Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseNo description of principal activity66truefalsefalse 07313315 2023-08-01 2024-07-31 07313315 2022-08-01 2023-07-31 07313315 2024-07-31 07313315 2023-07-31 07313315 2022-08-01 07313315 c:PriorPeriodIncreaseDecrease 2022-08-01 2023-07-31 07313315 d:Director1 2023-08-01 2024-07-31 07313315 d:Director2 2023-08-01 2024-07-31 07313315 d:RegisteredOffice 2023-08-01 2024-07-31 07313315 c:PlantMachinery 2023-08-01 2024-07-31 07313315 c:PlantMachinery 2024-07-31 07313315 c:PlantMachinery 2023-07-31 07313315 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07313315 c:FurnitureFittings 2023-08-01 2024-07-31 07313315 c:FurnitureFittings 2024-07-31 07313315 c:FurnitureFittings 2023-07-31 07313315 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07313315 c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07313315 c:CurrentFinancialInstruments 2024-07-31 07313315 c:CurrentFinancialInstruments 2023-07-31 07313315 c:CurrentFinancialInstruments c:WithinOneYear 2024-07-31 07313315 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 07313315 c:ShareCapital 2023-08-01 2024-07-31 07313315 c:ShareCapital 2024-07-31 07313315 c:ShareCapital 2022-08-01 2023-07-31 07313315 c:ShareCapital 2023-07-31 07313315 c:ShareCapital 2022-08-01 07313315 c:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 07313315 c:RetainedEarningsAccumulatedLosses 2024-07-31 07313315 c:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 07313315 c:RetainedEarningsAccumulatedLosses 2023-07-31 07313315 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2022-08-01 2023-07-31 07313315 c:RetainedEarningsAccumulatedLosses 2022-08-01 07313315 c:AcceleratedTaxDepreciationDeferredTax 2024-07-31 07313315 c:AcceleratedTaxDepreciationDeferredTax 2023-07-31 07313315 d:OrdinaryShareClass1 2023-08-01 2024-07-31 07313315 d:OrdinaryShareClass1 2024-07-31 07313315 d:OrdinaryShareClass1 2023-07-31 07313315 d:FRS102 2023-08-01 2024-07-31 07313315 d:Audited 2023-08-01 2024-07-31 07313315 d:FullAccounts 2023-08-01 2024-07-31 07313315 d:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07313315 e:PoundSterling 2023-08-01 2024-07-31 07313315 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2022-08-01 2023-07-31 07313315 c:RetainedEarningsAccumulatedLosses c:PreviouslyStatedAmount 2022-08-01 07313315 c:PreviouslyStatedAmount 2022-08-01 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07313315










KKB REMEDIATION LIMITED










DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
KKB REMEDIATION LIMITED
 
 
COMPANY INFORMATION


Directors
Mr Dalbeer Singh Bhanot 
Mr Craig Hore 




Registered number
07313315



Registered office
Alpha House, Culpeper Close
Medway City Estate

Rochester

Kent

ME2 4HU




Independent auditors
Xeinadin Audit Limited

Chartered Accountants & Statutory Auditors

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
KKB REMEDIATION LIMITED
 

CONTENTS



Page
Directors' Report
1 - 2
Independent Auditors' Report
3 - 6
Statement of Comprehensive Income
7
Statement of Financial Position
8
Statement of Changes in Equity
9 - 10
Notes to the Financial Statements
11 - 16


 
KKB REMEDIATION LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2024

The directors present their report and the financial statements for the year ended 31 July 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

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

Results and dividends

The profit for the year, after taxation, amounted to £552,412 (2023 - £535,246).

The directors have approved a dividend in the year of £649,503 (2023- £1,246,400).

Directors

The directors who served during the year were:

Mr Dalbeer Singh Bhanot 
Mr Craig Hore 

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 1

 
KKB REMEDIATION LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

Under section 487(2) of the Companies Act 2006Xeinadin Audit Limited will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 12 August 2025 and signed on its behalf.
 





Mr Dalbeer Singh Bhanot
Director

Page 2

 
KKB REMEDIATION LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KKB REMEDIATION LIMITED
 

Opinion


We have audited the financial statements of KKB Remediation Limited (the 'Company') for the year ended 31 July 2024, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe 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 Company's affairs as at 31 July 2024 and of its 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 Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 directors' 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 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 directors with respect to going concern are described in the relevant sections of this report.


Page 3

 
KKB REMEDIATION LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KKB REMEDIATION LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur 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. 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 course of 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.


Opinion 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors' Report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.

Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are 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 directors determine is 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 directors are responsible for assessing the 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 directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 4

 
KKB REMEDIATION LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KKB REMEDIATION LIMITED (CONTINUED)


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 an Auditors' Report 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.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
 
Enquiry of management and those charged with governance around actual and potential litigation and claims;
Enquiry of management and those charged with governance to identify any instances of non-compliance with laws and regulations;
Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

The potential effect of these laws and regulations on the financial statements varies considerably.

Firstly, the Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly, the Company is subject to many other laws and regulations where the consequence of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: health and safety including data protection laws, anti-bribery, money laundering and employment law compliance recognising the nature of the Company's activities. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach.

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. 

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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 Auditors' Report.


Page 5

 
KKB REMEDIATION LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KKB REMEDIATION LIMITED (CONTINUED)


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 2006Our 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 an Auditors' Report 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.





Paul Laxton FCCA (Senior Statutory Auditor)
  
for and on behalf of
Xeinadin Audit Limited
 
Chartered Accountants & Statutory Auditors
8th Floor
Becket House
36 Old Jewry
London
EC2R 8DD

13 August 2025
Page 6

 
KKB REMEDIATION LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2024

2024
2023
£
£

  

Turnover
  
5,234,819
7,432,940

Cost of sales
  
(3,711,590)
(5,892,628)

Gross profit
  
1,523,229
1,540,312

Administrative expenses
  
(1,029,255)
(944,946)

Other operating income
  
(4,838)
(414)

Operating profit
  
489,136
594,952

Interest payable and similar expenses
  
(3,463)
(55,631)

Profit before tax
  
485,673
539,321

Tax on profit
  
66,739
(4,075)

Profit for the financial year
  
552,412
535,246

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 11 to 16 form part of these financial statements.

Page 7

 
KKB REMEDIATION LIMITED
REGISTERED NUMBER: 07313315

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
Restated 2023 
Note
£
£

Fixed assets
  

Tangible assets
 5 
195,566
566,952

  
195,566
566,952

Current assets
  

Stocks
  
1,066,324
299,758

Debtors: amounts falling due within one year
 6 
2,534,799
2,581,835

Cash at bank and in hand
  
-
57,128

  
3,601,123
2,938,721

Creditors: amounts falling due within one year
 7 
(924,579)
(469,733)

Net current assets
  
 
 
2,676,544
 
 
2,468,988

Total assets less current liabilities
  
2,872,110
3,035,940

Provisions for liabilities
  

Deferred tax
 8 
(48,892)
(115,631)

  
 
 
(48,892)
 
 
(115,631)

Net assets
  
2,823,218
2,920,309


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
2,823,118
2,920,209

  
2,823,218
2,920,309


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 August 2025.




Mr Dalbeer Singh Bhanot
Director

The notes on pages 11 to 16 form part of these financial statements.

Page 8

 
KKB REMEDIATION LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 August 2023
100
2,920,209
2,920,309


Comprehensive income for the year

Profit for the year
-
552,412
552,412
Total comprehensive income for the year
-
552,412
552,412


Contributions by and distributions to owners

Dividends: Equity capital
-
(649,503)
(649,503)


Total transactions with owners
-
(649,503)
(649,503)


At 31 July 2024
100
2,823,118
2,823,218


The notes on pages 11 to 16 form part of these financial statements.

Page 9

 
KKB REMEDIATION LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 August 2022 (as previously stated)
100
3,870,877
3,870,977

Prior year adjustment - correction of error
-
(239,514)
(239,514)

At 1 August 2022 (as restated)
100
3,631,363
3,631,463


Comprehensive income for the year

Profit for the year
-
535,246
535,246
Total comprehensive income for the year
-
535,246
535,246


Contributions by and distributions to owners

Dividends: Equity capital
-
(1,246,400)
(1,246,400)


Total transactions with owners
-
(1,246,400)
(1,246,400)


At 31 July 2023
100
2,920,209
2,920,309


The notes on pages 11 to 16 form part of these financial statements.

Page 10

 
KKB REMEDIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The company is a provate company limited by shares, registered in England. The address of the registered office and principal place of business is Alpha House, Culpeper Close, Medway City Estate, Rochester, Kent, ME2 4HU. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue  can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover relates to remediation services recognised over the period of the service when the service is provided.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 11

 
KKB REMEDIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
12%
Straight line
Fixtures and fittings
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 12

 
KKB REMEDIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Depreciation of tangible assets
98,307
147,124

Fees payable for the audit of the financial statements
9,000
9,000

Page 13

 
KKB REMEDIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
1,095,826
36,246
1,132,072


Disposals
(647,420)
-
(647,420)



At 31 July 2024

448,406
36,246
484,652



Depreciation


At 1 August 2023
530,353
34,767
565,120


Charge for the year on owned assets
96,829
1,479
98,308


Disposals
(374,342)
-
(374,342)



At 31 July 2024

252,840
36,246
289,086



Net book value



At 31 July 2024
195,566
-
195,566



At 31 July 2023
565,473
1,479
566,952


6.


Debtors

2024
Restated 2023
£
£


Trade debtors
598,255
87,888

Amounts owed by group undertakings
1,652,820
2,337,777

Other debtors
271,709
156,170

Prepayments and accrued income
12,015
-

2,534,799
2,581,835


Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

Page 14

 
KKB REMEDIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
84,005
-

Trade creditors
613,236
66,307

Amounts owed to group undertakings
16,807
6,001

Other taxation and social security
8,841
5,599

Obligations under finance lease and hire purchase contracts
57,791
219,801

Other creditors
87,986
55,538

Accruals and deferred income
55,913
116,487

924,579
469,733


Obligations under hire purchase contracts are secured against the assets they relate.


8.


Deferred taxation




2024


£






At beginning of year
(115,631)


Utilised in year
66,739



At end of year
(48,892)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(48,892)
(115,631)

(48,892)
(115,631)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares shares of £1.00 each
100
100


Page 15

 
KKB REMEDIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Prior year adjustment

Other debtors have been adjusted to present the true nature of this amount in relation to the year ended 31st July 2022 which has given rise to a prior year adjustment. The prior year adjustment has resulted in a decrease of other debtors of £239,514 and a decrease in reserves of £239,514 for the year ended 31st July 2023.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,877 (2023 - £8,354). 


12.


Related party transactions

The company is exempt under the terms of Financial Reporting Standard 102 (FRS 102) from disclosing related party transactions with entities that are in the consolidated financial statements of KRR Basico Limited, on the grounds that 100% of the voting rights in the company are controlled within the group and the company is included in consolidated financial statements prepared by the group.
The company has identified the following transactions which fail to be disclosed under terms of FRS 102 "Related Party Transactions". 
At the year-end, Recycled Roadways Limited owed the company £259,431 (2023 - £147,666), which is included in other debtors.
Recycled Roadways Limited is deemed to be related parties due to having common ultimate controlling party. 


13.


Controlling party

The company's immediate parent undertaking us KRR Basico Limited, a company incorporated in England and Wales. The ultimate controlling party is KRR Basico Trustee Limited.
The smallest and largest group of undertakings for which group accounts are drawn up and of which the company is a member, is KRR Basico Limited. Group financial statements are available from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.

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