KRR (UK) Limited - Limited company accounts 16.3
KRR (UK) Limited - Limited company accounts 16.3
| REGISTERED NUMBER: |
| Report of the Director and |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2016 |
| for |
| KRR (UK) Limited |
| KRR (UK) Limited (Registered number: 05741844) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2016 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| KRR (UK) Limited |
| Company Information |
| for the Year Ended 30 April 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| KRR (UK) Limited (Registered number: 05741844) |
| Report of the Director |
| for the Year Ended 30 April 2016 |
| The director presents his report with the financial statements of the company for the year ended 30 April 2016. |
| DIRECTOR |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| ON BEHALF OF THE BOARD: |
| KRR (UK) Limited (Registered number: 05741844) |
| Profit and Loss Account |
| for the Year Ended 30 April 2016 |
| 30.4.16 | 30.4.15 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT | 2 |
| Interest receivable and similar income |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
| Tax on profit on ordinary activities | 3 |
| PROFIT FOR THE FINANCIAL YEAR |
| KRR (UK) Limited (Registered number: 05741844) |
| Balance Sheet |
| 30 April 2016 |
| 30.4.16 | 30.4.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Profit and loss account | 10 |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the director on |
| KRR (UK) Limited (Registered number: 05741844) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
| Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents net invoiced sales of goods and services, 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 residual life: |
| Short leasehold | - Straight life over the remaining life of the lease. |
| Fixtures and fittings | - Straight line over 5 years. |
| Motor vehicles | - Straight line over either 2 or 5 years as appropriate. |
| Computer equipment | - Straight line over 3 years. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
| date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
| Exchange differences are taken into account in arriving at the operating result. |
| 2. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 30.4.16 | 30.4.15 |
| £ | £ |
| Depreciation - owned assets |
| Loss on disposal of fixed assets |
| Foreign exchange differences |
| Director's remuneration and other benefits etc |
| 3. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit on ordinary activities for the year was as follows: |
| 30.4.16 | 30.4.15 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Tax on profit on ordinary activities |
| KRR (UK) Limited (Registered number: 05741844) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2016 |
| 4. | DIVIDENDS |
| 30.4.16 | 30.4.15 |
| £ | £ |
| Ordinary shares of £1 each |
| Interim |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | and | Motor | Computer |
| leasehold | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 May 2015 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 April 2016 |
| DEPRECIATION |
| At 1 May 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 April 2016 |
| NET BOOK VALUE |
| At 30 April 2016 |
| At 30 April 2015 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.16 | 30.4.15 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.16 | 30.4.15 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| KRR (UK) Limited (Registered number: 05741844) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2016 |
| 8. | OPERATING LEASE COMMITMENTS |
| The following operating lease payments are committed to be paid within one year: |
| 30.4.16 | 30.4.15 |
| £ | £ |
| Expiring: |
| Between one and five years |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.4.16 | 30.4.15 |
| value: | £ | £ |
| Ordinary | £1 |
| 10. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 May 2015 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 April 2016 |
| 11. | RELATED PARTY DISCLOSURES |
| KRR (UK) Limited (Registered number: 05741844) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2016 |
| 11. | RELATED PARTY DISCLOSURES - continued |
| Mr R Vogel, the director and controlling shareholder of KRR (UK) Limited (KRR), is also a director and controlling |
| shareholder of Vogel Waste Industry Services Limited (VWIS). |
| During the year VWIS charged KRR a total of £53,635 (2015: £29,830) for consultancy and other services. At the year-end |
| £116,152 (2015: £70,252) was owed by KRR to VWIS, of which £26,658 invoiced before the year-end is included in the |
| trade creditors figure in these accounts and £89,494 accrued at the year-end included in the other creditors figure. |
| During the year KRR recharged expenditure totalling £0 (2015: £3,240) to VWIS. The recharged expenditure included rent |
| and rates for shared business premises. At the year-end VWIS had paid KRR £1,083 (2015: £1,083) in advance for these |
| services, which is also included in the trade creditors figure in these accounts. |
| During the year various costs were also paid by KRR on behalf of VWIS. The outstanding balance of £127,299 (2015: |
| £49,699) on the inter-company loan account is shown in other debtors in these accounts. |
| At 30 April 2016 the director owed a loan balance of £5,958 to KRR (2015: £1,177 owed by the company to the director). |
| The loan is unsecured and will be repaid in full within 9 months of the year-end. |
| All transactions took place on an arms- length basis under normal terms of business. |
| 12. | ULTIMATE CONTROLLING PARTY |