Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13811395 2023-04-01 2024-03-31 13811395 2021-12-21 2023-03-31 13811395 2024-03-31 13811395 2023-03-31 13811395 c:Director1 2023-04-01 2024-03-31 13811395 d:Buildings 2023-04-01 2024-03-31 13811395 d:Buildings 2024-03-31 13811395 d:Buildings 2023-03-31 13811395 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 13811395 d:PlantMachinery 2023-04-01 2024-03-31 13811395 d:PlantMachinery 2024-03-31 13811395 d:PlantMachinery 2023-03-31 13811395 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13811395 d:OfficeEquipment 2023-04-01 2024-03-31 13811395 d:OfficeEquipment 2024-03-31 13811395 d:OfficeEquipment 2023-03-31 13811395 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13811395 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13811395 d:CurrentFinancialInstruments 2024-03-31 13811395 d:CurrentFinancialInstruments 2023-03-31 13811395 d:Non-currentFinancialInstruments 2024-03-31 13811395 d:Non-currentFinancialInstruments 2023-03-31 13811395 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13811395 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13811395 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13811395 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13811395 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 13811395 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 13811395 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 13811395 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 13811395 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 13811395 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 13811395 d:ShareCapital 2024-03-31 13811395 d:ShareCapital 2023-03-31 13811395 d:RetainedEarningsAccumulatedLosses 2024-03-31 13811395 d:RetainedEarningsAccumulatedLosses 2023-03-31 13811395 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 13811395 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 13811395 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 13811395 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 13811395 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13811395 c:OrdinaryShareClass1 2024-03-31 13811395 c:OrdinaryShareClass1 2023-03-31 13811395 c:OrdinaryShareClass2 2023-04-01 2024-03-31 13811395 c:OrdinaryShareClass2 2024-03-31 13811395 c:OrdinaryShareClass2 2023-03-31 13811395 c:OrdinaryShareClass3 2023-04-01 2024-03-31 13811395 c:OrdinaryShareClass3 2023-03-31 13811395 c:FRS102 2023-04-01 2024-03-31 13811395 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13811395 c:FullAccounts 2023-04-01 2024-03-31 13811395 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13811395 6 2023-04-01 2024-03-31 13811395 3 2024-03-31 13811395 3 2023-03-31 13811395 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13811395










AMBER STORAGE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
AMBER STORAGE LIMITED
REGISTERED NUMBER: 13811395

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
327,800
253,133

Investments
 5 
2,049,760
2,049,760

  
2,377,560
2,302,893

Current assets
  

Debtors: amounts falling due within one year
 6 
40,008
52,989

Cash at bank and in hand
 7 
31,295
50,058

  
71,303
103,047

Creditors: amounts falling due within one year
 8 
(591,957)
(742,816)

Net current liabilities
  
 
 
(520,654)
 
 
(639,769)

Total assets less current liabilities
  
1,856,906
1,663,124

Creditors: amounts falling due after more than one year
 9 
(1,688,742)
(1,533,705)

Provisions for liabilities
  

Deferred tax
 11 
(25,556)
(32,330)

  
 
 
(25,556)
 
 
(32,330)

Net assets
  
142,608
97,089


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
142,508
96,989

  
142,608
97,089


Page 1

 
AMBER STORAGE LIMITED
REGISTERED NUMBER: 13811395
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr G C Davies
Director

Date: 18 September 2024

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
AMBER STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Amber Storage Limited (company number: 13811395) is a private limited company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Red House Farm, Little Ness, Shrewsbury, Shropshire SY4 2LG.

The prior period accounts cover the period from 21 December 2021 to 31 March 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
AMBER STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
AMBER STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Property improvements
-
15%
reducing balance
Plant and machinery
-
15%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
AMBER STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
AMBER STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Property improve-
ments
Fixed Equipment and integral features
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
-
296,587
1,378
297,965


Additions
132,636
-
-
132,636



At 31 March 2024

132,636
296,587
1,378
430,601



Depreciation


At 1 April 2023
-
44,488
344
44,832


Charge for the year on owned assets
19,895
37,815
259
57,969



At 31 March 2024

19,895
82,303
603
102,801



Net book value



At 31 March 2024
112,741
214,284
775
327,800



At 31 March 2023
-
252,099
1,034
253,133

Page 7

 
AMBER STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Freehold investment property

£



Valuation


At 1 April 2023
2,049,760



At 31 March 2024
2,049,760






Net book value



At 31 March 2024
2,049,760



At 31 March 2023
2,049,760

The 2023 valuations were made by the Directors of the Company, on an open market value for existing use basis.


6.


Debtors

2024
2023
£
£


Trade debtors
28,324
18,274

Prepayments and accrued income
11,684
34,715

40,008
52,989



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
31,295
50,058

31,295
50,058


Page 8

 
AMBER STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
44,838
269,681

Trade creditors
1,646
1,400

Other taxation and social security
15,005
9,461

Other creditors
511,956
451,951

Accruals and deferred income
18,512
10,323

591,957
742,816


The following liabilities were secured:

2024
2023
£
£



Bank Loans
44,838
269,681

44,838
269,681

Details of security provided:

The company has bank loans, to the values shown above, which are secured by a mortgage debenture pledged by the company.
The Director (and persons connected to the Director) have also provided a personal guarantee of £1,892,768 and further security in respect of the Company's bank borrowings by virtue of a legal charge over various properties.

Page 9

 
AMBER STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,688,742
1,533,705

1,688,742
1,533,705


The following liabilities were secured:

2024
2023
£
£



Bank loans
1,688,742
1,533,705

1,688,742
1,533,705

Details of security provided:

The company has bank loans, to the values shown above, which are secured by a mortgage debenture pledged by the company.
The Director (and persons connected to the Director) have also provided a personal guarantee of £1,892,768 and further security in respect of the Company's bank borrowings by virtue of a legal charge over various properties.

Page 10

 
AMBER STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
44,839
269,682


44,839
269,682

Amounts falling due 1-2 years

Bank loans
44,839
269,682


44,839
269,682

Amounts falling due 2-5 years

Bank loans
134,517
809,046


134,517
809,046

Amounts falling due after more than 5 years

Bank loans
1,509,386
454,977

1,509,386
454,977

1,733,581
1,803,387



11.


Deferred taxation




2024


£






At beginning of year
(32,330)


Charged to profit or loss
6,774



At end of year
(25,556)

Page 11

 
AMBER STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
11.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(81,950)
(63,284)

Tax losses carried forward
56,394
30,954

(25,556)
(32,330)


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



51 (2023 - 60) Ordinary 'A' Class shares of £1.00 each
51
60
49 (2023 - 20) Ordinary 'B' Class shares of £1.00 each
49
20
Nil (2023 - 20) Ordinary 'C' Class shares of £1.00 each
-
20

100

100



13.


Transactions with directors

During the year a connected unincorporated partnership made sales to the company totalling £17,114.66 (2023: £18,318.79).
During the year ended 31 March 2024 a loan account was operated between the company and a connected unincorporated partnership, of which the director is a partner. The company owed the partnership £508,952 (2023: £451,951). No interest has been charged on this loan.


14.


Related party transactions

During the year ended 31 March 2024 a loan account was operated between the company and a connected company. The company owes £3,004 (2023: £Nil) to this connected company. No interest has been charged on this loan.

 
Page 12