11 10 K.P.H Environmental Services Ltd 04153708 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of commercial tank cleaning, tank purging, tank decommissioning and the safe removal of all types of fuel, oil and chemical storage tanks. Digita Accounts Production Advanced 6.30.9574.0 true true 04153708 2023-08-01 2024-07-31 04153708 2024-07-31 04153708 bus:Director2 1 2024-07-31 04153708 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-07-31 04153708 core:CurrentFinancialInstruments 2024-07-31 04153708 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 04153708 core:FurnitureFittingsToolsEquipment 2024-07-31 04153708 core:MotorVehicles 2024-07-31 04153708 core:OtherPropertyPlantEquipment 2024-07-31 04153708 bus:SmallEntities 2023-08-01 2024-07-31 04153708 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 04153708 bus:FilletedAccounts 2023-08-01 2024-07-31 04153708 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04153708 bus:RegisteredOffice 2023-08-01 2024-07-31 04153708 bus:Director2 2023-08-01 2024-07-31 04153708 bus:Director2 1 2023-08-01 2024-07-31 04153708 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-08-01 2024-07-31 04153708 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04153708 core:ComputerEquipment 2023-08-01 2024-07-31 04153708 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 04153708 core:MotorVehicles 2023-08-01 2024-07-31 04153708 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 04153708 core:PlantMachinery 2023-08-01 2024-07-31 04153708 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-08-01 2024-07-31 04153708 countries:EnglandWales 2023-08-01 2024-07-31 04153708 2023-07-31 04153708 bus:Director2 1 2023-07-31 04153708 core:FurnitureFittingsToolsEquipment 2023-07-31 04153708 core:MotorVehicles 2023-07-31 04153708 core:OtherPropertyPlantEquipment 2023-07-31 04153708 2022-08-01 2023-07-31 04153708 2023-07-31 04153708 bus:Director2 1 2023-07-31 04153708 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-07-31 04153708 core:CurrentFinancialInstruments 2023-07-31 04153708 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 04153708 core:FurnitureFittingsToolsEquipment 2023-07-31 04153708 core:MotorVehicles 2023-07-31 04153708 core:OtherPropertyPlantEquipment 2023-07-31 04153708 bus:Director2 1 2022-08-01 2023-07-31 04153708 bus:Director2 1 2022-07-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 04153708

K.P.H Environmental Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

K.P.H Environmental Services Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

K.P.H Environmental Services Ltd

Company Information

Director

K J Potter

Registered office

Unit 1 Paddock Barn Farm
Godstone Road
Caterham
Surrey
CR3 6SF

 

K.P.H Environmental Services Ltd

(Registration number: 04153708)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

46,141

16,095

Current assets

 

Stocks

5

25,000

25,000

Debtors

6

536,345

440,142

Cash at bank and in hand

 

918,797

1,215,898

 

1,480,142

1,681,040

Creditors: Amounts falling due within one year

7

(193,216)

(372,406)

Net current assets

 

1,286,926

1,308,634

Total assets less current liabilities

 

1,333,067

1,324,729

Provisions for liabilities

(7,789)

440

Net assets

 

1,325,278

1,325,169

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

1,325,178

1,325,069

Shareholders' funds

 

1,325,278

1,325,169

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 April 2025
 

.........................................
K J Potter
Director

   
     
 

K.P.H Environmental Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 Paddock Barn Farm
Godstone Road
Caterham
Surrey
CR3 6SF

These financial statements were authorised for issue by the director on 11 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

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" and the Companies Act 2006.

The financial statements are presented in Sterling (£), which is also the functional currency of the Company. Monetary amounts in these Financial Statements are rounded to the nearest £1.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational
existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

K.P.H Environmental Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance per annum

Fixtures, fittings and equipment

25% reducing balance per annum

Motor vehicles

25% reducing balance per annum

Computer equipment

33% reducing balance per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

K.P.H Environmental Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102
Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2023 - 10).

 

K.P.H Environmental Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

99,229

82,848

95,732

277,809

Additions

-

31,350

13,052

44,402

At 31 July 2024

99,229

114,198

108,784

322,211

Depreciation

At 1 August 2023

97,970

71,520

92,224

261,714

Charge for the year

363

10,669

3,324

14,356

At 31 July 2024

98,333

82,189

95,548

276,070

Carrying amount

At 31 July 2024

896

32,009

13,236

46,141

At 31 July 2023

1,259

11,328

3,508

16,095

5

Stocks

2024
£

2023
£

Other inventories

25,000

25,000

 

K.P.H Environmental Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

274,379

216,721

Other debtors

261,966

223,421

 

536,345

440,142

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

31,357

109,773

Taxation and social security

75,882

69,566

Accruals and deferred income

38,822

97,997

Other creditors

47,155

95,070

193,216

372,406

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Related party transactions

The director's loan was subject to the official rate of interest at the prevailing date, had no fixed repayment date and was unsecured.

 

K.P.H Environmental Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Transactions with the director

2024

At 1 August 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

K J Potter

Director's loan account

105,947

74,323

(120,000)

60,270

2023

At 1 August 2022
£

Advances to director
£

At 31 July 2023
£

K J Potter

Director's loan account

20,922

85,025

105,947

 

K.P.H Environmental Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Summary of transactions with entities with joint control or significant interest

K P H Trading Limited
A Company under common control
Included in administrative expenses rent of £18,000 (2023 - £21,504) charged by K P H Trading Limited. These transactions were at arms length prices in the ordinary course of business. At the year-end the company owed £40,199 (2023 - £88,500) to this related party.