IRIS Accounts Production v25.1.4.42 07331382 Board of Directors 1.6.23 30.5.24 30.5.24 28/8/2025 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073313822023-05-31073313822024-05-30073313822023-06-012024-05-30073313822022-05-31073313822022-06-012023-05-31073313822023-05-3107331382ns15:EnglandWales2023-06-012024-05-3007331382ns14:PoundSterling2023-06-012024-05-3007331382ns10:Director12023-06-012024-05-3007331382ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3007331382ns10:SmallEntities2023-06-012024-05-3007331382ns10:Audited2023-06-012024-05-3007331382ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3007331382ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3007331382ns10:FullAccounts2023-06-012024-05-3007331382ns10:OrdinaryShareClass12023-06-012024-05-300733138212023-06-012024-05-3007331382ns10:Director22023-06-012024-05-3007331382ns10:RegisteredOffice2023-06-012024-05-3007331382ns5:CurrentFinancialInstruments2024-05-3007331382ns5:CurrentFinancialInstruments2023-05-3107331382ns5:Non-currentFinancialInstruments2024-05-3007331382ns5:Non-currentFinancialInstruments2023-05-3107331382ns5:ShareCapital2024-05-3007331382ns5:ShareCapital2023-05-3107331382ns5:RetainedEarningsAccumulatedLosses2024-05-3007331382ns5:RetainedEarningsAccumulatedLosses2023-05-3107331382ns5:LeaseholdImprovements2023-06-012024-05-3007331382ns5:PlantMachinery2023-06-012024-05-3007331382ns5:FurnitureFittings2023-06-012024-05-3007331382ns5:MotorVehicles2023-06-012024-05-3007331382ns5:LeaseholdImprovements2023-05-3107331382ns5:PlantMachinery2023-05-3107331382ns5:FurnitureFittings2023-05-3107331382ns5:MotorVehicles2023-05-3107331382ns5:LeaseholdImprovements2024-05-3007331382ns5:PlantMachinery2024-05-3007331382ns5:FurnitureFittings2024-05-3007331382ns5:MotorVehicles2024-05-3007331382ns5:LeaseholdImprovements2023-05-3107331382ns5:PlantMachinery2023-05-3107331382ns5:FurnitureFittings2023-05-3107331382ns5:MotorVehicles2023-05-3107331382ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3007331382ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3107331382ns10:OrdinaryShareClass12024-05-30
REGISTERED NUMBER: 07331382 (England and Wales)















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: A J Wall
J M Wall





REGISTERED OFFICE: Elfed House
Oak Tree Court
Cardiff Gate Business Park
Cardiff
South Glamorgan
CF23 8RS





REGISTERED NUMBER: 07331382 (England and Wales)





AUDITORS: Advantage Accountancy & Advisory Ltd,
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 87,023 156,842

CURRENT ASSETS
Stocks 9,315 9,044
Debtors 5 113,860 159,896
Cash at bank 1,086 10,984
124,261 179,924
CREDITORS
Amounts falling due within one year 6 (1,151,811 ) (1,141,503 )
NET CURRENT LIABILITIES (1,027,550 ) (961,579 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(940,527

)

(804,737

)

CREDITORS
Amounts falling due after more than one
year

7

-

(16,659

)
NET LIABILITIES (940,527 ) (821,396 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (940,529 ) (821,398 )
SHAREHOLDERS' FUNDS (940,527 ) (821,396 )

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





J M Wall - Director


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 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.

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
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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and Fittings - 25% on cost
Motor vehicles - 25% on reducing balance

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 18 (2023 - 18 ) .

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 10,155 84,211 3,446 1,045,971 1,143,783
Disposals - - - (100,992 ) (100,992 )
At 30 May 2024 10,155 84,211 3,446 944,979 1,042,791
DEPRECIATION
At 1 June 2023 3,715 83,174 3,338 896,714 986,941
Charge for period 1,016 1,014 48 33,694 35,772
Eliminated on disposal - - - (66,945 ) (66,945 )
At 30 May 2024 4,731 84,188 3,386 863,463 955,768
NET BOOK VALUE
At 30 May 2024 5,424 23 60 81,516 87,023
At 31 May 2023 6,440 1,037 108 149,257 156,842

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 101,698 144,949
Prepayments and accrued income 12,162 14,947
113,860 159,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 16,659 54,454
Trade creditors 6,555 17,229
Social security and other taxes 124,266 250,942
Other creditors 994,521 811,929
Accruals and deferred income 9,810 6,949
1,151,811 1,141,503

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 16,659

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: £    £   
2 Ordinary £1 2 2

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen John Bickerton (Senior Statutory Auditor)
for and on behalf of Advantage Accountancy & Advisory Ltd,

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.