Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 2024-01-01 false Storage 3 4 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11718601 2024-01-01 2024-12-31 11718601 2023-01-01 2023-12-31 11718601 2024-12-31 11718601 2023-12-31 11718601 c:Director1 2024-01-01 2024-12-31 11718601 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 11718601 d:Buildings d:LongLeaseholdAssets 2024-12-31 11718601 d:Buildings d:LongLeaseholdAssets 2023-12-31 11718601 d:PlantMachinery 2024-01-01 2024-12-31 11718601 d:PlantMachinery 2024-12-31 11718601 d:PlantMachinery 2023-12-31 11718601 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11718601 d:MotorVehicles 2024-01-01 2024-12-31 11718601 d:MotorVehicles 2024-12-31 11718601 d:MotorVehicles 2023-12-31 11718601 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11718601 d:FurnitureFittings 2024-01-01 2024-12-31 11718601 d:FurnitureFittings 2024-12-31 11718601 d:FurnitureFittings 2023-12-31 11718601 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11718601 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11718601 d:CurrentFinancialInstruments 2024-12-31 11718601 d:CurrentFinancialInstruments 2023-12-31 11718601 d:Non-currentFinancialInstruments 2024-12-31 11718601 d:Non-currentFinancialInstruments 2023-12-31 11718601 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11718601 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11718601 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11718601 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11718601 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 11718601 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 11718601 d:ShareCapital 2024-12-31 11718601 d:ShareCapital 2023-12-31 11718601 d:RetainedEarningsAccumulatedLosses 2024-12-31 11718601 d:RetainedEarningsAccumulatedLosses 2023-12-31 11718601 c:FRS102 2024-01-01 2024-12-31 11718601 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11718601 c:FullAccounts 2024-01-01 2024-12-31 11718601 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11718601 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 11718601 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 11718601 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 11718601 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 11718601 2 2024-01-01 2024-12-31 11718601 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-12-31 11718601 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 11718601 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-12-31 11718601 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 11718601 d:LeasedAssetsHeldAsLessee 2024-12-31 11718601 d:LeasedAssetsHeldAsLessee 2023-12-31 11718601 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 11718601 GIANT STORAGE LTD. UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
GIANT STORAGE LTD. REGISTERED NUMBER: 11718601 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 374,596 |  | 360,787
|  |  | 374,596 |  | 360,787
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 70,130 |  | 19,762 |
Cash at bank and in hand | 6 | 12,690 |  | 31,750 |
|  | 82,820 |  | 51,512 |
Creditors: amounts falling due within one year | 7 | (316,666) |  | (224,578) |
Net current liabilities |  |  | (233,846) |  | (173,066)
Total assets less current liabilities |  |  | 140,750 |  | 187,721
Creditors: amounts falling due after more than one year | 8 |  | (119,787) |  | (198,149)
Net assets/(liabilities) |  |  | 20,963 |  | (10,428)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 20,962 |  | (10,429)
|  |  | 20,963 |  | (10,428)
Page 1
GIANT STORAGE LTD. REGISTERED NUMBER: 11718601 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 September 2025.
................................................ Henry Langdon
Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
GIANT STORAGE LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
The Company is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the year was the provision of storage facilities. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The accounts have been prepared on a going concern basis. This assumes the continued support of the director which he has pledged for the foreseeable future.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
GIANT STORAGE LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.7 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.8 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.9 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold property | - |  | Not depreciated
|  |  |  | Plant and machinery | - | 15% | reducing balance
|  |  |  | Motor vehicles | - | 20% | reducing balance
|  |  |  | Fixtures and fittings | - | 20% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 4
GIANT STORAGE LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.11 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.12 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2023 - 4).
Page 5
GIANT STORAGE LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Tangible fixed assets
|  | Long-term leasehold property | Plant and machinery | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2024 | - | 315,149 | 208,275 | 14,295 | 537,719
| Additions | 5,543 | 31,450 | 89,451 | 8,822 | 135,266
| Disposals | - | - | (62,890) | (10,000) | (72,890)
| At 31 December 2024 | 5,543 | 346,599 | 234,836 | 13,117 | 600,095
| Depreciation |  |  |  |  |
| At 1 January 2024 | - | 93,135 | 76,455 | 7,342 | 176,932
| Charge for the year on owned assets | - | 38,020 | 36,141 | 2,182 | 76,343
| Disposals | - | - | (22,640) | (5,136) | (27,776)
| At 31 December 2024 | - | 131,155 | 89,956 | 4,388 | 225,499
| Net book value |  |  |  |  |
| At 31 December 2024 | 5,543 | 215,444 | 144,880 | 8,729 | 374,596
| At 31 December 2023 | - | 222,014 | 131,820 | 6,953 | 360,787
Page 6
GIANT STORAGE LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 4.Tangible fixed assets (continued)
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Plant and machinery | 151,616 | 154,322
| Motor vehicles | 77,212 | 97,687
|  | 228,828 | 252,009
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 43,763 | 19,762
| Amounts owed by joint ventures and associated undertakings | 25,326 | -
| Other debtors | 191 | -
| Prepayments and accrued income | 850 | -
|  | 70,130 | 19,762
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 12,690 | 31,750
|  | 12,690 | 31,750
Page 7
GIANT STORAGE LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 40,863 | 40,863
| Trade creditors | 69,234 | 18,326
| Amounts owed to joint ventures | - | 1,393
| Other taxation and social security | 14,177 | 20,325
| Obligations under finance lease and hire purchase contracts | 71,264 | 92,974
| Other creditors | 117,903 | 47,567
| Accruals and deferred income | 3,225 | 3,130
|  | 316,666 | 224,578
| Included within other creditors is a directors current account balance of £89,325 (2023 - £22,986) in relation to Henry Langdon.
| The following liabilities were secured:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 40,863 | 40,863
| Obligations under finance lease and hire purchase contracts | 84,032 | 92,974
|  | 124,895 | 133,837
| Details of security provided:
The hire purchase loans are secured on the assets concerned. Page 8
GIANT STORAGE LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 56,678 | 79,046
| Net obligations under finance leases and hire purchase contracts | 63,109 | 119,103
|  | 119,787 | 198,149
| The following liabilities were secured:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 56,678 | 79,046
| Net obligations under finance leases and hire purchase contracts | 89,216 | 119,103
|  | 145,894 | 198,149
| Details of security provided:
The hire purchase loans are secured on the assets concerned.
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 40,863 | 40,863
| Amounts falling due 1-2 years |  |
| Bank loans | 56,678 | 79,046
|  | 97,541 | 119,909
Page 9
GIANT STORAGE LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Within one year | 84,032 | 92,974
| Between 1-5 years | 89,215 | 119,103
|  | 173,247 | 212,077
11. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,073 (2023 - £1,768) . Contributions totalling £2,129 (2023 - £206) were due from the fund at the balance sheet date and are included in creditors.
12. | Controlling party
The Company is controlled by the director, Henry Langdon, by virtue of his shareholding as described in the Director's report.
Page 10