| REGISTERED NUMBER: |
| KERB KING 24/7 LTD |
| PREVIOUSLY KNOWN AS |
| 24/7 RESCUE & RECOVERY (MEMBURY) LTD |
| Financial Statements |
| for the Period 1 June 2023 to 30 May 2024 |
| REGISTERED NUMBER: |
| KERB KING 24/7 LTD |
| PREVIOUSLY KNOWN AS |
| 24/7 RESCUE & RECOVERY (MEMBURY) LTD |
| Financial Statements |
| for the Period 1 June 2023 to 30 May 2024 |
| KERB KING 24/7 LTD (REGISTERED NUMBER: 07331382) |
| PREVIOUSLY KNOWN AS 24/7 RESCUE & RECOVERY (MEMBURY) LTD |
| Contents of the Financial Statements |
| FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| KERB KING 24/7 LTD |
| PREVIOUSLY KNOWN AS 24/7 RESCUE & RECOVERY (MEMBURY) LTD |
| Company Information |
| FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Certified Accountants and |
| Statutory Auditors, |
| Avalon House, |
| 5-7 Cathedral Road, |
| Cardiff, |
| CF11 9HA |
| KERB KING 24/7 LTD (REGISTERED NUMBER: 07331382) |
| PREVIOUSLY KNOWN AS 24/7 RESCUE & RECOVERY (MEMBURY) LTD |
| Balance Sheet |
| 30 MAY 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| KERB KING 24/7 LTD (REGISTERED NUMBER: 07331382) |
| PREVIOUSLY KNOWN AS 24/7 RESCUE & RECOVERY (MEMBURY) LTD |
| Notes to the Financial Statements |
| FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024 |
| 1. | STATUTORY INFORMATION |
| Kerb King 24/7 Ltd is a |
| The company's functional currency and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound. |
| The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| There have been no material departures from FRS 102 (Section 1 A) during the year. |
| GOING CONCERN |
| At the year end, the company had net liabilities of £940,527 however, the going concern basis of preparation of the financial statements is considered appropriate as the company has the continuing support of companies under common control to enable it to meet its' liabilities as they fall due for payment. |
| TURNOVER |
| Turnover represents amounts billed and billable in respect of vehicle recovery and repair services provided, excluding value added tax. |
| TANGIBLE FIXED ASSETS |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and Fittings | - |
| Motor vehicles | - |
| STOCKS |
| Stocks have been valued at the lower of cost and estimated selling price less costs to sell. |
| TAXATION |
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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 period 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| KERB KING 24/7 LTD (REGISTERED NUMBER: 07331382) |
| PREVIOUSLY KNOWN AS 24/7 RESCUE & RECOVERY (MEMBURY) LTD |
| Notes to the Financial Statements - continued |
| FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and | Motor |
| property | machinery | Fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 June 2023 |
| Disposals | ( |
) | ( |
) |
| At 30 May 2024 |
| DEPRECIATION |
| At 1 June 2023 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 May 2024 |
| NET BOOK VALUE |
| At 30 May 2024 |
| At 31 May 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Hire purchase contracts |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Hire purchase contracts | 16,659 | 71,113 |
| The hire purchase liability is secured on the associated fixed asset. |
| KERB KING 24/7 LTD (REGISTERED NUMBER: 07331382) |
| PREVIOUSLY KNOWN AS 24/7 RESCUE & RECOVERY (MEMBURY) LTD |
| Notes to the Financial Statements - continued |
| FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | 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. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party was Mr J M Wall. |
| The company's results will be consolidated into the Walls Truck Services Ltd group financial statements for the period ended 30 May 2024. The company's ultimate parent undertaking at the balance sheet date was Walls Truck Services Ltd (Registration number: 04409477). The company has taken advantage of exemption, under Section 33 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. |