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REGISTERED NUMBER: 01194034 (England and Wales)
























Audited Financial Statements

for the Year Ended 30 September 2024

for

EAST COAST STORAGE (HANDLING) LIMITED

EAST COAST STORAGE (HANDLING) LIMITED (REGISTERED NUMBER: 01194034)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EAST COAST STORAGE (HANDLING) LIMITED

Company Information
for the year ended 30 September 2024







DIRECTORS: M Donnelly
M Donnelly
K Bristow





REGISTERED OFFICE: Clenchwarton Road
West Lynn
Kings Lynn
Norfolk
PE34 3LW





REGISTERED NUMBER: 01194034 (England and Wales)





AUDITORS: Trevor Jones & Partners Ltd
Statutory Auditor
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ

EAST COAST STORAGE (HANDLING) LIMITED (REGISTERED NUMBER: 01194034)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,390,819 6,480,822

CURRENT ASSETS
Debtors 5 1,011,766 1,424,265
Cash at bank 20,564 53,985
1,032,330 1,478,250
CREDITORS
Amounts falling due within one year 6 337,544 538,397
NET CURRENT ASSETS 694,786 939,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,085,605

7,420,675

PROVISIONS FOR LIABILITIES 955,367 955,367
NET ASSETS 6,130,238 6,465,308

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 3,370,582 3,370,582
Retained earnings 2,759,556 3,094,626
SHAREHOLDERS' FUNDS 6,130,238 6,465,308

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 6 May 2025 and were signed on its behalf by:





M Donnelly - Director


EAST COAST STORAGE (HANDLING) LIMITED (REGISTERED NUMBER: 01194034)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

East Coast Storage (Handling) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent received for storage of goods, sale of services, rental of units and self storage units, and is recognised in the profit and loss account on a straight line basis over the term of the lease excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Freehold property held for use in the production or supply of goods or services, or for administrative purposes, are stated in the balance sheet at their revalued amounts, being the fair value at the date of revaluation, determined from market-based evidence by appraisal undertaken by professional valuers or directors. Revaluations are performed with sufficient regularity such that the carrying amount does not differ materially from that which would be determined using fair values at the balance sheet date.

Any revaluation increase arising on the revaluation of such land and buildings is credited to the revaluation reserve.

No depreciation is provided on freehold land occupied by the company.

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.

EAST COAST STORAGE (HANDLING) LIMITED (REGISTERED NUMBER: 01194034)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2023 6,520,500 641,761 211,457 7,373,718
Additions - 38,399 26,675 65,074
Disposals - - (5,460 ) (5,460 )
At 30 September 2024 6,520,500 680,160 232,672 7,433,332
DEPRECIATION
At 1 October 2023 504,963 284,869 103,064 892,896
Charge for year 72,137 56,933 25,481 154,551
Eliminated on disposal - - (4,934 ) (4,934 )
At 30 September 2024 577,100 341,802 123,611 1,042,513
NET BOOK VALUE
At 30 September 2024 5,943,400 338,358 109,061 6,390,819
At 30 September 2023 6,015,537 356,892 108,393 6,480,822

Included in cost of land and buildings is freehold land of £2,913,625 (2024 - £2,913,625) which is not depreciated.

Cost or valuation at 30 September 2024 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2009 3,519,098 - - 3,519,098
Valuation in 2017 302,369 - - 302,369
Cost 2,699,033 680,160 232,672 3,611,865
6,520,500 680,160 232,672 7,433,332

Freehold land and buildings were valued on an open market basis on 30 September 2024 by the Directors .

EAST COAST STORAGE (HANDLING) LIMITED (REGISTERED NUMBER: 01194034)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 142,727 187,363
Amounts owed by group undertakings 829,354 1,153,151
Other debtors - 40,000
Prepayments and accrued income 39,685 43,751
1,011,766 1,424,265

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 193,697 310,802
Tax 65,646 81,025
Social security and other taxes 11,192 11,615
VAT 17,784 85,439
Payments received on account 43,526 43,526
Accrued expenses 5,699 5,990
337,544 538,397

7. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 3,370,582

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher James Whale (Senior Statutory Auditor)
for and on behalf of Trevor Jones & Partners Ltd

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Donnelly and Mr M Donnelly by virtue of their jointly owned 100% shareholding in the parent company, Martin Mathews & Co Ltd..