REGISTERED NUMBER: 06393524 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2024

FOR

BEYOND STORAGE ROSS LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

James A Hay

Secretary:

James A Hay

Registered office:

Lower Cleeve Farm

Hom Green

Ross-On-Wye

Herefordshire

HR9 7TD

Registered number:

06393524 (England and Wales)

Fixed assets

Tangible assets

4

94,482

169,059

Current assets

Debtors

5

203,837

206,075

Cash at bank

19,971

10,777

223,808

216,852

Creditors

Amounts falling due within one year

6

88,628

95,121

Net current assets

135,180

121,731

Total assets less current liabilities

229,662

290,790

Creditors

Amounts falling due after more than one year

7

(39,069

)

(78,729

)

Provisions for liabilities

8

(23,600

)

(38,400

)

Net assets

166,993

173,661

Capital and reserves

Called up share capital

9

100

100

Retained earnings

166,893

173,561

Shareholders' funds

166,993

173,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd September 2025 and were signed by:

James A Hay - Director

1.	Statutory information

Beyond Storage Ross 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates on the straight line method in order to write off each asset over its estimated useful life:

Plant & machinery

15%

Computer equipment

25%

Motor vehicles

25%

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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 trade and other receivables and cash and bank balances, 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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

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 date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	Employees (including officers)

The average number of employees during the year was 1 (2023 - 8 ) .

4.	Tangible fixed assets

Plant &

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st January 2024

271,546

180,578

20,881

473,005

Additions

6,801

-

3,331

10,132

Disposals

-

(62,046

)

(1,008

)

(63,054

)

At 31st December 2024

278,347

118,532

23,204

420,083

Depreciation

At 1st January 2024

191,967

102,047

9,932

303,946

Charge for year

36,009

26,885

5,798

68,692

Eliminated on disposal

-

(46,533

)

(504

)

(47,037

)

At 31st December 2024

227,976

82,399

15,226

325,601

Net book value

At 31st December 2024

50,371

36,133

7,978

94,482

At 31st December 2023

79,579

78,531

10,949

169,059

The net book value of tangible fixed assets includes £ 43,888 (2023 - £ 96,101 ) in respect of assets held under hire purchase contracts.

5.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade debtors

11,201

8,968

Amounts owed by group undertakings

187,991

189,209

Other debtors & prepayments

4,645

7,898

203,837

206,075

6.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Bank loans & overdrafts

10,000

10,000

Hire purchase contracts

13,467

39,034

Trade creditors

6,970

16,111

Corporation tax

25,000

800

Social security & other taxes

12,541

8,115

Other creditors & accruals

20,650

21,061

88,628

95,121

7.

Creditors: amounts falling due after more than one year

31.12.24

31.12.23

£

£

Bank loans - two to five years

4,167

14,167

Hire purchase contracts

34,902

64,562

39,069

78,729

8.	Provisions for liabilities

31.12.24

31.12.23

£

£

Deferred tax

23,600

38,400

Deferred tax

£

Balance at 1st January 2024

38,400

Utilised during year

(14,800

)

Balance at 31st December 2024

23,600

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

10.	Contingent liabilities

There were no contingent liabilities as at 31st December 2024.

11.	Director's advances, credits and guarantees

During the year, the director used a current account with the company to record amounts due to him and amounts drawn by him. Loans and advances totalling £1,343 and repayments of £1,343 were made during the year. The balance at the year end was £nil as it was transferred to the holding company.

The loans and advances were made interest free and were repayable on demand.

12.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	Ultimate controlling party

The company is a wholly owned subsidiary of Beyond Storage Group Limited.

Company registration number: 13232664

Company registration address: Lower Cleeve Farm, Hom Green, Ross-on-Wye, HR9 7TD