K.p. Waste Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03075744 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2020

for

K.p. Waste Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Hill

SECRETARY:

H Hill

REGISTERED OFFICE:

60 High Firs Crescent

Harpenden

Hertfordshire

AL5 1NA

REGISTERED NUMBER:

03075744 (England and Wales)

ACCOUNTANTS:

Kate Brown Accountancy Limited

81 Gurney Court Road

St Albans

Hertfordshire

AL1 4QX

FIXED ASSETS

Intangible assets

4

238,200

-

Tangible assets

5

2,454,662

2,185,348

2,692,862

2,185,348

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

6

1,202,075

1,577,786

Cash at bank

552,322

173,241

1,764,397

1,761,027

CREDITORS

Amounts falling due within one year

7

1,382,998

1,387,887

NET CURRENT ASSETS

381,399

373,140

TOTAL ASSETS LESS CURRENT LIABILITIES

3,074,261

2,558,488

CREDITORS

Amounts falling due after more than one year

8

(1,078,409

)

(686,968

)

PROVISIONS FOR LIABILITIES

(228,000

)

(170,300

)

NET ASSETS

1,767,852

1,701,220

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,767,752

1,701,120

SHAREHOLDERS' FUNDS

1,767,852

1,701,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 May 2021 and were signed by:

K Hill - Director

1.	STATUTORY INFORMATION

K.p. Waste Company 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 41 (2019 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

238,200

At 30 September 2020

238,200

NET BOOK VALUE

At 30 September 2020

238,200

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2019

4,484,982

Additions

1,246,006

Disposals

(874,128

)

At 30 September 2020

4,856,860

DEPRECIATION

At 1 October 2019

2,299,634

Charge for year

828,931

Eliminated on disposal

(726,367

)

At 30 September 2020

2,402,198

NET BOOK VALUE

At 30 September 2020

2,454,662

At 30 September 2019

2,185,348

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2019

2,584,847

Additions

1,143,791

Disposals

(824,933

)

Transfer to ownership

(352,340

)

At 30 September 2020

2,551,365

DEPRECIATION

At 1 October 2019

1,139,480

Charge for year

709,337

Eliminated on disposal

(686,525

)

Transfer to ownership

(295,024

)

At 30 September 2020

867,268

NET BOOK VALUE

At 30 September 2020

1,684,097

At 30 September 2019

1,445,367

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

1,150,117

1,523,216

Other debtors

51,958

54,570

1,202,075

1,577,786

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Hire purchase contracts

628,867

634,326

Trade creditors

604,737

595,344

Taxation and social security

133,480

153,635

Other creditors

15,914

4,582

1,382,998

1,387,887

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.20

30.9.19

£

£

Hire purchase contracts

1,078,409

686,968

9.	ULTIMATE CONTROLLING PARTY