Registered number
01866581
KBR (Keeping Business Running) Ltd.
Filleted Accounts
31 March 2025
KBR (Keeping Business Running) Ltd.
Registered number: 01866581
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 423,491 436,962
Investments 5 1 1
423,492 436,963
Current assets
Stocks 77,058 68,951
Debtors 6 81,037 41,114
Investments held as current assets 7 1,211,206 1,211,206
Cash at bank and in hand 175,728 354,086
1,545,029 1,675,357
Creditors: amounts falling due within one year 8 (286,062) (262,914)
Net current assets 1,258,967 1,412,443
Total assets less current liabilities 1,682,459 1,849,406
Provisions for liabilities (52,006) (54,912)
Net assets 1,630,453 1,794,494
Capital and reserves
Called up share capital 51,859 51,859
Share premium 42,980 42,980
Revaluation reserve 9 208,563 208,563
Profit and loss account 1,327,051 1,491,092
Shareholders' funds 1,630,453 1,794,494
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.
Daniel Bailey
Director
Approved by the board on 22 May 2025
KBR (Keeping Business Running) 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:
Freehold buildings 0.5% per annum - straight line
Plant and machinery 20% per annum - diminishing balance
Motor vehicles 25% per annum - dimishing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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 Exceptional items 2025 2024
£ £
The profit and loss account includes lump sum pension payments 70,000 126,000
70,000 126,000
3 Employees 2025 2024
Number Number
Average number of persons employed by the company 11 13
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 355,000 183,224 118,470 656,694
Additions - 9,267 - 9,267
Disposals - - (12,993) (12,993)
At 31 March 2025 355,000 192,491 105,477 652,968
Depreciation
At 1 April 2024 1,775 142,875 75,082 219,732
Charge for the year 1,775 9,923 10,738 22,436
On disposals - - (12,691) (12,691)
At 31 March 2025 3,550 152,798 73,129 229,477
Net book value
At 31 March 2025 351,450 39,693 32,348 423,491
At 31 March 2024 353,225 40,349 43,388 436,962
Freehold land and buildings: 2025 2024
£ £
Historical cost 132,363 132,363
Cumulative depreciation based on historical cost 9,930 9,268
122,433 123,095
The Freehold property was revalued Edward Watson Associates on 2nd February 2023..
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2024 1
At 31 March 2025 1
Historical cost
At 1 April 2024 1
At 31 March 2025 1
6 Debtors 2025 2024
£ £
Trade debtors 56,056 6,305
Accrued income - 13,936
Other debtors 24,981 20,873
81,037 41,114
7 Investments held as current assets 2025 2024
£ £
Fair value
Due from Group Undertakings 1,211,206 1,211,206
8 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 86,468 34,405
Maintenance contracts billed in advance 106,772 133,260
Taxation and social security costs 28,886 86,726
Other creditors 63,936 8,523
286,062 262,914
9 Revaluation reserve 2025 2024
£ £
At 1 April 2024 208,563 216,741
Deferred taxation arising on the revaluation of land and buildings - (8,178)
At 31 March 2025 208,563 208,563
10 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 25,121 42,159
11 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Gareth Tomlin (resigned 4th April 2025)
[Loan 1] 6,969 - (6,969) -
Ruth Tomlin (resigned 4th April 2025)
[Loan 1] 6,968 - (6,968) -
13,937 - (13,937) -
12 Related party transactions
The company has transactions with it's holding company GRT Technology Ltd. These include the following
2025 2024
Loan to Holding company O/s balance 1,201,206 1,201,206
Trading transactions Total services
13 Controlling party
The company is fully controlled by GRT Technology Ltd, a company registered in England
and Wales whose registered office is Station House, Station Lane, Birtley, Co. Durham.
14 Other information
KBR (Keeping Business Running) Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
Station House
Station Lane
Birtley
Co. Durham
DH3 1DJ
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