IRIS Accounts Production v25.1.4.42 02132685 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021326852023-09-30021326852024-09-30021326852023-10-012024-09-30021326852022-09-30021326852022-10-012023-09-30021326852023-09-3002132685ns15:EnglandWales2023-10-012024-09-3002132685ns14:PoundSterling2023-10-012024-09-3002132685ns10:Director12023-10-012024-09-3002132685ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3002132685ns10:SmallEntities2023-10-012024-09-3002132685ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3002132685ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3002132685ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3002132685ns10:FullAccounts2023-10-012024-09-3002132685ns10:Director22023-10-012024-09-3002132685ns10:RegisteredOffice2023-10-012024-09-3002132685ns5:CurrentFinancialInstruments2024-09-3002132685ns5:CurrentFinancialInstruments2023-09-3002132685ns5:Non-currentFinancialInstruments2024-09-3002132685ns5:Non-currentFinancialInstruments2023-09-3002132685ns5:ShareCapital2024-09-3002132685ns5:ShareCapital2023-09-3002132685ns5:RetainedEarningsAccumulatedLosses2024-09-3002132685ns5:RetainedEarningsAccumulatedLosses2023-09-3002132685ns5:PlantMachinery2023-10-012024-09-3002132685ns5:MotorVehicles2023-10-012024-09-3002132685ns5:ComputerEquipment2023-10-012024-09-3002132685ns5:PlantMachinery2023-09-3002132685ns5:MotorVehicles2023-09-3002132685ns5:ComputerEquipment2023-09-3002132685ns5:PlantMachinery2024-09-3002132685ns5:MotorVehicles2024-09-3002132685ns5:ComputerEquipment2024-09-3002132685ns5:PlantMachinery2023-09-3002132685ns5:MotorVehicles2023-09-3002132685ns5:ComputerEquipment2023-09-3002132685ns5:CostValuation2023-09-3002132685ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3002132685ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3002132685ns5:CurrentFinancialInstruments2023-10-012024-09-3002132685ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-09-3002132685ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-09-3002132685ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-09-3002132685ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-09-3002132685ns5:HirePurchaseContracts2024-09-3002132685ns5:HirePurchaseContracts2023-09-30
REGISTERED NUMBER: 02132685 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

KENBURN WASTE MANAGEMENT LIMITED

KENBURN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 02132685)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KENBURN WASTE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: D W Hall
G A Foxcroft





REGISTERED OFFICE: Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS





REGISTERED NUMBER: 02132685 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

KENBURN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 02132685)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 15,246 85,077
Investments 5 75,292 75,292
90,538 160,369

CURRENT ASSETS
Inventories 97,821 164,937
Debtors 6 237,560 309,879
Cash at bank 51,097 120,564
386,478 595,380
CREDITORS
Amounts falling due within one year 7 416,127 502,121
NET CURRENT (LIABILITIES)/ASSETS (29,649 ) 93,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,889

253,628

CREDITORS
Amounts falling due after more than one
year

8

-

(125,532

)

PROVISIONS FOR LIABILITIES (581 ) (13,702 )
NET ASSETS 60,308 114,394

KENBURN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 02132685)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 89,401 89,401
Retained earnings (29,093 ) 24,993
SHAREHOLDERS' FUNDS 60,308 114,394

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 17 December 2024 and were signed on its behalf by:





D W Hall - Director


KENBURN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 02132685)

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

1. STATUTORY INFORMATION

Kenburn Waste Management 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, and its place of business is Kenburn House, Porters Wood, St Albans, AL3 6HX.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption
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.

Revenue
Revenue (also described as sales or turnover) is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue Recognition
Revenue is recognised on the sale of goods when the goods are delivered and title has passed, and is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Motor vehicles - over the term of the lease
Computer equipment - 33% on cost

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Inventories
Inventories (also described as stock) are measured at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated on a first in, first out basis and includes all costs to purchase, and other costs incurred in bringing the inventories to their present location and condition. Where consignment stock is in substance an asset of the company, it is recognised as such on the balance sheet.

KENBURN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 02132685)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method. There are no advanced instruments currently recognised by the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs
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.

Hire purchase and leasing 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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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

KENBURN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 02132685)

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

2. ACCOUNTING POLICIES - continued

Equipment leased to customers and instalment credit agreements
Assets leased to customers under contract purchase agreements which transfer substantially all the risk and rewards associated with ownership, other than legal title, are classified as finance leases. Finance lease receivables are included within current assets.

Lease agreements, which do not represent finance leases, are classified as operating leases. Assets leased to customers under such agreements are included within fixed assets and depreciated over their lease term down to their anticipated realisable value on a straight line basis.

Government grants
Government grants are recognised under the accrual model. Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 13,371 182,182 13,895 209,448
Additions 845 - - 845
Disposals - (97,140 ) (1,724 ) (98,864 )
At 30 September 2024 14,216 85,042 12,171 111,429
DEPRECIATION
At 1 October 2023 3,390 107,701 13,280 124,371
Charge for year 1,380 27,755 370 29,505
Eliminated on disposal - (55,968 ) (1,725 ) (57,693 )
At 30 September 2024 4,770 79,488 11,925 96,183
NET BOOK VALUE
At 30 September 2024 9,446 5,554 246 15,246
At 30 September 2023 9,981 74,481 615 85,077

KENBURN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 02132685)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 75,292
NET BOOK VALUE
At 30 September 2024 75,292
At 30 September 2023 75,292

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 173,649 137,413
Amounts owed by group undertakings - 120,000
Other debtors 63,911 52,466
237,560 309,879

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 9) 4,360 23,645
Payments on account 4,926 33,259
Trade creditors 171,316 127,938
Taxation and social security 50,351 58,087
Other creditors 185,174 259,192
416,127 502,121

The National Westminster Bank Plc holds an unscheduled mortgage debenture creating a fixed and floating charge over all current and future assets of the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 80,000
Hire purchase contracts (see note 9) - 45,532
- 125,532

KENBURN WASTE MANAGEMENT LIMITED (REGISTERED NUMBER: 02132685)

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

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 4,360 23,645
Between one and five years - 45,532
4,360 69,177