KBR (ASPIRE SERVICES VENTURES) LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the balance sheet date, the company was in a net current asset position of £1,638,000 (including cash at bank and in hand of £3,312,000), a net asset position of £1,638,000 and is the holder (via ADS JV) of a long-term facilities management contract running until 2041, as part of a private finance initiative (the ultimate customer being the UK Ministry of Defence). Contractual arrangements entitle ADS to make a contractual margin on sub-contracted activities and as performance risk flows through to their sub-contractors the profitability of ADS is secured. In addition, the payment terms embedded in the contract protect ADS's liquidity. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “There were no events after the balance sheet date that require disclosure or impact the profit and loss account or balance sheet.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +9.1%

  £116,592,000 → £127,180,000

• Cash

  -14.5%

  £3,873,000 → £3,312,000

• Net assets

  -39.5%

  £2,706,000 → £1,638,000

• Employees

  —

  Not reported

• Operating profit

  +1.3%

  £6,170,000 → £6,248,000

• Profit before tax

  +4.4%

  £6,170,000 → £6,443,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers