REGISTERED NUMBER: 05155563 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KSD ENVIRONMENTAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Baker

P F J McDonnell

M A Ratcliffe

SECRETARY:

M A Ratcliffe

REGISTERED OFFICE:

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

05155563 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

FIXED ASSETS

Intangible assets

4

45,573

61,039

Tangible assets

5

1,313,674

1,159,733

1,359,247

1,220,772

CURRENT ASSETS

Debtors

6

733,562

728,698

Cash at bank

15,474

1,037

749,036

729,735

CREDITORS

Amounts falling due within one year

7

2,525,883

2,474,542

NET CURRENT LIABILITIES

(1,776,847

)

(1,744,807

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(417,600

)

(524,035

)

CREDITORS

Amounts falling due after more than one year

8

705,143

507,943

NET LIABILITIES

(1,122,743

)

(1,031,978

)

CAPITAL AND RESERVES

Called up share capital

3

3

Revaluation reserve

12

492,987

492,987

Retained earnings

(1,615,733

)

(1,524,968

)

(1,122,743

)

(1,031,978

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

M A Ratcliffe - Director

1.	STATUTORY INFORMATION

KSD Environmental Services Limited 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 presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover

Turnover derives from the hire of skips, and the provision of a waste transfer facility.

Turnover is recognised when skip hire and waste transfer facilitation are provided. Turnover represents amounts invoiced net of value added tax and discounts.

Goodwill

The brought forward goodwill relates to the acquisition of a business in 2004 and is being amortised evenly over its estimated useful life of 20 years.

The brought forward goodwill also relates to the purchase in December 2018 of the trade and assets of a business. This goodwill is being amortised over its estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible assets are measured at cost less any accumulated depreciation and accumulated impairment losses.

Plant and Machinery has been subsequently measured at fair value at the reporting end date. Any aggregate surplus arising from changes in fair value is recognised in other comprehensive income and accumulated in equity,

Depreciation is provided at the following annual straight line rates in order to write off each asset over its estimated useful life.

Leasehold improvements - over 10 and 20 years

Plant and machinery - over 10 and 20 years

Motor vehicle - over 7 years

Office and computer equipment - over 7 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

175,913

AMORTISATION

At 1 January 2024

114,874

Amortisation for year

15,466

At 31 December 2024

130,340

NET BOOK VALUE

At 31 December 2024

45,573

At 31 December 2023

61,039

5.	TANGIBLE FIXED ASSETS

Office

and

Leasehold

Plant and

Motor

computer

improvements

machinery

vehicles

equipmt

Totals

£

£

£

£

£

COST OR VALUATION

At 1 January 2024

159,647

1,941,239

14,500

198,913

2,314,299

Additions

-

325,700

-

-

325,700

At 31 December 2024

159,647

2,266,939

14,500

198,913

2,639,999

DEPRECIATION

At 1 January 2024

123,983

839,411

3,280

187,892

1,154,566

Charge for year

9,705

155,293

2,071

4,690

171,759

At 31 December 2024

133,688

994,704

5,351

192,582

1,326,325

NET BOOK VALUE

At 31 December 2024

25,959

1,272,235

9,149

6,331

1,313,674

At 31 December 2023

35,664

1,101,828

11,220

11,021

1,159,733

Cost or valuation at 31 December 2024 is represented by:

Office

and

Leasehold

Plant and

Motor

computer

improvements

machinery

vehicles

equipmt

Totals

£

£

£

£

£

Cost

159,647

2,266,939

14,500

198,913

2,639,999

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

559,292

560,110

Other debtors

127,059

114,570

Prepayments and accrued income

47,211

54,018

733,562

728,698

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 9)

157,686

187,835

Other loans (see note 9)

89,527

62,909

Finance leases (see note 10)

100,526

72,912

Trade creditors

606,185

793,386

Tax

227,765

-

Social security and other taxes

25,946

21,965

VAT

61,988

384,791

Other creditors

1,030,123

698,491

Directors' current accounts

179,577

90,000

Accruals and deferred income

46,560

162,253

2,525,883

2,474,542

Included within other creditors is £455,000 (2023 £150,000 ) due to companies under common control. These loans are interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 9)

350,444

442,549

Other loans (see note 9)

143,943

-

Finance leases (see note 10)

210,756

65,394

705,143

507,943

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

56,903

93,899

Bank loans

100,783

93,936

Other loans

89,527

62,909

247,213

250,744

Amounts falling due between one and two years:

Bank loans - 1-2 years

108,349

101,444

Other loans - 1-2 years

75,049

-

183,398

101,444

Amounts falling due between two and five years:

Bank loans - 2-5 years

242,095

341,105

Other loans - 2-5 years

68,894

-

310,989

341,105

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance Leases

2024

2023

Net obligations repayable:

£

£

Within one year

100,526

72,912

Between one and five years

210,755

65,394

311,281

138,306

Non-Cancellable Operating Leases

2024

2023

£

£

Within one year

81,500

81,500

Between one and five years

326,000

326,000

In more than five years

366,750

448,250

774,250

855,750

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

451,227

594,656

Other loans

233,471

97,026

Other creditors

480,122

537,275

1,164,820

1,228,957

The bank loans are secured by guarantees, fixed and floating charges over assets owned by the company and the directors.

12.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

492,987

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

31.12.24

31.12.23

£

£

M A Ratcliffe

Balance outstanding at start of year

(90,000

)

(14,131

)

Amounts advanced

(128,430

)

21,737

Amounts repaid

38,853

(97,606

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(179,577

)

(90,000

)