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Registered number: 08455601
KBR Gas Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Rupert King & Company Limited
Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08455601
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 262,085 216,263
Investments 5 50,625 50,162
312,710 266,425
CURRENT ASSETS
Debtors 6 131,076 104,028
Cash at bank and in hand 153,229 215,203
284,305 319,231
Creditors: Amounts Falling Due Within One Year 7 (174,086 ) (187,812 )
NET CURRENT ASSETS (LIABILITIES) 110,219 131,419
TOTAL ASSETS LESS CURRENT LIABILITIES 422,929 397,844
Creditors: Amounts Falling Due After More Than One Year 8 (6,516 ) (16,613 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,857 ) (10,186 )
NET ASSETS 391,556 371,045
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 391,554 371,043
SHAREHOLDERS' FUNDS 391,556 371,045
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr K B Roberts
Director
30/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
KBR Gas Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08455601 . The registered office is Stanton House, 31 Westgate, Grantham, Lincolnshire, NG31 6LX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not provided
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 13)
14 13
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 162,655 37,066 113,699 16,251
Additions - 1,209 75,530 -
As at 31 March 2025 162,655 38,275 189,229 16,251
Depreciation
As at 1 April 2024 - 23,354 83,322 12,256
Provided during the period - 2,983 26,477 599
As at 31 March 2025 - 26,337 109,799 12,855
Net Book Value
As at 31 March 2025 162,655 11,938 79,430 3,396
As at 1 April 2024 162,655 13,712 30,377 3,995
Computer Equipment Total
£ £
Cost
As at 1 April 2024 35,590 365,261
Additions 1,440 78,179
As at 31 March 2025 37,030 443,440
Depreciation
As at 1 April 2024 30,066 148,998
Provided during the period 2,298 32,357
As at 31 March 2025 32,364 181,355
Net Book Value
As at 31 March 2025 4,666 262,085
As at 1 April 2024 5,524 216,263
Included in cost of land and buildings is freehold property of £162,655 (2024 - £162,655) which is not depreciated.
Page 4
Page 5
5. Investments
Listed
£
Cost
As at 1 April 2024 50,162
Additions 463
As at 31 March 2025 50,625
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 50,625
As at 1 April 2024 50,162
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 103,143 85,336
Prepayments and accrued income 27,233 18,692
Other debtors 700 -
131,076 104,028
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 34,166 37,854
Bank loans and overdrafts 10,000 10,000
Corporation tax 12,694 22,633
Other taxes and social security 8,917 9,136
VAT 19,035 20,932
Other creditors 1,271 882
Accruals and deferred income 32,877 31,186
Directors' loan accounts 55,126 55,189
174,086 187,812
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 6,516 16,613
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 5