Allied Storage Tanks Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08833700 (England and Wales)

ALLIED STORAGE TANKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P S Doughty

K M White

T C Cornaby

REGISTERED OFFICE:

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

REGISTERED NUMBER:

08833700 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

81,147

75,458

CURRENT ASSETS

Stocks

28,123

29,947

Debtors

5

389,799

348,547

Cash at bank and in hand

2,826,468

2,375,447

3,244,390

2,753,941

CREDITORS

Amounts falling due within one year

6

(689,913

)

(830,936

)

NET CURRENT ASSETS

2,554,477

1,923,005

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,635,624

1,998,463

PROVISIONS FOR LIABILITIES

(20,286

)

(18,865

)

NET ASSETS

2,615,338

1,979,598

CAPITAL AND RESERVES

Called up share capital

7

95

Share premium

34,995

Capital redemption reserve

10

Retained earnings

2,580,238

1,944,498

SHAREHOLDERS' FUNDS

2,615,338

1,979,598

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2025 and were signed on its behalf by:

T C Cornaby - Director

1.	STATUTORY INFORMATION

Allied Storage Tanks 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.

The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover

Turnover represents amounts billed and billable in respect of the manufacture and installation of storage tanks during the year, excluding value added tax.

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

-

25% on cost

Fixtures and Fittings

-

25% on cost

Motor vehicles

-

25% on cost

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and estimated selling price less cost to sell, after making due allowance for obsolete and slow moving items.

Current tax

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

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.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Financial instruments

Basic financial instruments are recognised at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

Fittings

vehicles

equipment

Totals

£

COST

At 1 February 2024

110,724

15,697

67,332

27,393

221,146

Additions

23,880

9,886

-

3,202

36,968

At 31 January 2025

134,604

25,583

67,332

30,595

258,114

DEPRECIATION

At 1 February 2024

87,313

1,085

37,795

19,495

145,688

Charge for year

13,368

6,329

8,439

3,143

31,279

At 31 January 2025

100,681

7,414

46,234

22,638

176,967

NET BOOK VALUE

At 31 January 2025

33,923

18,169

21,098

7,957

81,147

At 31 January 2024

23,411

14,612

29,537

7,898

75,458

5.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

375,690

334,940

Other debtors

7,704

748

Directors' loan accounts

406

2,406

Prepayments and accrued income

2,850

7,304

386,650

345,398

Amounts falling due after more than one year:

Other debtors

3,149

Aggregate amounts

389,799

348,547

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

148,177

256,088

Corporation tax

295,217

198,537

Social security and other taxes

29,069

21,787

VAT

88,590

44,263

Other creditors

5,862

18,871

Directors' loan accounts

3

Accruals and deferred income

122,995

291,387

689,913

830,936

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

Value:

£

70

Ordinary A

£1

70

15

Ordinary B

£1

15

5

Ordinary D

£1

5

Ordinary E

£1

5

95

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

K M White

Balance outstanding at start of year

2,406

8,406

Amounts repaid

(2,000

)

(6,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

406

2,406