REGISTERED NUMBER: 10997214 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Autostore System Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms G A Klungtveit

F Robberstad

Ms J S Hovda

REGISTERED OFFICE:

Clayton and Brewill

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

REGISTERED NUMBER:

10997214 (England and Wales)

AUDITORS:

Clayton & Brewill

Statutory Auditors and

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Tangible assets

4

72,385

65,874

CURRENT ASSETS

Stocks

172,354

-

Debtors

828,875

513,204

Cash at bank

516,929

319,241

1,518,158

832,445

CREDITORS

Amounts falling due within one year

690,231

366,149

NET CURRENT ASSETS

827,927

466,296

TOTAL ASSETS LESS CURRENT LIABILITIES

900,312

532,170

CREDITORS

Amounts falling due after more than one year

297,999

286,665

NET ASSETS

602,313

245,505

CAPITAL AND RESERVES

Called up share capital

6

1

1

Other reserves

334,574

42,140

Retained earnings

267,738

203,364

SHAREHOLDERS' FUNDS

602,313

245,505

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Ms G A Klungtveit - Director

1.	STATUTORY INFORMATION

Autostore System 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 represents gross invoiced sales of services, excluding discounts, rebates, value added tax and other sales taxes. Turnover relates to commissions received from the parent company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% reducing balance and Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

95,043

Additions

45,029

At 31 December 2024

140,072

DEPRECIATION

At 1 January 2024

29,169

Charge for year

38,518

At 31 December 2024

67,687

NET BOOK VALUE

At 31 December 2024

72,385

At 31 December 2023

65,874

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

20,400

40,800

Between one and five years

-

20,400

20,400

61,200

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Yvonne Jackson BSc FCA (Senior Statutory Auditor)

for and on behalf of Clayton & Brewill

8.	PARENT COMPANY

The parent company is Autostore AS , a company with registered address Stokkastrandvegan 85, Nedre Vats, 5578, Norway which holds 100% of the company .