REGISTERED NUMBER: 02005856 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Action Storage Systems Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T Brialey

Ms D S Davis

REGISTERED OFFICE:

Bletchenden Manor Barn

Bletchenden Road

Headcorn

Kent

TN27 9JB

REGISTERED NUMBER:

02005856 (England and Wales)

ACCOUNTANTS:

McLean Reid

Chartered Accountants

1 Forstal Road

Aylesford

Kent

ME20 7AU

FIXED ASSETS

Tangible assets

4

-

83,590

Investments

5

-

156,329

-

239,919

CURRENT ASSETS

Debtors

6

174

1,468

Cash at bank

173

1,758

347

3,226

CREDITORS

Amounts falling due within one year

7

7,770

3,392

NET CURRENT LIABILITIES

(7,423

)

(166

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,423

)

239,753

PROVISIONS FOR LIABILITIES

-

15,802

NET (LIABILITIES)/ASSETS

(7,423

)

223,951

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(7,523

)

223,851

(7,423

)

223,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

Mr T Brialey - Director

1.	STATUTORY INFORMATION

Action Storage Systems Ltd 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.

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

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

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the company's plant and machinery at 15% on reducing balance and at 20% to 25% straight line.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at costs less any diminution in value.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

318,152

DEPRECIATION

At 1 April 2024

234,562

Impairments

83,590

At 31 March 2025

318,152

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

83,590

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

156,329

Disposals

(156,329

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

156,329

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

174

1,468

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,898

457

Other creditors

4,872

2,935

7,770

3,392