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REGISTERED NUMBER: 08218525 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

A&B STORAGE LIMITED

A&B STORAGE LIMITED (REGISTERED NUMBER: 08218525)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A&B STORAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: D A Allen
R G Butcher





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 08218525 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

A&B STORAGE LIMITED (REGISTERED NUMBER: 08218525)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.23 30.9.24
£    £    Notes £   
FIXED ASSETS
21,000 Intangible assets 4 14,000
89,741 Tangible assets 5 86,228
110,741 100,228

CURRENT ASSETS
37,680 Debtors 6 56,820
12,308 Cash at bank 9,645
49,988 66,465
CREDITORS
56,665 Amounts falling due within one year 7 57,998
(6,677 ) NET CURRENT ASSETS/(LIABILITIES) 8,467
104,064 TOTAL ASSETS LESS CURRENT
LIABILITIES

108,695

CREDITORS
(12,167 ) Amounts falling due after more than one
year

8

(5,600

)

(2,492 ) PROVISIONS FOR LIABILITIES (1,955 )
89,405 NET ASSETS 101,140

A&B STORAGE LIMITED (REGISTERED NUMBER: 08218525)

BALANCE SHEET - continued
30 SEPTEMBER 2024

30.9.23 30.9.24
£    £    Notes £   
CAPITAL AND RESERVES
100 Called up share capital 100
2,576 Revaluation reserve 2,596
86,729 Retained earnings 98,444
89,405 SHAREHOLDERS' FUNDS 101,140

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

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

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 27 June 2025 and were signed on its behalf by:





R G Butcher - Director


A&B STORAGE LIMITED (REGISTERED NUMBER: 08218525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

A&B 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.

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 under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of storage facilities let during the year, by reference to invoiced sales and the movement between opening and closing trade debtor and deferred income balances.

Goodwill
Goodwill is now being amortised over its estimated remaining economic useful life of ten years in line with FRS102.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Improvements to property are not depreciated on the basis that at the balance sheet date they are considered to be of the same value as the expenditure originally incurred.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


A&B STORAGE LIMITED (REGISTERED NUMBER: 08218525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 70,000
AMORTISATION
At 1 October 2023 49,000
Charge for year 7,000
At 30 September 2024 56,000
NET BOOK VALUE
At 30 September 2024 14,000
At 30 September 2023 21,000

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
Totals property machinery equipment
£    £    £    £   
COST OR VALUATION
At 1 October 2023 149,365 74,913 73,995 457
Additions 271 - 271 -
At 30 September 2024 149,636 74,913 74,266 457
DEPRECIATION
At 1 October 2023 59,624 - 59,198 426
Charge for year 3,784 - 3,776 8
At 30 September 2024 63,408 - 62,974 434
NET BOOK VALUE
At 30 September 2024 86,228 74,913 11,292 23
At 30 September 2023 89,741 74,913 14,797 31

A&B STORAGE LIMITED (REGISTERED NUMBER: 08218525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2024 is represented by:

Improvements
to Plant and Computer
Totals property machinery equipment
£    £    £    £   
Valuation in 2017 2,666 - 2,666 -
Cost 146,970 74,913 71,600 457
149,636 74,913 74,266 457

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 35,820 29,680
Other debtors 21,000 8,000
56,820 37,680

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 6,360 7,640
Taxation and social security 18,570 17,998
Other creditors 33,068 31,027
57,998 56,665

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 5,600 12,167