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Company Registration No. 02783398 (England and Wales)
K.G. Drain Services Limited Unaudited accounts for the year ended 31 March 2025
K.G. Drain Services Limited Unaudited accounts Contents
Page
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K.G. Drain Services Limited Company Information for the year ended 31 March 2025
Directors
M Goodyear L Goodyear
Company Number
02783398 (England and Wales)
Registered Office
UNIT 2 MERIDIAN HOUSE NAZEING NEW ROAD BROXBOURNE EN10 6SX ENGLAND
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors Crown House, York Road Shiptonthorpe York East Yorkshire YO43 3PF
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K.G. Drain Services Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,942 
42,031 
Current assets
Inventories
- 
58,000 
Debtors
38,692 
46,594 
Cash at bank and in hand
116,795 
80,160 
155,487 
184,754 
Creditors: amounts falling due within one year
(49,621)
(67,379)
Net current assets
105,866 
117,375 
Total assets less current liabilities
137,808 
159,406 
Creditors: amounts falling due after more than one year
- 
(1,472)
Provisions for liabilities
Deferred tax
(7,312)
(9,877)
Net assets
130,496 
148,057 
Capital and reserves
Called up share capital
130 
130 
Profit and loss account
130,366 
147,927 
Shareholders' funds
130,496 
148,057 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by
M Goodyear Director Company Registration No. 02783398
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K.G. Drain Services Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
K.G. Drain Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02783398. The registered office is UNIT 2 MERIDIAN HOUSE, NAZEING NEW ROAD, BROXBOURNE, EN10 6SX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on a reducing balance
Motor vehicles
25% on a reducing balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
221,172 
189,305 
410,477 
At 31 March 2025
221,172 
189,305 
410,477 
Depreciation
At 1 April 2024
212,955 
155,491 
368,446 
Charge for the year
1,635 
8,454 
10,089 
At 31 March 2025
214,590 
163,945 
378,535 
Net book value
At 31 March 2025
6,582 
25,360 
31,942 
At 31 March 2024
8,217 
33,814 
42,031 
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K.G. Drain Services Limited Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,436 
37,393 
Accrued income and prepayments
7,585 
8,530 
Other debtors
671 
671 
38,692 
46,594 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
7,519 
8,758 
Obligations under finance leases and hire purchase contracts
1,133 
3,204 
Trade creditors
9,783 
7,525 
Taxes and social security
25,627 
31,498 
Other creditors
528 
1,857 
Loans from directors
1,351 
3,117 
Accruals
3,680 
11,420 
49,621 
67,379 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
1,472 
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
76 Ordinary shares of £1 each
76 
76 
54 Ordinary B shares of £1 each
54 
54 
130 
130 
9
Average number of employees
During the year the average number of employees was 4 (2024: 8).
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