNDS 2,123,276 2,281,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

KPS COMPOSTING SERVICES LIMITED (Registered number: 03930085)

Balance Sheet - continued
30 April 2024


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 13 September 2024 and were signed on its behalf by:





D P Smyth - Director


KPS COMPOSTING SERVICES LIMITED (Registered number: 03930085)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

KPS COMPOSTING 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.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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 26 (2023 - 25 ) .

KPS COMPOSTING SERVICES LIMITED (Registered number: 03930085)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 1,110,684 3,679,062 181,621 4,138 4,975,505
Additions - 439,970 - - 439,970
Disposals - (243,165 ) - - (243,165 )
At 30 April 2024 1,110,684 3,875,867 181,621 4,138 5,172,310
DEPRECIATION
At 1 May 2023 683,107 2,426,231 134,009 4,138 3,247,485
Charge for year 31,196 276,277 11,905 - 319,378
Eliminated on disposal - (81,055 ) - - (81,055 )
At 30 April 2024 714,303 2,621,453 145,914 4,138 3,485,808
NET BOOK VALUE
At 30 April 2024 396,381 1,254,414 35,707 - 1,686,502
At 30 April 2023 427,577 1,252,831 47,612 - 1,728,020

Included within the net book value of Tangible Fixed Assets is £ 664,700 (2023 £ 548,933) relating to assets held under Finance Agreements. The depreciation charge to the financial statements in the year in respect of such assets amounts to £ 144,800 (2023 - £ 193,066).

5. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 225,903 333,518
Prepayments 21,668 21,668
247,571 355,186

Amounts falling due after more than one year:
Amounts owed by participating interests 1,187,009 1,187,009

Aggregate amounts 1,434,580 1,542,195

6. CURRENT ASSET INVESTMENTS
30.4.24 30.4.23
£    £   
Unlisted investments 10,000 10,000

KPS COMPOSTING SERVICES LIMITED (Registered number: 03930085)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 100,882 120,088
Hire purchase contracts 103,236 20,520
Trade creditors 222,379 152,066
Social security and other taxes 43,087 32,758
VAT 54,131 76,739
Other creditors 5,057 -
Accrued expenses 7,500 8,000
536,272 410,171

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2-5 years 57,116 189,066
Hire purchase contracts 170,205 24,231
Amounts owed to participating interests 272,966 387,000
500,287 600,297

9. RELATED PARTY DISCLOSURES

As at 30th April 2024 the company owed £ 272,966 (2023: £ 387,000) to KPS Contractors Limited and was owed £ 1,187,009 (2023: £ 1,187,009) from KPS Business Park Limited.

Throughout the year the Company charges and receives invoices from KPS Contractors Limited. An associated Company, These costs and sales are done under normal commercial terms.

Mr P Smyth and Mrs H Smyth also control KPS Contractors Limited and KPS Business Park Limited.

10. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr P and Mrs H Smyth, be virtue of the fact that they own the entire share capital of the company.