KRR (UK) Limited - Accounts to registrar (filleted) - small 18.2
KRR (UK) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2018 |
| for |
| KRR (UK) Limited |
| KRR (UK) Limited (Registered number: 05741844) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| KRR (UK) Limited |
| Company Information |
| for the Year Ended 30 April 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 3 Wey Court |
| Mary Road |
| Guildford |
| Surrey |
| GU1 4QU |
| KRR (UK) Limited (Registered number: 05741844) |
| Balance Sheet |
| 30 April 2018 |
| 30.4.18 | 30.4.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| 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 |
| KRR (UK) Limited (Registered number: 05741844) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2018 |
| 1. | STATUTORY INFORMATION |
| KRR (UK) Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 5 years. |
| 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. |
| 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 |
| KRR (UK) Limited (Registered number: 05741844) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | and | Motor | Computer |
| leasehold | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 May 2017 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 April 2018 |
| DEPRECIATION |
| At 1 May 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 April 2018 |
| NET BOOK VALUE |
| At 30 April 2018 |
| At 30 April 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | OTHER FINANCIAL COMMITMENTS |
| At 30 April 2018 the company had a commitment to make annual payments totalling £10,800 (2017: £10,800) under an |
| operating lease. |
| The total of all payments due between 30 April 2018 and the expiry of the lease is £11,700. |
| 8. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £47,700 (2017 - £7,200) were paid to the director . |
| KRR (UK) Limited (Registered number: 05741844) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2018 |
| 8. | 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). |
| At 30 April 2018 VWIS owed £175,127 to KRR (2017: £174,109), which is included in the trade debtors figure in these |
| accounts. At 30 April 2018 KRR owed £192,656 (2017: £177,037) to VWIS, included in the trade creditors figure in these |
| accounts, and £90,901 (2017: £20,637), included in the other creditors figure in these accounts. The balance on the |
| inter-company loan account at 30 April 18 was £110,346 (2017: £50,141) owed by VWIS to KRR. |
| During the year ended 30 April 2018 KRR invoiced VWIS £810 (2017: £2,545) for rent and utilities on shared business |
| premises and an additional charge of £3,240 (2017: £810) was accrued but not yet invoiced at the year-end. |
| During the year ended 30 April 2018 VWIS invoiced KRR £6,056 (2017: £8,075) for rent on shared business premises, |
| £19,633 (2017: £33,847) for consultancy fees and £910 (2017: £0) for subcontractor costs. Additional consultancy fees of |
| £82,361 (2017: £19,727) were accrued at the year-end, in addition to £8,540 (2017: £910) accrued for subcontractor |
| costs. |
| No remuneration was paid by KRR to the director or to any members of Key Management Personnel in the year ended 30 |
| April 2018, but the consultancy fees mentioned above include £0 (2017: £25,000) paid to VWIS and £50,000 (2017: |
| £7,870) accrued in consideration for consultancy services supplied to KRR by Mr Vogel, the director of both companies. |
| At 30 April 2018, the director owed a loan balance of £1,354 to KRR (2017: £3,453). The loan is unsecured, interest-free |
| and will be repaid in full within 9 months of the year-end. |
| The company paid for Directors and Officers Liability Insurance costing £945 (2017: £900). |
| All the above transactions took place on an arms-length basis under normal terms of business. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by the director, who holds 100% of its issued share capital. |