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A1 STORAGE LOTHIAN LIMITED

Registered Number
SC534177
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

A1 STORAGE LOTHIAN LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Jim Park
Donna Park

Registered Address

Nethertown Lodge
West Nethertown Street
Dunfermline
KY12 7PN

Registered Number

SC534177 (Scotland)
A1 STORAGE LOTHIAN LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets364,20669,168
64,20669,168
Current assets
Debtors46,7289,233
Cash at bank and on hand5,2975,965
12,02515,198
Creditors amounts falling due within one year5(29,337)(51,016)
Net current assets (liabilities)(17,312)(35,818)
Total assets less current liabilities46,89433,350
Creditors amounts falling due after one year6(7,543)(8,972)
Provisions for liabilities(12,199)(13,142)
Net assets27,15211,236
Capital and reserves
Called up share capital1010
Profit and loss account27,14211,226
Shareholders' funds27,15211,236
The financial statements were approved and authorised for issue by the Board of Directors on 24 July 2024, and are signed on its behalf by:
Jim Park
Director
Registered Company No. SC534177
A1 STORAGE LOTHIAN LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
These financial statements have been prepared on a going concern basis despite the net current liability position. The Directors have guaranteed their continued support and have confirmed they will not withdraw their loan account to the detriment of any other creditors.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Plant and machinery20-
Office Equipment-3
Finance leases and hire purchase contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 April 235,930138,3724,932149,234
Additions-11,228-11,228
At 31 March 245,930149,6004,932160,462
Depreciation and impairment
At 01 April 234,05273,6422,37280,066
Charge for year59314,4131,18416,190
At 31 March 244,64588,0553,55696,256
Net book value
At 31 March 241,28561,5451,37664,206
At 31 March 231,87864,7302,56069,168
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables4,5431,472
Other debtors7956,361
Prepayments and accrued income1,3901,400
Total6,7289,233
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,7382,087
Bank borrowings and overdrafts1,2001,200
Taxation and social security1,8321,390
Finance lease and HP contracts-28
Other creditors21,16244,906
Accrued liabilities and deferred income1,4051,405
Total29,33751,016
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,5438,972
Total7,5438,972