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REGISTERED NUMBER: 02728656 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

RANGE STORAGE EQUIPMENT LIMITED

RANGE STORAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 02728656)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RANGE STORAGE EQUIPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Lee Sean Pattison
Sian Louise Pattison





REGISTERED OFFICE: Unit 1
Shaw Cross Business Park
Horace Waller V C Parade
Dewsbury
West Yorkshire
WF12 7RF





REGISTERED NUMBER: 02728656 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor Offices, Unit A4
Old Power Way
Lowfields Business Park
Elland
HX5 9DE

RANGE STORAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 02728656)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,563,244 1,579,502

CURRENT ASSETS
Stocks 49,721 176,508
Debtors 4 851,705 777,568
Cash at bank and in hand 1,479,806 816,460
2,381,232 1,770,536
CREDITORS
Amounts falling due within one year 5 838,960 563,743
NET CURRENT ASSETS 1,542,272 1,206,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,105,516

2,786,295

CREDITORS
Amounts falling due after more than
one year

6

(381,862

)

(436,522

)

PROVISIONS FOR LIABILITIES (110,391 ) (125,011 )
NET ASSETS 2,613,263 2,224,762

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 2,613,163 2,224,662
2,613,263 2,224,762

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

RANGE STORAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 02728656)

BALANCE SHEET - continued
31 AUGUST 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:





Lee Sean Pattison - Director


RANGE STORAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 02728656)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. 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 under the historical cost convention.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

RANGE STORAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 02728656)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

1. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023 1,293,696 386,657 46,120 297,718 2,024,191
Additions - 54,043 694 133,881 188,618
Disposals - - - (152,914 ) (152,914 )
At 31 August 2024 1,293,696 440,700 46,814 278,685 2,059,895
DEPRECIATION
At 1 September 2023 124,411 195,849 31,536 92,893 444,689
Charge for year 21,874 34,000 3,732 46,599 106,205
Eliminated on disposal - - - (54,243 ) (54,243 )
At 31 August 2024 146,285 229,849 35,268 85,249 496,651
NET BOOK VALUE
At 31 August 2024 1,147,411 210,851 11,546 193,436 1,563,244
At 31 August 2023 1,169,285 190,808 14,584 204,825 1,579,502



RANGE STORAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 02728656)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 788,019 687,788
Other debtors 63,686 89,780
851,705 777,568

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,400 32,400
Hire purchase contracts 27,924 47,102
Trade creditors 466,731 308,186
Taxation and social security 258,579 136,313
Other creditors 53,326 39,742
838,960 563,743

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 294,816 310,518
Hire purchase contracts 87,046 126,004
381,862 436,522

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 132,816 148,518

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 327,216 342,918
Hire purchase contracts 114,970 173,106
442,186 516,024

Bank loans are secured by a first legal charge on freehold property, and by a debenture over assets of the company.
Hire purchase agreements are secured on the related assets.

RANGE STORAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 02728656)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. PENSION COMMITMENTS

The amount recognised in profit and loss as an expense in relation to defined contribution pension
schemes was £12,713 (2023 - £10,995).