Company No: 12444132 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2024		31.12.2023
		£		£
Current assets
Debtors	3	44,624		39,911
Cash at bank and in hand		6,746		3,728
		51,370		43,639
Creditors: amounts falling due within one year	4	( 120,601)		( 77,899)
Net current liabilities		(69,231)		(34,260)
Total assets less current liabilities		(69,231)		(34,260)
Net liabilities		( 69,231)		( 34,260)
Capital and reserves
Called-up share capital	5	100		100
Profit and loss account		( 69,331 )		( 34,360 )
Total shareholder's deficit		( 69,231)		( 34,260)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of ACL Storage and Transportation Limited (registered number: 12444132) were approved and authorised for issue by the Director on 24 September 2025. They were signed on its behalf by:

Mr J Dutfield Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

ACL Storage and Transportation Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Main Office, Woodmead Road, Axminster, EX13 5PQ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There are no material departures from FRS 102.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. The parent company will continue to provide financial support in the form of intercompany loans, and will not withdraw its funding. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received and receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Rendering of services are recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	Year ended 31.12.2024		Period from 01.03.2023 to 31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Debtors

	31.12.2024		31.12.2023
	£		£
Trade debtors	720		2,160
Amounts owed by Group undertakings	34,554		28,884
Prepayments	9,350		8,765
VAT recoverable	0		102
	44,624		39,911

4. Creditors: amounts falling due within one year

	31.12.2024		31.12.2023
	£		£
Trade creditors	54,163		63,972
Amounts owed to Parent undertakings	57,900		5,594
Accruals	7,783		8,333
Other taxation and social security	755		0
	120,601		77,899

5. Called-up share capital

	31.12.2024		31.12.2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

6. Related party transactions

The company has taken advantage of the exemption to not disclose transactions with 100% group companies.

7. Ultimate controlling party

Parent Company:

Axminster Group Limited, incorporated in United Kingdom.

The registered office is Main Office, Woodmead Road, Axminster, EX13 5PQ.