Guardian Storage Limited 04411951 false 2024-04-01 2024-09-30 2024-09-30 The principal activity of the company is provision of storage facilities Digita Accounts Production Advanced 6.30.9574.0 true true 04411951 2024-04-01 2024-09-30 04411951 2024-09-30 04411951 bus:OrdinaryShareClass1 2024-09-30 04411951 core:RetainedEarningsAccumulatedLosses 2024-09-30 04411951 core:RevaluationReserve 2024-09-30 04411951 core:ShareCapital 2024-09-30 04411951 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-09-30 04411951 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-09-30 04411951 core:CurrentFinancialInstruments 2024-09-30 04411951 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04411951 core:Non-currentFinancialInstruments 2024-09-30 04411951 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 04411951 core:FurnitureFittingsToolsEquipment 2024-09-30 04411951 core:MotorVehicles 2024-09-30 04411951 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-09-30 04411951 bus:SmallEntities 2024-04-01 2024-09-30 04411951 bus:AuditExemptWithAccountantsReport 2024-04-01 2024-09-30 04411951 bus:FilletedAccounts 2024-04-01 2024-09-30 04411951 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2024-09-30 04411951 bus:RegisteredOffice 2024-04-01 2024-09-30 04411951 bus:CompanySecretaryDirector2 2024-04-01 2024-09-30 04411951 bus:Director1 2024-04-01 2024-09-30 04411951 bus:OrdinaryShareClass1 2024-04-01 2024-09-30 04411951 bus:PrivateLimitedCompanyLtd 2024-04-01 2024-09-30 04411951 core:FurnitureFittingsToolsEquipment 2024-04-01 2024-09-30 04411951 core:MotorVehicles 2024-04-01 2024-09-30 04411951 core:PlantMachinery 2024-04-01 2024-09-30 04411951 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-04-01 2024-09-30 04411951 countries:EnglandWales 2024-04-01 2024-09-30 04411951 2024-03-31 04411951 core:FurnitureFittingsToolsEquipment 2024-03-31 04411951 core:MotorVehicles 2024-03-31 04411951 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-03-31 04411951 2023-04-01 2024-03-31 04411951 2024-03-31 04411951 bus:OrdinaryShareClass1 2024-03-31 04411951 core:RetainedEarningsAccumulatedLosses 2024-03-31 04411951 core:RevaluationReserve 2024-03-31 04411951 core:ShareCapital 2024-03-31 04411951 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 04411951 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 04411951 core:CurrentFinancialInstruments 2024-03-31 04411951 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04411951 core:Non-currentFinancialInstruments 2024-03-31 04411951 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 04411951 core:FurnitureFittingsToolsEquipment 2024-03-31 04411951 core:MotorVehicles 2024-03-31 04411951 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-03-31 04411951 core:RevaluationReserve 2023-04-01 2024-03-31 04411951 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-04-01 2024-03-31 04411951 2023-03-31 04411951 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04411951

Guardian Storage Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2024 to 30 September 2024

 

Guardian Storage Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Guardian Storage Limited

Company Information

Directors

R Larrington

Y A Larrington

Company secretary

Y A Larrington

Registered office

2 Witham Works
Great Fen Road
Boardsides
Boston
Lincolnshire
PE21 7NY

 

Guardian Storage Limited

(Registration number: 04411951)
Balance Sheet as at 30 September 2024

Note

2024
£

2024
£

Fixed assets

 

Tangible assets

4

267,676

270,568

Current assets

 

Debtors

5

51,136

75,190

Cash at bank and in hand

 

81,166

56,230

 

132,302

131,420

Creditors: Amounts falling due within one year

6

(17,224)

(28,134)

Net current assets

 

115,078

103,286

Total assets less current liabilities

 

382,754

373,854

Creditors: Amounts falling due after more than one year

6

(7,168)

(3,199)

Provisions for liabilities

(66,919)

(17,855)

Net assets

 

308,667

352,800

Capital and reserves

 

Called up share capital

7

100

100

Revaluation reserve

26,827

26,827

Retained earnings

281,740

325,873

Shareholders' funds

 

308,667

352,800

For the financial period ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 August 2025 and signed on its behalf by:
 

.........................................
R Larrington
Director

.........................................
Y A Larrington
Company secretary and director

 
     
 

Guardian Storage Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 September 2024

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Witham Works
Great Fen Road
Boardsides
Boston
Lincolnshire
PE21 7NY

These financial statements were authorised for issue by the Board on 19 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Guardian Storage Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 September 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance basis

Motor vehicles

25% reducing balance basis

Departures from Companies Act requirements

Depreciation has been adjusted in line with the director's view that the market value of fixed assets is in excess of net book value. Depreciation has been reversed on those assets with values adjusted.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Guardian Storage Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 2 (2024 - 2).

 

Guardian Storage Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

272,425

41,500

313,925

Revaluations

(33,010)

-

(33,010)

Additions

11,650

-

11,650

Disposals

(1,344)

-

(1,344)

At 30 September 2024

249,721

41,500

291,221

Depreciation

At 1 April 2024

23,312

20,045

43,357

Eliminated on disposal

(357)

-

(357)

Impairment

(19,455)

-

(19,455)

At 30 September 2024

3,500

20,045

23,545

Carrying amount

At 30 September 2024

246,221

21,455

267,676

At 31 March 2024

249,113

21,455

270,568

Departure from accounting standard

The director has reviewed the market value of all fixed assets and identified assets with a market value in excess of net book value. The director is of the view that the fixed assets should be revalued to reflect the market value.

Where the fixed assets have been revalued, no depreciation has been charged during the year.

For those assets revalued whereby market value has been deemed in excess of net book value; however lower than original cost an adjustment to accumulated depreciation has been made.
 

5

Debtors

Current

Note

2024
£

2024
£

Trade debtors

 

4,037

2,833

Amounts owed by related parties

10

43,300

68,800

Prepayments

 

-

293

Other debtors

 

3,799

3,264

   

51,136

75,190

 

Guardian Storage Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2024
£

Due within one year

 

Loans and borrowings

9

8,621

8,752

Trade creditors

 

3,183

67

Taxation and social security

 

3,320

17,315

Accruals and deferred income

 

2,100

2,000

 

17,224

28,134

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £5,666 (31st March 2024 - £2,893).

Creditors: amounts falling due after more than one year

Note

2024
£

2024
£

Due after one year

 

Loans and borrowings

9

7,168

3,199


 

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £5,335 (31st March 2024 - £2,894).

7

Share capital

Allotted, called up and fully paid shares

2024

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

26,827

26,827

 

Guardian Storage Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 September 2024

9

Loans and borrowings

2024
£

2024
£

Non-current loans and borrowings

Bank borrowings

1,833

3,199

Hire purchase contracts

5,335

-

7,168

3,199

2024
£

2024
£

Current loans and borrowings

Bank borrowings

2,750

2,760

Hire purchase contracts

5,665

5,786

Other borrowings

206

206

8,621

8,752

10

Related party transactions

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

68,800

68,800

Repaid

(25,500)

(25,500)

At end of period

43,300

43,300

2024

Entities with joint control or significant influence
£

Total
£

At start of period

63,000

63,000

Advanced

5,800

5,800

At end of period

68,800

68,800