KLM Storage (Midlands) Ltd

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—3

Registered number: 06306538

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		47,149		71,999

			47,149		71,999
CURRENT ASSETS
Debtors	5	118,970		274,554
Cash at bank and in hand		327,463		321,947

		446,433		596,501
Creditors: Amounts Falling Due Within One Year	6	(172,351 )		(179,992 )

NET CURRENT ASSETS (LIABILITIES)			274,082		416,509

TOTAL ASSETS LESS CURRENT LIABILITIES			321,231		488,508

NET ASSETS			321,231		488,508

CAPITAL AND RESERVES
Called up share capital	7		1		1
Income Statement			321,230		488,507

SHAREHOLDERS' FUNDS			321,231		488,508

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Justin Humphryes

Director

03/10/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

KLM Storage (Midlands) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06306538 . The registered office is Unit 349 Rushock Trading Estate, Droitwich Road, Droitwich Spa, Worcestershire, WR9 0NR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20
Fixtures & Fittings	20

2.4. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 8)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 March 2024	106,000	37,524	143,524

As at 28 February 2025	106,000	37,524	143,524

Depreciation
As at 1 March 2024	40,227	31,298	71,525
Provided during the period	21,199	3,651	24,850

As at 28 February 2025	61,426	34,949	96,375

Net Book Value
As at 28 February 2025	44,574	2,575	47,149

As at 1 March 2024	65,773	6,226	71,999

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KLM Storage (Midlands) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	118,770	147,682
Prepayments and accrued income	-	126,672
Other debtors-Employee Loan	200	200

	118,970	274,554

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	98,237	154,163
Other taxes and social security	7,849	8,138
VAT	30,437	7,463
Other creditors	310	442
Directors' loan accounts	125	125
Amounts owed to associates	35,393	9,661

	172,351	179,992

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	9,251	13,181
Later than one year and not later than five years	5,520	5,530

	14,771	18,711

9. Related Party Transactions

KLM Storage Ltd is the 100% shareholder in KLM Storage (Midlands) Ltd.

The directors in KLM Storage Ltd are also directors in KLM Storage (Midlands) Ltd.

KLM Storage Ltd owns the freehold property where KLM Storage (Midlands) Ltd trades from

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