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REGISTERED NUMBER: 02650846 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Advanced Handling & Storage Limited

Advanced Handling & Storage Limited (Registered number: 02650846)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Advanced Handling & Storage Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C A Moody
C Moody





SECRETARY: C Moody





REGISTERED OFFICE: Unit 9A
All Saints Industrial Estate
Darlington Road
SHILDON
County Durham
DL4 2RD





REGISTERED NUMBER: 02650846 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Advanced Handling & Storage Limited (Registered number: 02650846)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,765 5,228
Tangible assets 5 283,826 554,971
286,591 560,199

CURRENT ASSETS
Stocks 6 300,000 200,000
Debtors 7 56,442 33,946
Cash at bank and in hand 420,239 452,080
776,681 686,026
CREDITORS
Amounts falling due within one year 8 467,554 441,808
NET CURRENT ASSETS 309,127 244,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

595,718

804,417

CREDITORS
Amounts falling due after more than one
year

9

(9,167

)

(19,168

)

PROVISIONS FOR LIABILITIES 12 (46,251 ) (54,951 )
NET ASSETS 540,300 730,298

CAPITAL AND RESERVES
Called up share capital 13 2 2
Retained earnings 540,298 730,296
SHAREHOLDERS' FUNDS 540,300 730,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Advanced Handling & Storage Limited (Registered number: 02650846)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





C A Moody - Director


Advanced Handling & Storage Limited (Registered number: 02650846)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Advanced Handling & Storage 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.

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 under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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

Income recognition
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% on cost
Improvements to property - 20% on reducing balance and 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Land is not depreciated.

Stocks
Stock has been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
Basic financial instruments are measured at amortised cost with changes recognised in profit or loss.


Advanced Handling & Storage Limited (Registered number: 02650846)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
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.

Government grants
Revenue based grants are credited to the profit and loss account on receipt.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 July 2023
and 30 June 2024 31,705
AMORTISATION
At 1 July 2023 26,477
Amortisation for year 2,463
At 30 June 2024 28,940
NET BOOK VALUE
At 30 June 2024 2,765
At 30 June 2023 5,228

Advanced Handling & Storage Limited (Registered number: 02650846)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2023 313,732 9,260 206,050
Additions 500 - 1,361
Disposals (221,813 ) - -
At 30 June 2024 92,419 9,260 207,411
DEPRECIATION
At 1 July 2023 - 2,143 112,071
Charge for year 12,459 712 19,883
Eliminated on disposal (12,459 ) - -
At 30 June 2024 - 2,855 131,954
NET BOOK VALUE
At 30 June 2024 92,419 6,405 75,457
At 30 June 2023 313,732 7,117 93,979

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 52,936 206,376 20,292 808,646
Additions 528 70,582 3,406 76,377
Disposals - (75,799 ) - (297,612 )
At 30 June 2024 53,464 201,159 23,698 587,411
DEPRECIATION
At 1 July 2023 43,037 77,395 19,029 253,675
Charge for year 2,563 36,648 1,474 73,739
Eliminated on disposal - (11,370 ) - (23,829 )
At 30 June 2024 45,600 102,673 20,503 303,585
NET BOOK VALUE
At 30 June 2024 7,864 98,486 3,195 283,826
At 30 June 2023 9,899 128,981 1,263 554,971

6. STOCKS
2024 2023
£    £   
Stocks 300,000 200,000

Advanced Handling & Storage Limited (Registered number: 02650846)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,944 26,593
Other debtors - 2,778
Prepayments and accrued income 34,498 4,575
56,442 33,946

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 10,000 10,000
Trade creditors 281,176 205,860
Taxation and social security 75,425 126,048
Other creditors 6,389 17,149
Directors' current accounts 10,358 7,565
Accruals and deferred income 84,206 75,186
467,554 441,808

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 9,167 19,168

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,167 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 9,168

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 70,000

Advanced Handling & Storage Limited (Registered number: 02650846)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 46,251 54,951

Deferred
tax
£   
Balance at 1 July 2023 54,951
Accelerated capital allowances (8,700 )
Balance at 30 June 2024 46,251

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2