Multi Services Kent Limited Company accounts

COMPANY REGISTRATION NUMBER: 3243381

MULTI SERVICES KENT LIMITED

FINANCIAL STATEMENTS

31 March 2025

MULTI SERVICES KENT LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Pages

Officers and professional advisers	1

Strategic report	2

Directors' report	3 to 4

Independent auditor's report to the members	5 to 8

Statement of comprehensive income	9

Statement of financial position	10

Statement of changes in equity	11

Statement of cash flows	12

Notes to the financial statements	13 to 21

MULTI SERVICES KENT LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	M J Doughty
	N O'Keeffe
	A R Stone
	D J Guildford
	M E Stone

Company secretary	L Mountcastle

Registered office	Numeric House
	98 Station Road
	Sidcup
	Kent
	DA15 7BY

Auditor	Affinia (Orpington)
	Chartered Accountants & statutory auditor
	Lynwood House
	Crofton Road
	Orpington
	Kent
	BR6 8QE

Bankers	Barclays Bank plc
	1 Churchill Place
	Leicestershire
	England
	LE87 2BB

Solicitors	Clarkson Wright & Jakes Ltd
	Valiant House
	12 Knoll Rise
	Orpington
	BR6 0PG

MULTI SERVICES KENT LIMITED

STRATEGIC REPORT

YEAR ENDED 31 MARCH 2025

Multi Services Kent Limited is the parent of a trading subsidiary.

Strategic management The objective of the company is to be the leading provider of services to the construction industry in the UK. To achieve this objective the company's strategy is to deliver their services to exceptional standards, supported by fellow group companies. The company employ traditional values and methods and is committed to delivering services tailored to client's requirements using its wealth of knowledge and skills in the construction industry.

Business environment The company is subject to various health and safety risks due to the nature of business. The company is totally committed to achieving the highest level of health and safety provision throughout all areas of the group and aims to work towards achieving a working environment that is free from work-related accidents and ill health, this is regarded as an ongoing process. The company is fully aware of their environmental responsibilities and has developed their own environmental management system in accordance with the international standards ISO14001:2015.

Key Performance Indicators The level of business and the year end financial position were satisfactory, and the directors expect that the present level of activity will be sustained for the foreseeable future. The Board regards the following as key performance indicators for the company: 1. Gross Profit Percentage The Gross Profit Percentage achieved in 2025 was 21.72% and in 2024 it was 14.51%. 2. The ratio of current assets to current liabilities The ratio of current assets to current liabilities at 31st March 2025 was 4.63 and at 31st March 2024 it was 3.66. The board are satisfied with this result.

This report was approved by the board of directors on 23 December 2025 and signed on behalf of the board by:

M J Doughty Director

MULTI SERVICES KENT LIMITED

DIRECTORS' REPORT

YEAR ENDED 31 MARCH 2025

The directors present their report and the financial statements of the company for the year ended 31 March 2025 .

Directors

The directors who served the company during the year were as follows:

M J Doughty
N O'Keeffe
A R Stone
D J Guildford
M E Stone

Dividends

Particulars of recommended dividends are detailed in note 12 to the financial statements.

Future developments

The company is aware of their social and environmental responsibilities and continually seek ways to improve their environmental policies.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 23 December 2025 and signed on behalf of the board by:

M J Doughty Director

MULTI SERVICES KENT LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MULTI SERVICES KENT LIMITED

YEAR ENDED 31 MARCH 2025

Opinion

We have audited the financial statements of Multi Services Kent Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Emphasis of matter

In forming our opinion we have considered the adequacy of the disclosures made in note 11 of the Financial Statements concerning the company's corporation tax position for earlier years. In view of the significance of this matter we consider it should be drawn to your attention but our audit report is not qualified in this respect.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors' report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the construction sector; - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including Companies Act 2006, taxation legislation, environmental and health and safety legislation; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias - investigated the rationale behind significant or unusual transactions; and - observed and identified internal controls in place, specifically around payroll and bank transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with HMRC and reviewing for evidence of correspondence with legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at: https: Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Middleton FCA

(Senior Statutory Auditor)

For and on behalf of

Affinia (Orpington)

Chartered Accountants & statutory auditor

Lynwood House

Crofton Road

Orpington

Kent

BR6 8QE

23 December 2025

MULTI SERVICES KENT LIMITED

STATEMENT OF COMPREHENSIVE INCOME

YEAR ENDED 31 MARCH 2025

		2025	2024
			(restated)
Note		£	£
Turnover	4	29,567,128	30,122,320

Cost of sales	( 23,145,380)	( 25,751,110)
	-------------	-------------
Gross profit	6,421,748	4,371,210

Administrative expenses		( 7,184,444)	( 2,628,756)
Other operating income	5	748,943	461,096
		------------	------------
Operating (loss)/profit	6	( 13,753)	2,203,550

Interest payable	10	( 7,202)	( 18,645)
		------------	------------
(Loss)/profit before taxation		( 20,955)	2,184,905

Taxation on ordinary activities	11	( 71,336)	( 829,685)
		--------	------------
(Loss)/profit for the financial year and total comprehensive income		( 92,291)	1,355,220
		--------	------------

All the activities of the company are from continuing operations.

MULTI SERVICES KENT LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
			(restated)
Note	£	£	£

Fixed assets

Tangible assets	13	362,860	549,365
Investments	14	792	792
		---------	---------
		363,652	550,157

Current assets

Debtors	15	13,923,595	15,533,882
Cash at bank and in hand		588,767	4,556
		-------------	-------------
		14,512,362	15,538,438

Creditors: amounts falling due within one year	17	3,134,465		4,234,755
		-------------		-------------
Net current assets			11,377,897	11,303,683
			-------------	-------------
Total assets less current liabilities			11,741,549	11,853,840
			-------------	-------------
Net assets			11,741,549	11,853,840
			-------------	-------------

Capital and reserves

Called up share capital	21	15,000	15,000
Share premium account	22	40,000	40,000
Profit and loss account	22	11,686,549	11,798,840
		-------------	-------------
Shareholders funds		11,741,549	11,853,840
		-------------	-------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

„„„„„„„„„„„

M J Doughty

Director

Company registration number: 3243381

MULTI SERVICES KENT LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 MARCH 2025

		Called up share capital	Share premium account	Profit and loss account	Total
Note		£	£	£	£
At 1 April 2023 (as previously reported)		15,000	40,000	9,933,571	9,988,571
Prior period adjustments	20	–	–	510,049	510,049
		--------	--------	-------------	-------------
At 1 April 2023 (restated)		15,000	40,000	10,443,620	10,498,620
		--------	--------	-------------	-------------

Profit for the year				1,355,220	1,355,220
		--------	--------	-------------	-------------
Total comprehensive income for the year		–	–	1,355,220	1,355,220

At 31 March 2024		15,000	40,000	11,798,840	11,853,840

Loss for the year				( 92,291)	( 92,291)
		--------	--------	-------------	-------------
Total comprehensive income for the year		–	–	( 92,291)	( 92,291)

Dividends paid and payable	12	–	–	( 20,000)	( 20,000)
		----	----	--------	--------
Total investments by and distributions to owners		–	–	( 20,000)	( 20,000)

		--------	--------	-------------	-------------
At 31 March 2025		15,000	40,000	11,686,549	11,741,549
		--------	--------	-------------	-------------

MULTI SERVICES KENT LIMITED

STATEMENT OF CASH FLOWS

YEAR ENDED 31 MARCH 2025

	2025	2024
		(restated)
Note	£	£

Cash flows from operating activities

(Loss)/profit for the financial year	( 92,291)	1,355,220

Adjustments for:
Depreciation of tangible assets	186,505	186,663
Interest payable	7,202	18,645
Taxation on ordinary activities	71,336	829,685
Accrued expenses/(income)	221,996	( 391,804)

Changes in:
Trade and other debtors	1,607,742	( 1,499,370)
Trade and other creditors	( 32,893)	( 64,130)
	------------	------------
Cash generated from operations	1,969,597	434,909

Interest paid	( 7,202)	( 18,645)
Tax paid	( 610,499)	( 335,311)
	------------	---------
Net cash from operating activities	1,351,896	80,953
	------------	---------

Cash flows from financing activities

Proceeds from loans from group undertakings	5,662	( 712,431)
Dividends paid	( 20,000)	–
	------------	---------
Net cash used in financing activities	( 14,338)	( 712,431)
	------------	---------

Net increase/(decrease) in cash and cash equivalents		1,337,558	( 631,478)
Cash and cash equivalents at beginning of year		(748,791)	(117,313)
		---------	---------
Cash and cash equivalents at end of year	16	588,767	( 748,791)
		---------	---------

MULTI SERVICES KENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through the statement of comprehensive income. The financial statements are prepared in sterling, which is the functional currency of the entity .

Debtors

Debtors are initially recorded at fair value and are assessed for impairment at each year end date. If any impairments exist the debtors are re-measured to the present value of the expected future cash inflows.

Creditors

Creditors are initially recorded at fair value and are then re-measured to the present value if the expected future cash outflows.

Bank borrowings are secured by fixed and floating charges over the assets and undertaking of the company in favour of Barclays Bank PLC under a debenture dated 26 July 2022. The charge includes a fixed charge over certain assets, a floating charge over the remaining assets of the company, and contains a negative pledge.

Consolidation

The company is a wholly-owned subsidiary of another company incorporated in England and Wales and in accordance with Section 400 of the Companies Act 2006, is not required to produce, and has not published, consolidated accounts.

Judgements and key sources of estimation uncertainty

There are no significant estimates or assumptions made that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue recognition

Revenue refers to the amounts earned from the Company's principal activity; that of an agency which provides on-site logistics, waste management and recycling, security and site strip out services. The revenue shown in the income statement represents amounts invoiced during the year, exclusive of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of comprehensive income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property Improvement	-	10 years Straight line
Plant & Machinery	-	25% reducing balance
Motor Vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in the statement of comprehensive income.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
		(restated)
	£	£
Rendering of services	29,567,128	30,122,320
	-------------	-------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Other operating income

	2025	2024
		(restated)
	£	£
Management charges receivable	564,004	276,157
Other operating income	184,939	184,939
	---------	---------
	748,943	461,096
	---------	---------

6. Operating (loss)/profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
		(restated)
	£	£
Depreciation of tangible assets	186,505	186,663
Impairment of trade debtors	4,660,414	999
Foreign exchange differences	( 4,171)	( 42,242)
	------------	---------

Operating profit or loss is the profit or loss from business operations before deduction of interest and taxes.

7. Auditor's remuneration

	2025	2024
		(restated)
	£	£
Fees payable for the audit of the financial statements	19,500	19,500
	--------	--------

Fees payable to the company's auditor and its associates for other services:

Other non-audit services	18,061	43,810
	--------	--------

8. Particulars of employees

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Administrative staff	32	32
Operatives	8	8
	----	----
	40	40
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
		(restated)
	£	£
Wages and salaries	1,824,158	1,916,781
Social security costs	206,724	220,481
Other pension costs	123,254	76,429
	------------	------------
	2,154,136	2,213,691
	------------	------------

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
		(restated)
	£	£
Remuneration	211,250	220,000
Company contributions to defined contribution pension plans	80,149	40,000
	---------	---------
	291,399	260,000
	---------	---------

Remuneration of the highest paid director in respect of qualifying services:

	2025	2024
		(restated)
	£	£
Aggregate remuneration	105,625	110,000
Company contributions to defined contribution pension plans	60,149	40,000
	---------	---------
	165,774	150,000
	---------	---------

10. Interest payable

	2025	2024
		(restated)
	£	£
Interest on banks loans and overdrafts	7,202	18,645
	-------	--------

11. Taxation on ordinary activities

Major components of tax expense

	2025	2024
		(restated)
	£	£

Current tax:

UK current tax expense	18,721	686,938
Adjustments in respect of prior periods	50,070	140,951
	--------	---------
Total current tax	68,791	827,889
	--------	---------

Deferred tax:

Origination and reversal of timing differences	2,545	1,796
	--------	---------
Taxation on ordinary activities	71,336	829,685
	--------	---------

Reconciliation of tax expense

The tax assessed on the (loss)/profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
		(restated)
	£	£
(Loss)/profit on ordinary activities before taxation	( 20,955)	2,184,905
	--------	------------
(Loss)/profit on ordinary activities by rate of tax	( 5,238)	546,226
Adjustment to tax charge in respect of prior periods	50,070	140,951
Effect of expenses not deductible for tax purposes	10,799	11,539
Effect of capital allowances and depreciation	43,690	43,097
Effect on group relief claim	( 30,530)	( 52,924)
Taxation with regard to prior periods	–	139,000
Effect on deferred taxation	2,545	1,796
	--------	------------
Tax on (loss)/profit	71,336	829,685
	--------	------------

The company are concluding with HM Revenue and Customs tax treatment with regard to expenses with regard to prior periods. The Directors expect matters to conclude in 2026 and have included in the Financial Statements the expected final position of the taxation due.'

12. Dividends

	2025	2024
		(restated)
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	20,000	–
	--------	----

13. Tangible assets

	Leasehold property improvement	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024 (as restated) and 31 March 2025	1,849,385	5,290	33,802	1,888,477
	------------	-------	--------	------------
Depreciation
At 1 April 2024	1,309,960	2,599	26,553	1,339,112
Charge for the year	184,939	474	1,092	186,505
	------------	-------	--------	------------
At 31 March 2025	1,494,899	3,073	27,645	1,525,617
	------------	-------	--------	------------
Carrying amount
At 31 March 2025	354,486	2,217	6,157	362,860
	------------	-------	--------	------------
At 31 March 2024	539,425	2,691	7,249	549,365
	------------	-------	--------	------------

14. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 as restated and 31 March 2025	792
	----
Impairment
At 1 April 2024 as restated and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	792
	----
At 31 March 2024	792
	----

Subsidiaries, associates and other investments

	Class of share	Percentage of shares held
Subsidiary undertakings
MSK Holland BV	Ordinary	100

15. Debtors

	2025	2024
		(restated)
	£	£
Trade debtors	1,049,611	2,654,517
Amounts owed by group undertakings	8,465,747	7,499,111
Deferred tax asset	12,123	14,668
Prepayments and accrued income	3,528,541	4,242,192
Directors loan account	477,119	474,875
Other debtors	390,454	648,519
	-------------	-------------
	13,923,595	15,533,882
	-------------	-------------

16. Cash and cash equivalents

Cash and cash equivalents comprise the following:

	2025	2024
		(restated)
	£	£
Cash at bank and in hand	588,767	4,556
Bank overdrafts	–	( 753,347)
	---------	---------
	588,767	( 748,791)
	---------	---------

17. Creditors: amounts falling due within one year

	2025	2024
		(restated)
	£	£
Bank loans and overdrafts	–	753,347
Trade creditors	1,246,587	1,230,312
Amounts owed to group undertakings	927,526	921,864
Accruals and deferred income	751,044	529,048
Corporation tax	11,877	553,585
Social security and other taxes	106,783	146,662
Other creditors	90,648	99,937
	------------	------------
	3,134,465	4,234,755
	------------	------------

The bank overdraft is secured by the fact that the company has entered into a composite accounting agreement with Lesterose Builders Limited, Lesterose Holdings Limited, MSK Holdings Limited, MSK Waste Management and Recycling Limited, MSK Rail Limited, MSK Southern Limited and Multi Services Holdings Limited. Each participating company has provided a guarantee to the bank .

18. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
		(restated)
	£	£
Included in debtors (note 15)	12,123	14,668
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
		(restated)
	£	£
Accelerated depreciation charges	( 12,123)	( 14,668)
	--------	--------

19. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 123,254 (2024: £ 76,429 ).

20. Prior period adjustments

The company are concluding with HM Revenue and Customs tax treatment with regard to expenses with regard to prior periods. The Directors expect matters to conclude in 2026 and have included in the Financial Statements the expected final position of the taxation due. The financial statements for the prior year have been restated as a result of this. The recognition of these events has resulted in the re-statement on the Balance Sheet and also the Profit and Loss account.

21. Called up share capital

Authorised share capital

	2025		2024
			(restated)
	No.	£	No.	£
Ordinary shares of £ 1 each	15,000	15,000	15,000	15,000
	--------	--------	--------	--------

Issued, called up and fully paid

	2025		2024
			(restated)
	No.	£	No.	£
Ordinary shares of £ 1 each	15,000	15,000	15,000	15,000
	--------	--------	--------	--------

22. Reserves

Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs. Profit and loss account - This reserve records retained earnings and accumulated losses.

23. Analysis of changes in net debt

	At 1 Apr 2024	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	4,556	584,211	588,767
Bank overdrafts	(753,347)	753,347	–
Debt due within one year	(921,864)	(5,662)	(927,526)
	------------	------------	---------
	( 1,670,655)	1,331,896	( 338,759)
	------------	------------	---------

24. Directors' advances, credits and guarantees

At the year end the company was owed £477,119 by the directors. These loans were made interest free and are repayable on demand .

25. Related party transactions

The company is related to KPT Solutions Limited by the virtue that both companies are under the common directorship of Mr A R Stone and Mr D J Guildford . At the year end, the company was owed £19,395 (2024: £19,680) by KPT Solutions Limited. This balance is included in trade debtors. The company also owed KPT Solutions £174,717 (2024: £223,913). This balance is included in trade creditors. During the year the company made sales to KPT Solutions Limited of £110,953 (2024: £130,443) and purchases from the company of £1,711,142 (2024: £2,010,071). The company is related to Lesterose Scotland Limited by the virtue that both companies are under the common directorship of Mr A R Stone and Mr D J Guildford. At the year end, the company owed Lesterose Scotland £nil. All sales and purchases between Multi Services Kent Limited and its related parties throughout the year were carried out on an arm's length basis at the standard market rate.

26. Parent company

The company's parent undertaking is MSK Holdings Limited.

27. Ultimate parent company

The company's ultimate parent undertaking is Multi Services Holdings Limited. It has included the company in its consolidated financial statements, copies of which are available from its registered office: Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.