IRIS Accounts Production v25.1.4.42 03306495 director 30.9.24 1.10.23 30.9.24 30.9.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. The principal activities of the group continued to be that of building and civil engineering contracts, plant hire, haulage and waste management services mainly to the construction industry together with commercial property investment. true true true false true true false false false false false true true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033064952023-09-30033064952024-09-30033064952023-10-012024-09-30033064952022-09-30033064952022-10-012023-09-30033064952023-09-3003306495ns15:EnglandWales2023-10-012024-09-3003306495ns14:PoundSterling2023-10-012024-09-3003306495ns10:Director12023-10-012024-09-3003306495ns10:CompanySecretary12023-10-012024-09-3003306495ns10:Consolidated2024-09-3003306495ns10:ConsolidatedGroupCompanyAccounts2023-10-012024-09-3003306495ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3003306495ns10:Consolidatedns10:MediumEntities2023-10-012024-09-3003306495ns10:Consolidatedns10:Audited2023-10-012024-09-3003306495ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-10-012024-09-3003306495ns10:Medium-sizedCompaniesRegimeForAccounts2023-10-012024-09-3003306495ns10:Consolidated2023-10-012024-09-3003306495ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-10-012024-09-3003306495ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2023-10-012024-09-3003306495ns10:FullAccounts2023-10-012024-09-3003306495ns5:Subsidiary12023-10-012024-09-3003306495ns5:Subsidiary22023-10-012024-09-3003306495ns5:Subsidiary32023-10-012024-09-3003306495ns10:OrdinaryShareClass12023-10-012024-09-3003306495ns10:RegisteredOffice2023-10-012024-09-3003306495ns10:Consolidated2022-10-012023-09-3003306495ns5:CurrentFinancialInstruments2024-09-3003306495ns5:CurrentFinancialInstruments2023-09-3003306495ns5:ShareCapital2024-09-3003306495ns5:ShareCapital2023-09-3003306495ns5:CapitalRedemptionReserve2024-09-3003306495ns5:CapitalRedemptionReserve2023-09-3003306495ns5:RetainedEarningsAccumulatedLosses2024-09-3003306495ns5:RetainedEarningsAccumulatedLosses2023-09-3003306495ns5:ShareCapital2022-09-3003306495ns5:RetainedEarningsAccumulatedLosses2022-09-3003306495ns5:CapitalRedemptionReserve2022-09-3003306495ns5:ShareCapital2022-10-012023-09-3003306495ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-3003306495ns5:CapitalRedemptionReserve2022-10-012023-09-3003306495ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-3003306495ns5:CapitalRedemptionReserve2023-10-012024-09-3003306495ns5:CostValuation2023-09-3003306495ns5:AdditionsToInvestments2024-09-3003306495ns5:CostValuation2024-09-30033064951ns5:Subsidiary12023-10-012024-09-3003306495ns5:Subsidiary232023-10-012024-09-30033064955ns5:Subsidiary32023-10-012024-09-3003306495ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3003306495ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3003306495ns5:Non-currentFinancialInstruments2024-09-3003306495ns5:Non-currentFinancialInstruments2023-09-3003306495ns10:OrdinaryShareClass12024-09-3003306495ns5:RetainedEarningsAccumulatedLosses2023-09-3003306495ns5:CapitalRedemptionReserve2023-09-30
REGISTERED NUMBER: 03306495 (England and Wales)



















GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTOR AND

AUDITED

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

KILLOUGHERY HOLDINGS LTD

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16


KILLOUGHERY HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: J Killoughery





SECRETARY: J Killoughery





REGISTERED OFFICE: 43a Willow Lane
Mitcham
Surrey
CR4 4NA





REGISTERED NUMBER: 03306495 (England and Wales)





AUDITORS: ESW Limited
Chartered Accountants
& Registered Auditors
162-164 High Street
Rayleigh
Essex
SS6 7BS

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

The director presents his strategic report of the company and the group for the year ended 30th September 2024.

REVIEW OF BUSINESS
We consider that our key financial performance indicators are those that communicate the financial performance and strength of the group as a whole, these being turnover, gross profit margin and liquidity.

As noted in our prior years review, the market remained very challenging, regard having to be made to general major national economic considerations..

In light of the prevailing conditions, the group's approach was one of continuing the prior years policy of aggressive pricing policies, in an attempt to maintain market share, whilst waiting for a better economic atmosphere, which would then enable us to capitalise on the results of this approach.

Despite the market conditions, the group managed to maintain turnover levels, and despite challenging market conditions managed to achieve gross profit margins of 31%. The net liquidity position increased by £336,000, primarily due to a substantial reduction in administration expenses and the substantial investments in fixed assets made in the prior two years, reducing the group's requirements to invest so heavily in this period. It is of note that despite this the group still invested £1,000,000 in new assets during the period

As a continuation of the policy, as stated in the review last year, the group has continued with it's investment in new fixed assets, particularly heavy duty vehicles, which not only saves costs relating to ULEZ, but also created savings as the modernized fleet is more cost efficient. The company intends to continue this investment policy into the foreseeable future.

The group intends to carry on trading into next year using the same policies and will ,again, be targeting an increase in the gross profit percentages.

PRINCIPAL RISKS AND UNCERTAINTIES
The performance of the business is linked to the overall state of the economy but in particular to the activities within the sectors of the market in which we operate. As well as economic risks the waste industry has additional environmental legislative and compliance risks. We try to minimise these risks by employing highly skilled management, by training and by engaging specialist consultants so that we keep up with statutory regulations and comply with the conditions of our operating licences and permits at all times. Landfill charges and fuel prices are monitored on a weekly basis, thus ensuring that operating increases therein are recognised at an early state.

ON BEHALF OF THE BOARD:





J Killoughery - Secretary


19th June 2025

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

The director presents his report with the financial statements of the company and the group for the year ended 30th September 2024.

DIVIDENDS
No dividends will be distributed for the year ended 30th September 2024.

DIRECTOR
J Killoughery held office during the whole of the period from 1st October 2023 to the date of this report.

FINANCIAL INSTRUMENTS
Financial risk management
The group's operations expose it to a variety of financial risks that include the effect of changes in liquidity risk and interest rate risk. The company has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the company by monitoring levels of debt finance and the related finance costs.

Given the size of the group, the directors have not delegated the responsibility of monitoring financial risk management to a sub-committee of the board. The policies set by the board of directors are implemented by the group's finance department.

Liquidity risk
The group actively maintains a mixture of long-term and short-term debt finance that is designed to ensure the group has sufficient available funds for operations and planned extensions.

Interest rate cash flow risk
The group has interest bearing liabilities.

Credit risk
The group has implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to individual customers is subject to a limit, which is reassessed regularly by the board.

Price risk
The group is exposed to commodity price risk as a result of its operations. However, given the size of the group's operations, the costs of managing exposure to commodity price risk exceed any potential benefits. The directors will revisit the appropriateness of this policy should the group's operations change in size or nature.

POLITICAL DONATIONS AND EXPENDITURE
Donations paid during the year amounted to £17,552 none of which related to political organisations.

EMPLOYMENT OF DISABLED PERSONS
Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the
applicant concerned.

In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the
company continues and that the appropriate training is arranged.

It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

HEALTH AND SAFETY AT WORK
Our yard managers are responsible for the health, safety and welfare of employees. We also continue to support the health and safety policies of our customers and the industry generally.

EMPLOYEE INVOLVEMENT
Our workforce are our most important and valuable asset. They operate at the heart of our operations and the forefront of our activities and developments on a day to day basis. In addition regular meetings are held to discuss activity and performance and opportunity is given for management to be questioned on all areas that affect our employees. We encourage an open door policy of involvement and close cooperation.


KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, ESW Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J Killoughery - Secretary


19th June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
KILLOUGHERY HOLDINGS LTD

Opinion
We have audited the financial statements of Killoughery Holdings Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 30th September 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30th September 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
KILLOUGHERY HOLDINGS LTD


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The company is subject to numerous laws and regulations that could reasonably be expected to have a material effect on the financial statements. From our general commercial experience and discussion with management, we identified the following laws and regulations; waste carrier licences, environmental regulations, employment laws and regulations, health and safety, employment taxes, financial reporting and distributable profits.

Our audit procedures to address potential fraud and non-compliance with laws and regulations included:

- Enquiry of management regarding compliance with relevant laws and regulations, and any litigation or claims
- Review of legal correspondence and documentation
- Performance of analytical review to identify unexpected account movements and investigation of variances
- Assessment of potential management override by review of journals and unusual accounting entries
- Inspection of third-party supporting documentation
- Identification and review of transactions with related parties
- Review of year end cut-off and after date transactions
- Reconciliation of intercompany balances

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
KILLOUGHERY HOLDINGS LTD


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr S Cracknell FCA (Senior Statutory Auditor)
for and on behalf of ESW Limited
Chartered Accountants
& Registered Auditors
162-164 High Street
Rayleigh
Essex
SS6 7BS

19th June 2025

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2024 2023
Notes £    £   

TURNOVER 3 14,496,539 14,504,918

Cost of sales (9,959,360 ) (8,757,410 )
GROSS PROFIT 4,537,179 5,747,508

Administrative expenses (2,199,302 ) (2,559,608 )
OPERATING PROFIT 5 2,337,877 3,187,900

Interest receivable and similar income 12,528 82,852
2,350,405 3,270,752
Gain/loss on revaluation of investment
property

-

275,442
2,350,405 3,546,194

Interest payable and similar expenses 6 (199,000 ) (325,486 )
PROFIT BEFORE TAXATION 2,151,405 3,220,708

Tax on profit 7 (537,850 ) (730,593 )
PROFIT FOR THE FINANCIAL YEAR 1,613,555 2,490,115
Profit attributable to:
Owners of the parent 1,613,555 2,490,115

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

CONSOLIDATED
OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,613,555 2,490,115


OTHER COMPREHENSIVE INCOME
Purchase of own shares - (1,198,300 )
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

-

(1,198,300

)
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,613,555

1,291,815

Total comprehensive income attributable to:
Owners of the parent 1,613,555 1,291,815

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

CONSOLIDATED BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 9 6,307,411 6,114,129
Investments 10 - -
Investment property 11 14,400,000 14,400,000
20,707,411 20,514,129

CURRENT ASSETS
Stocks 12 51,500 29,500
Debtors 13 7,228,399 9,444,876
Cash at bank 3,720,644 1,177,736
11,000,543 10,652,112
CREDITORS
Amounts falling due within one year 14 (3,847,559 ) (3,834,814 )
NET CURRENT ASSETS 7,152,984 6,817,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,860,395

27,331,427

CREDITORS
Amounts falling due after more than one
year

15

(2,029,067

)

(3,162,839

)

PROVISIONS FOR LIABILITIES 19 (6,024,925 ) (5,975,740 )
NET ASSETS 19,806,403 18,192,848

CAPITAL AND RESERVES
Called up share capital 20 8,300 8,300
Capital redemption reserve 21 1,700 1,700
Fair value reserve 21 3,710,456 3,710,456
Retained earnings 21 16,085,947 14,472,392
SHAREHOLDERS' FUNDS 19,806,403 18,192,848

The financial statements were approved by the director and authorised for issue on 19th June 2025 and were signed by:





J Killoughery - Director


KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

COMPANY BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 9 - -
Investments 10 6,460,101 5,860,101
Investment property 11 - -
6,460,101 5,860,101

CURRENT ASSETS
Debtors 13 1,875,692 2,627,651
Cash at bank 4,155 9,845
1,879,847 2,637,496
CREDITORS
Amounts falling due within one year 14 (667,803 ) (2,324,771 )
NET CURRENT ASSETS 1,212,044 312,725
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,672,145

6,172,826

CAPITAL AND RESERVES
Called up share capital 20 8,300 8,300
Capital redemption reserve 21 1,700 1,700
Retained earnings 21 7,662,145 6,162,826
SHAREHOLDERS' FUNDS 7,672,145 6,172,826

Company's profit for the financial year 1,499,319 1,765,976

The financial statements were approved by the director and authorised for issue on 19th June 2025 and were signed by:





J Killoughery - Director


KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

Called up Capital Fair
share Retained redemption value Total
capital earnings reserve reserve equity
£    £    £    £    £   
Balance at 1st October 2022 10,000 13,388,858 - 3,503,875 16,902,733

Changes in equity
Issue of share capital (1,700 ) - - - (1,700 )
Total comprehensive income - 1,083,534 1,700 206,581 1,291,815
Balance at 30th September 2023 8,300 14,472,392 1,700 3,710,456 18,192,848

Changes in equity
Total comprehensive income - 1,613,555 - - 1,613,555
Balance at 30th September 2024 8,300 16,085,947 1,700 3,710,456 19,806,403

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1st October 2022 10,000 5,596,850 - 5,606,850

Changes in equity
Issue of share capital (1,700 ) - - (1,700 )
Total comprehensive income - 565,976 1,700 567,676
Balance at 30th September 2023 8,300 6,162,826 1,700 6,172,826

Changes in equity
Total comprehensive income - 1,499,319 - 1,499,319
Balance at 30th September 2024 8,300 7,662,145 1,700 7,672,145

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 5,739,733 2,594,348
Interest paid (132,888 ) (259,294 )
Interest element of hire purchase payments
paid

(66,112

)

(66,192

)
Tax paid (594,538 ) -
Net cash from operating activities 4,946,195 2,268,862

Cash flows from investing activities
Purchase of tangible fixed assets (651,383 ) (171,021 )
Sale of tangible fixed assets - 31,000
Interest received 12,528 82,852
Net cash from investing activities (638,855 ) (57,169 )

Cash flows from financing activities
Bank loan repayments in year (755,660 ) (698,183 )
Capital repayments in year (1,011,008 ) (1,090,853 )
Amount introduced by directors 2,236 -
Purchase of own shares - (1,200,000 )
Net cash from financing activities (1,764,432 ) (2,989,036 )

Increase/(decrease) in cash and cash equivalents 2,542,908 (777,343 )
Cash and cash equivalents at beginning of
year

2

1,177,736

1,955,079

Cash and cash equivalents at end of year 2 3,720,644 1,177,736

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 2,151,405 3,220,708
Depreciation charges 848,101 894,135
Loss on disposal of fixed assets - 419
Gain on revaluation of fixed assets - (275,442 )
Finance costs 199,000 325,486
Finance income (12,528 ) (82,852 )
3,185,978 4,082,454
(Increase)/decrease in stocks (22,000 ) 28,000
Decrease/(increase) in trade and other debtors 2,209,887 (2,128,141 )
Increase in trade and other creditors 365,868 612,035
Cash generated from operations 5,739,733 2,594,348

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30th September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 3,720,644 1,177,736
Year ended 30th September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 1,177,736 1,955,079


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.10.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank 1,177,736 2,542,908 3,720,644
1,177,736 2,542,908 3,720,644
Debt
Finance leases (1,993,721 ) 627,598 (1,366,123 )
Debts falling due within 1 year (393,461 ) 92,051 (301,410 )
Debts falling due after 1 year (2,048,136 ) 663,609 (1,384,527 )
(4,435,318 ) 1,383,258 (3,052,060 )
Total (3,257,582 ) 3,926,166 668,584

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Killoughery Holdings Ltd 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

- Section 4 'Statement of Financial Position' - Reconciliation of the opening and closing number of shares;

- Section 7 'Statement of Cash Flows' - Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' - Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 33 'Related Party Disclosures' - Compensation for key management personnel.

Basis of consolidation
The consolidated financial statements include the accounts of the company and its subsidiary undertakings. The results of subsidiaries acquired or sold are included in the profit and loss account from the date control passes to or from the parent undertaking. Intra-group sales, profits and balances are eliminated in full on consolidation.

Turnover
Turnover represents the total invoiced value, excluding value added tax, from contract income, plant hire, haulage, waste management and property income during the year.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life.

Plant and machinery-12.5% reducing balance basis
Fixtures, fittings and equipment-25% reducing balance basis
Motor vehicles-25% reducing balance basis

In accordance with component accounting provisions of FRS 102 no depreciation is provided on freehold land. No depreciation is provided on freehold buildings on the ground that it would be immaterial.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and loss.

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.

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The group has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit and loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated party.

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the group's contractual obligations are discharged, cancelled, or they expire.

Equity instruments
Equity instruments issued by the group are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Leasing and hire purchase commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
The group operates a defined contribution pension scheme. The pension costs charged in the financial statements represent the contributions paid by the group during the period.

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Rendering of services 14,496,539 14,504,918
14,496,539 14,504,918

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 14,496,539 14,504,918
14,496,539 14,504,918

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 851,904 1,760,300
Social security costs 66,820 73,252
Other pension costs 12,778 14,674
931,502 1,848,226

The average number of employees during the year was as follows:
2024 2023

Directors 1 1
Direct labour 19 20
Administration 2 3
22 24

2024 2023
£    £   
Director's remuneration - -

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 1

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

5. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Hire of plant and machinery 315,946 380,253
Depreciation - owned assets 848,101 938,958
Loss on disposal of fixed assets - 419
Auditors' remuneration 24,300 25,500
Auditors' remuneration for non audit work 2,500 2,500

Depreciation of tangible fixed assets includes £489,810 (2023 - £523,779) relating to assets held under finance lease agreements.

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Mortgage 132,888 259,294
Hire purchase interest and finance lease
charges

66,112

66,192
199,000 325,486

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 488,665 594,406

Deferred tax 49,185 136,187
Tax on profit 537,850 730,593

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 2,151,405 3,220,708
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 25 %)

537,851

805,177

Effects of:
Expenses not deductible for tax purposes - 804
Income not taxable for tax purposes - (68,861 )
Capital allowances in excess of depreciation (49,186 ) -
Depreciation in excess of capital allowances - 125,643
Utilisation of tax losses - (187,529 )
(Profit)/Loss on disposal of fixed assets - 104
Deferred taxation 49,185 136,187
Change in tax rate - (80,817 )
Marginal relief - (115 )

Total tax charge 537,850 730,593

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 30th September 2024.

2023
Gross Tax Net
£    £    £   
Purchase of own shares (1,198,300 ) - (1,198,300 )

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

9. TANGIBLE FIXED ASSETS

Group
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st October 2023 10,081,968 157,560 213,733 10,453,261
Additions 985,972 6,535 48,876 1,041,383
At 30th September 2024 11,067,940 164,095 262,609 11,494,644
DEPRECIATION
At 1st October 2023 4,135,439 71,460 132,233 4,339,132
Charge for year 796,683 22,189 29,229 848,101
At 30th September 2024 4,932,122 93,649 161,462 5,187,233
NET BOOK VALUE
At 30th September 2024 6,135,818 70,446 101,147 6,307,411
At 30th September 2023 5,946,529 86,100 81,500 6,114,129

Included above are assets held under hire purchase contracts and finance leases whose net book value at the balance sheet date amounted to £3,552,928 (2023 - £3,652,738).

10. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1st October 2023 5,860,101
Additions 600,000
At 30th September 2024 6,460,101
NET BOOK VALUE
At 30th September 2024 6,460,101
At 30th September 2023 5,860,101

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

George Killoughery Limited
Registered office: 43a Willow Lane, Mitcham, Surrey, CR4 4NA
Nature of business: Civil engineering and plant hire
%
Class of shares: holding
Ordinary 100.00

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

10. FIXED ASSET INVESTMENTS - continued

Killoughery Properties
Registered office: 43a Willow Lane, Mitcham, Surrey, CR4 4NA
Nature of business: Commercial property investment
%
Class of shares: holding
Ordinary 100.00

Master Skip Limited
Registered office: 43a Willow Lane, Mitcham, Surrey, CR4 4NA
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00


11. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1st October 2023
and 30th September 2024 14,400,000
NET BOOK VALUE
At 30th September 2024 14,400,000
At 30th September 2023 14,400,000

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2020 1,622,500
Valuation in 2022 3,049,333
Valuation in 2023 275,442
Cost 9,452,725
14,400,000

The directors have estimated the fair value of the group's investment properties. The value of one property has been based upon market specific rental yields published by a UK national commercial real estate consultancy, the remaining properties were valued in November 2021 by a UK national Chartered Surveyor.

12. STOCKS

Group
2024 2023
£    £   
Consumables 51,500 29,500

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

13. DEBTORS

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year:
Trade debtors 3,108,046 3,540,855 - -
Amounts owed by group undertakings - - - 90,222
Other debtors 21,073 1,040,163 - 16,529
Prepayments 523,588 642,958 - -
3,652,707 5,223,976 - 106,751

Amounts falling due after more than one year:
Other debtors 3,575,692 4,220,900 1,875,692 2,520,900

Aggregate amounts 7,228,399 9,444,876 1,875,692 2,627,651

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 16) 301,410 393,461 - -
Hire purchase contracts (see note 17) 721,583 879,018 - -
Trade creditors 1,917,901 1,338,813 - 8,100
Amounts owed to group undertakings - - 645,803 2,269,640
Tax 488,533 594,406 - 4,361
Social security and other taxes 22,274 62,585 - -
VAT 160,443 205,573 - 770
Other creditors 30,042 34,270 - 16,690
Directors' current accounts 2,236 - - -
Accruals and deferred income 203,137 326,688 22,000 25,210
3,847,559 3,834,814 667,803 2,324,771

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2024 2023
£    £   
Bank loans (see note 16) 1,384,527 2,048,136
Hire purchase contracts (see note 17) 644,540 1,114,703
2,029,067 3,162,839

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

16. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 301,410 393,461
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,205,638 1,573,842
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more than 5 years
by instalments 178,889 474,294
178,889 474,294

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 783,076 939,500
Between one and five years 695,471 1,200,357
1,478,547 2,139,857

Finance charges repayable:
Within one year 61,493 60,482
Between one and five years 50,931 85,654
112,424 146,136

Net obligations repayable:
Within one year 721,583 879,018
Between one and five years 644,540 1,114,703
1,366,123 1,993,721

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

17. LEASING AGREEMENTS - continued

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 220,000 220,000
Between one and five years 110,000 330,000
330,000 550,000

18. SECURED DEBTS

The following secured debts are included within creditors:

Group
2024 2023
£    £   
Bank loans 1,685,937 2,441,597
Hire purchase contracts 1,366,123 1,993,721
3,052,060 4,435,318

The hire purchase agreements are secured on the asset to which they relate.

The bank facilities are secured by a debenture over the whole of the group's assets, and cross guarantees by all of the group members.

The group's invoice discounting facility is secured by a fixed and floating charge over the trade debt to which it relates.

19. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 4,324,925 4,275,740

Other provisions 1,700,000 1,700,000

Aggregate amounts 6,024,925 5,975,740

Group
Deferred
tax
£   
Balance at 1st October 2023 4,275,740
Accelerated capital allowances 49,185
Balance at 30th September 2024 4,324,925

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

19. PROVISIONS FOR LIABILITIES - continued

In March 2011 the group entered into a lease in respect of land situated at Purfleet, Essex.

As part of the agreement, the group paid a security deposit of £1,700,000 to the landlord relating to the estimated costs of clearing the group's materials from the site comprising aggregates, waste, building materials etc. The deposit will be released upon the group vacating the site and removing the materials, and is included within Other Debtors falling due after more than one year.

In recognition of the group's future commitment for costs to clear the site, a similar provision of £1,700,000 is included within Provisions for Liabilities.

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,300 Ordinary £1 8,300 8,300

21. RESERVES

Group
Capital Fair
Retained redemption value
earnings reserve reserve Totals
£    £    £    £   

At 1st October 2023 14,472,392 1,700 3,710,456 18,184,548
Profit for the year 1,613,555 1,613,555
At 30th September 2024 16,085,947 1,700 3,710,456 19,798,103

Company
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st October 2023 6,162,826 1,700 6,164,526
Profit for the year 1,499,319 1,499,319
At 30th September 2024 7,662,145 1,700 7,663,845


22. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

KILLOUGHERY HOLDINGS LTD (REGISTERED NUMBER: 03306495)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

22. RELATED PARTY DISCLOSURES - continued

During the year the group was related to The George Killoughery Limited Executive Retirement Benefits Scheme, Tearman Limited, Tearman LLP, Waterwise Limited and G.J. Killoughery Limited by virtue of all being under the control of the Killoughery family.

It is also related to Killoughery Holdings Limited and Killoughery Properties Limited by virtue of being group companies.

During the period the group undertook the following transactions with its related undertakings.

Company Nature of transaction 2024 2023
Waterwise Limited Sales 11,278 35,985
Waterwise Limited Purchases - 480,000
Tearman Limited Sales - 1,560
Agricultural Holdings Limited Sales - 12,171
G.J. Killoughery Limited Sales 620,684 840,451
G.J. Killoughery Limited Purchases 412,938 614,656


As at the balance sheet date the financial statements included the following balances with related parties;

2024 2023
£ £
Tearman Limited Other debtors 1,875,692 2,520,901
Killoughery Waste Management Limited Other creditors - 16,690

23. ULTIMATE CONTROLLING PARTY

The group was under the control of Mr J Killoughery throughout the current period by way of his majority shareholding.