Company registration number 04901224 (England and Wales)
LEDBURY STORAGE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
LEDBURY STORAGE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
LEDBURY STORAGE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
113,808
120,205
Current assets
Debtors
5
480
19,788
Cash at bank and in hand
666
3,637
1,146
23,425
Creditors: amounts falling due within one year
6
(156,706)
(159,520)
Net current liabilities
(155,560)
(136,095)
Net liabilities
(41,752)
(15,890)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(41,754)
(15,892)
Total equity
(41,752)
(15,890)

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 7 November 2025
Mr J Heard
Director
Company registration number 04901224 (England and Wales)
LEDBURY STORAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Ledbury Storage Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Noad, Gloucester Road, Ledbury, Herefordshire, HR8 2JB.

1.1
Reporting period

The current reporting period is the year ended 31 March 2025. The comparative reporting period is the fifteen month period from 1 January 2023 to 31 March 2024.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The coronavirus pandemic and subsequent economic and geopolitical difficulties have significantly disrupted individuals’ personal lives and businesses’ economic prospects in the UK and across the globe. We have continued to prepare the accounts on a going concern basis and deem this appropriate. We do not consider that a material uncertainty about our going concern status currently exists. In making this assessment we have considered the likely trading conditions for a period of twelve months from the date of our approval of these accounts.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The company recognises revenue from the following major sources:

- strorage and warehousing

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

strorage and warehousing

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

LEDBURY STORAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Storage Containers
2% per annum straight line basis
Fixtures and fittings
20% per annum reducing balance basis
Motor vehicles
25% per annum reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

LEDBURY STORAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

LEDBURY STORAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
206,801
Additions
1,297
At 31 March 2025
208,098
Depreciation and impairment
At 1 April 2024
86,596
Depreciation charged in the year
7,694
At 31 March 2025
94,290
Carrying amount
At 31 March 2025
113,808
At 31 March 2024
120,205
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
19,788
Other debtors
480
-
0
480
19,788
LEDBURY STORAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
1,420
Taxation and social security
-
0
5,393
Other creditors
156,706
152,707
156,706
159,520
7
Related party transactions

For the year ended 31 March 2025 rent of £16,000 (2024 - £24,000) was payable by the company to J Heard (director) and service charges of £43,000 (2024 - £46,500) were payable by the company to a partnership in which J Heard is a partner.

Creditors at 31 March 2025 includes unsecured interest-free amounts of £147,792 (2024 - £138,756) payable on demand by the company to J Heard.

2025-03-31 2024-04-01 false false false 07 November 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr J Heard 04901224 2024-04-01 2025-03-31 04901224 2025-03-31 04901224 2024-03-31 04901224 core:OtherPropertyPlantEquipment 2025-03-31 04901224 core:OtherPropertyPlantEquipment 2024-03-31 04901224 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04901224 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04901224 core:ShareCapital 2025-03-31 04901224 core:ShareCapital 2024-03-31 04901224 core:RetainedEarningsAccumulatedLosses 2025-03-31 04901224 core:RetainedEarningsAccumulatedLosses 2024-03-31 04901224 bus:Director1 2024-04-01 2025-03-31 04901224 core:PlantMachinery 2024-04-01 2025-03-31 04901224 core:FurnitureFittings 2024-04-01 2025-03-31 04901224 core:MotorVehicles 2024-04-01 2025-03-31 04901224 2023-01-01 2024-03-31 04901224 core:OtherPropertyPlantEquipment 2024-03-31 04901224 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 04901224 core:CurrentFinancialInstruments 2025-03-31 04901224 core:CurrentFinancialInstruments 2024-03-31 04901224 core:WithinOneYear 2025-03-31 04901224 core:WithinOneYear 2024-03-31 04901224 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04901224 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04901224 bus:FRS102 2024-04-01 2025-03-31 04901224 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04901224 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP