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
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
K.G. Drain Services Limited
Statement of financial position
as at 31 March 2025
Tangible assets
31,942
42,031
Cash at bank and in hand
116,795
80,160
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
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
K.G. Drain Services Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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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
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
At 31 March 2025
6,582
25,360
31,942
At 31 March 2024
8,217
33,814
42,031
K.G. Drain Services Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
30,436
37,393
Accrued income and prepayments
7,585
8,530
6
Creditors: amounts falling due within one year
2025
2024
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
Loans from directors
1,351
3,117
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
1,472
Allotted, called up and fully paid:
76 Ordinary shares of £1 each
76
76
54 Ordinary B shares of £1 each
54
54
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Average number of employees
During the year the average number of employees was 4 (2024: 8).