REGISTERED NUMBER: 07748294 (England and Wales)

RHINO STORAGE SALISBURY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr G J Davis

Mr J W Davis

REGISTERED OFFICE:

Unit 5

Dillybrook Business Park

Poplar Tree Lane

Wingfield

Wiltshire

BA14 9NB

REGISTERED NUMBER:

07748294 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

FIXED ASSETS

Intangible assets

5

544,616

624,316

Tangible assets

6

61,816

54,422

606,432

678,738

CURRENT ASSETS

Debtors

7

118,080

158,170

Cash at bank

26,487

68,905

144,567

227,075

CREDITORS

Amounts falling due within one year

8

195,138

251,119

NET CURRENT LIABILITIES

(50,571

)

(24,044

)

TOTAL ASSETS LESS CURRENT LIABILITIES

555,861

654,694

CREDITORS

Amounts falling due after more than one year

9

(51,638

)

(150,470

)

PROVISIONS FOR LIABILITIES

(13,000

)

(1,315

)

NET ASSETS

491,223

502,909

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

491,219

502,905

SHAREHOLDERS' FUNDS

491,223

502,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2025 and were signed on its behalf by:

Mr J W Davis - Director

1.	STATUTORY INFORMATION

Rhino Storage Salisbury 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales from the provision of self storage facilities, net of value added tax. Turnover is recognised per day where a storage facility is utilised.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Taxation

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Hire purchase and leasing commitments

At inception the Company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is a finance lease or an operating lease based on the substances of the arrangement.

Operating leases

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits

Short- term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Provisions for liabilities

Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance costs in profit or loss in the period it arises.

The Company recognises a provision for annual leave accrued by employees for services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months, measured at the salary costs payable for the period of absence.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

805,884

AMORTISATION

At 1 July 2024

181,568

Amortisation for year

79,700

At 30 June 2025

261,268

NET BOOK VALUE

At 30 June 2025

544,616

At 30 June 2024

624,316

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

-

3,595

85,495

2,720

91,810

Additions

2,727

6,822

46,460

1,418

57,427

Disposals

-

-

(75,995

)

-

(75,995

)

At 30 June 2025

2,727

10,417

55,960

4,138

73,242

DEPRECIATION

At 1 July 2024

-

2,952

32,363

2,073

37,388

Charge for year

361

160

12,839

756

14,116

Eliminated on disposal

-

-

(40,078

)

-

(40,078

)

At 30 June 2025

361

3,112

5,124

2,829

11,426

NET BOOK VALUE

At 30 June 2025

2,366

7,305

50,836

1,309

61,816

At 30 June 2024

-

643

53,132

647

54,422

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 July 2024

73,114

Additions

46,460

Disposals

(73,114

)

At 30 June 2025

46,460

DEPRECIATION

At 1 July 2024

29,087

Charge for year

10,687

Eliminated on disposal

(38,807

)

At 30 June 2025

967

NET BOOK VALUE

At 30 June 2025

45,493

At 30 June 2024

44,027

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

118,080

158,170

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

93,596

40,598

Hire purchase contracts (see note 10)

6,590

8,937

Trade creditors

9,765

6,816

Taxation and social security

60,420

148,457

Other creditors

24,767

46,311

195,138

251,119

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

13,768

107,056

Hire purchase contracts (see note 10)

37,870

43,414

51,638

150,470

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

6,590

8,937

Between one and five years

37,870

43,414

44,460

52,351

Non-cancellable

operating leases

2025

2024

£

£

Within one year

28,200

27,400

Between one and five years

66,300

94,500

94,500

121,900