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REGISTERED NUMBER: 00690001 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Asfordby Storage & Haulage Limited

Asfordby Storage & Haulage Limited (Registered number: 00690001)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Asfordby Storage & Haulage Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: M J Dolby
Mrs M P John
P J Dolby
Mrs B M Stammers
A E Mason





SECRETARY: A E Mason





REGISTERED OFFICE: Saxby Road
Melton Mowbray
Leicestershire
LE13 1BY





REGISTERED NUMBER: 00690001 (England and Wales)





ACCOUNTANTS: Bourne & Co
Chartered Accountants
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

Asfordby Storage & Haulage Limited (Registered number: 00690001)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,897,164 1,846,336

CURRENT ASSETS
Stocks 1,168,199 1,749,532
Debtors 5 837,028 1,498,252
Cash at bank and in hand 42,772,184 44,615,052
44,777,411 47,862,836
CREDITORS
Amounts falling due within one year 6 914,433 1,145,381
NET CURRENT ASSETS 43,862,978 46,717,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,760,142

48,563,791

CAPITAL AND RESERVES
Called up share capital 8 182,353 182,353
Share premium 9 14,290 14,290
Revaluation reserve 9 85,520 101,538
Mortgage and capital
redemption reserves 9 76,217 76,217
General reserve 9 45,400,000 48,180,000
Retained earnings 9 1,762 9,393
SHAREHOLDERS' FUNDS 45,760,142 48,563,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Asfordby Storage & Haulage Limited (Registered number: 00690001)

Balance Sheet - continued
31 July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





M J Dolby - Director


Asfordby Storage & Haulage Limited (Registered number: 00690001)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Asfordby Storage & Haulage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

The financial statements have been prepared on a going concern basis under the historical cost convention as modified by the revaluation of the following assets:

- Assets within plant and machinery and fixtures and fittings are revalued annually at their estimated
depreciated replacement cost. Depreciation is charged on the revalued amount.

Significant judgements and estimates
Management are required to make judgements, assumptions and estimates when applying the above accounting policies. Those that that have had the most significant effect on amounts recognised in the financial statements are:

The future recoverability of trade debtors.
The future net selling price of stock items.
The useful economic life and residual value of fixed assets.
The current replacement cost of fixed assets

Turnover and revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover for services provided in respect of handling, haulage and storage is recognised when the company has earned the right to the revenue and is recognised for the period the service is provided.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

Asfordby Storage & Haulage Limited (Registered number: 00690001)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Depreciation
Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the depreciated replacement cost of each asset evenly over its expected useful life as follows:

- Plant and machinery - over 3 to 20 years
- Fixtures and fittings - over 5 to 30 years

The depreciation adjustment on revaluation is charged to the revaluation reserve. The remaining depreciation is charged against the profits arising in the year and in subsequent years. Provision for the depreciation of freehold land and buildings in accordance with the Companies Act 2006 and with Financial Reporting Standard 102 is not considered to be necessary due to high residual values and the company's policy to maintain its properties in good condition, therefore prolonging the useful life and value of the properties. Any depreciation charge arising would be immaterial. An annual impairment review is carried out by two of the directors to support the validity of applying such an accounting policy.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell after making allowance for obsolete and slow moving items. Cost includes all costs of purchase and all costs incurred in bringing the stock to its location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Asfordby Storage & Haulage Limited (Registered number: 00690001)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange prevailing at the date of settlement of the transaction and not that prevailing on the date of the transaction. The effect of this is that foreign exchange gains and losses are recognised in profit or loss as part of the transaction to which they relate. The exceptions to this are balances at the balance sheet date in respect of funds in foreign currency bank accounts and outstanding transactions, which are translated into sterling at the rate of exchange ruling on this date, and any gain or loss arising is then recognised separately in profit or loss.

Leases
Rentals payable under operating leases are charged to profit or loss on a straight line basis over the lease term, unless the rental payments are structured to increase in line with expected general inflation, in which case the company recognises annual rent expense equal to amounts owed to the lessor.

Rentals receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Debtors
Debtors are measured at transaction price, less any impairment.

Creditors
Creditors are measured at the transaction price.

The company recognises a provision for annual leave accrued by employees as a result of services rendered which employees are entitled to carry forward and use. The provision is measured at the salary cost payable for the period of leave.

Pension schemes
The company operates defined contribution schemes which are fully compliant with automatic enrolment. Contributions payable for the year are charged to profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 39 ) .

Asfordby Storage & Haulage Limited (Registered number: 00690001)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2023 1,384,229 2,763,777 4,148,006
Additions - 223,497 223,497
Disposals - (436,882 ) (436,882 )
Revaluations - 22,761 22,761
At 31 July 2024 1,384,229 2,573,153 3,957,382
DEPRECIATION
At 1 August 2023 - 2,301,670 2,301,670
Charge for year - 116,981 116,981
Eliminated on disposal - (371,758 ) (371,758 )
Revaluation adjustments - 13,325 13,325
At 31 July 2024 - 2,060,218 2,060,218
NET BOOK VALUE
At 31 July 2024 1,384,229 512,935 1,897,164
At 31 July 2023 1,384,229 462,107 1,846,336

Asfordby Storage & Haulage Limited (Registered number: 00690001)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

For those assets for which historic cost has been restated at depreciated replacement cost, the comparable historic cost figures are:

Plant and machinery

Historic cost: At 1 August 2023£1,827,887
At 31 July 2024 £1,719,248

Aggregate depreciation: At 1 August 2023 £1,565,570
At 31 July 2024 £1,376,346

Net book value:At 1 August 2023£262,317
At 31 July 2024£342,902

Fixtures and fittings

Historic cost: At 1 August 2023£226,373
At 31 July 2024£216,205

Aggregate depreciation: At 1 August 2023£128,128
At 31 July 2024£131,691

Net book value: At 1 August 2023£98,245
At 31 July 2024 £84,514


The directors review each class of assets and apply either an inflationary increase to some classes based on RPI or where considered appropriate apply a specific increase or decrease to individual assets within certain classes based on their knowledge, experience and reference to industry publications.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 91,501 40,561
Other debtors 745,527 1,457,691
837,028 1,498,252

Asfordby Storage & Haulage Limited (Registered number: 00690001)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 37,259 56,896
Taxation and social security 819,276 864,911
Other creditors 57,898 223,574
914,433 1,145,381

7. LEASING AGREEMENTS
Minimum lease payments fall due as follows:

By the company as a lessee

Within one year £210,484 (2023: £12,661) and between one and five years £nil (2023: £3,165).

The above minimum lease payments relate to non-cancellable operating leases of plant and
machinery and a rental property.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
182,353 Ordinary £1 182,353 182,353

9. RESERVES
Retained Share Revaluation
earnings premium reserve
£    £    £   

At 1 August 2023 9,393 14,290 101,538
Deficit for the year (1,875,797 )
Dividends (937,295 )
Increase in respect of assets
retained for year - - (16,018 )
Transfer from/(to) general
reserve 2,805,461 - -
At 31 July 2024 1,762 14,290 85,520

Asfordby Storage & Haulage Limited (Registered number: 00690001)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. RESERVES - continued
Mortgage
and
capital
redemption General
reserves reserve Totals
£    £    £   

At 1 August 2023 76,217 48,180,000 48,381,438
Deficit for the year (1,875,797 )
Dividends (937,295 )
Increase in respect of assets
retained for year - - (16,018 )
Transfer from/(to) general
reserve - - 2,805,461
Transfer (to)/from retained
earnings - (2,805,461 ) (2,805,461 )
Transfer from revaluation
reserve - 25,461 25,461
At 31 July 2024 76,217 45,400,000 45,577,789