A1 STORAGE LOTHIAN LIMITED


Directors	Jim Park
	Donna Park


Registered Address	Nethertown Lodge
	West Nethertown Street
	Dunfermline
	KY12 7PN


Registered Number	SC534177 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		63,173		64,206
			63,173		64,206
Current assets
Debtors	4	2,971		6,728
Cash at bank and on hand		6,507		5,297
		9,478		12,025
Creditors amounts falling due within one year	5	(25,869)		(29,337)
Net current assets (liabilities)			(16,391)		(17,312)
Total assets less current liabilities			46,782		46,894
Creditors amounts falling due after one year	6		(6,115)		(7,543)
Provisions for liabilities			(12,003)		(12,199)
Net assets			28,664		27,152
Capital and reserves
Called up share capital			10		10
Profit and loss account			28,654		27,142
Shareholders' funds			28,664		27,152

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 6 October 2025, and are signed on its behalf by:

Jim Park
Director
Registered Company No. SC534177

A1 STORAGE LOTHIAN LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	These financial statements have been prepared on a going concern basis despite the net current liability position. The Directors have guaranteed their continued support and have confirmed they will not withdraw their loan account to the detriment of any other creditors.

	Turnover policy
	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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	10
Plant and machinery	20	-
Vehicles	20	-
Office Equipment	-	3

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

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	5,930	149,600	-	4,932	160,462
Additions	-	3,027	10,350	-	13,377
At 31 March 25	5,930	152,627	10,350	4,932	173,839
Depreciation and impairment
At 01 April 24	4,645	88,055	-	3,556	96,256
Charge for year	593	12,698	340	779	14,410
At 31 March 25	5,238	100,753	340	4,335	110,666
Net book value
At 31 March 25	692	51,874	10,010	597	63,173
At 31 March 24	1,285	61,545	-	1,376	64,206

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1,131	4,543
Other debtors	-	795
Prepayments and accrued income	1,840	1,390
Total	2,971	6,728

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,542	3,738
Bank borrowings and overdrafts	1,200	1,200
Taxation and social security	2,929	1,832
Other creditors	14,733	21,162
Accrued liabilities and deferred income	4,465	1,405
Total	25,869	29,337

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	6,115	7,543
Total	6,115	7,543