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Registered number: 03640773
Advantage Storage Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors M Drury
A Findlater
Secretary A Findlater
Company Number 03640773
Registered Office 6 Doctors Lane
Henley-In-Arden
Warwickshire
B95 5AW
Business The Storage Centre
1 Carsegate Road South
Inverness
IV3 8LL
Accountants CRC
The Old Library
8 Laing Street
Kirkwall
Orkney
KW15 1NW
Bankers Royal Bank of Scotland
1 Victoria Street
Kirkwall
Orkney
KW15 1DP
Page 1
Page 2
Balance Sheet
Registered number: 03640773
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 998,790 1,011,260
998,790 1,011,260
CURRENT ASSETS
Debtors 5 40,004 38,117
Cash at bank and in hand 30,309 66,727
70,313 104,844
Creditors: Amounts Falling Due Within One Year 6 (180,587 ) (247,321 )
NET CURRENT ASSETS (LIABILITIES) (110,274 ) (142,477 )
TOTAL ASSETS LESS CURRENT LIABILITIES 888,516 868,783
Creditors: Amounts Falling Due After More Than One Year 7 (541,314 ) (576,571 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (9,719 ) (12,719 )
NET ASSETS 337,483 279,493
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 337,482 279,492
SHAREHOLDERS' FUNDS 337,483 279,493
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Page 3
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
M Drury
Director
09/07/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Advantage Storage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03640773 . The registered office is 6 Doctors Lane, Henley-In-Arden, Warwickshire, B95 5AW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling , which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight Line
Plant & Machinery 25% reducing balance
Motor Vehicles 15% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from connected parties are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities classified as payable within one year are not amortised.

Trade debtors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Equity Instruments
Equity instruments issued by the company are recorded at the process received, net of transaction costs. Dividends payable on equity intruments are recognised as liabilities once they are no longer at the discretion of the company.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.8. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those cost are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 5)
7 5
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 March 2024 963,812 187,498 1,151,310
Additions - 316 316
Disposals - (7,325 ) (7,325 )
As at 28 February 2025 963,812 180,489 1,144,301
Depreciation
As at 1 March 2024 4,882 135,168 140,050
Provided during the period 919 11,545 12,464
Disposals - (7,003 ) (7,003 )
As at 28 February 2025 5,801 139,710 145,511
Net Book Value
As at 28 February 2025 958,011 40,779 998,790
As at 1 March 2024 958,930 52,330 1,011,260
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 38,228 16,342
Other debtors 1,776 21,775
40,004 38,117
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,850 7,570
Trade creditors 782 830
Bank loans and overdrafts 30,858 29,869
Amounts owed to group undertakings 79,205 146,882
Other creditors 7,476 9,688
Taxation and social security 56,416 52,482
180,587 247,321
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 11,213 17,063
Bank loans 530,101 559,508
541,314 576,571
The company has granted a standard security over property at 1 Carsegate Road South, Inverness, in favour of The Royal Bank of Scotland PLC as security for term loan facilities.

The company operates certain plant and machinery on hire purchase terms.
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 9,719 12,719
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 18,000 -
Later than one year and not later than five years 63,492 -
81,492 -
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