REGISTERED NUMBER: 06561355 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

COTMER STORAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A T Oven

Miss H F Oven

Mr C Oven

Mr T W Jones

Mr J G Weston-King

REGISTERED OFFICE:

54 Thorpe Road

Norwich

Norfolk

NR1 1RY

REGISTERED NUMBER:

06561355 (England and Wales)

ACCOUNTANTS:

Berry & Warren Ltd

Chartered Accountants

54 Thorpe Road

Norwich

Norfolk

NR1 1RY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,061,298

955,310

Investments

6

12,405

12,405

1,073,703

967,715

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

7

296,282

393,661

Cash at bank and in hand

67,770

63,786

374,052

467,447

CREDITORS

Amounts falling due within one year

8

292,431

216,593

NET CURRENT ASSETS

81,621

250,854

TOTAL ASSETS LESS CURRENT LIABILITIES

1,155,324

1,218,569

CREDITORS

Amounts falling due after more than one year

9

(123,010

)

(59,430

)

PROVISIONS FOR LIABILITIES

(265,324

)

(238,827

)

NET ASSETS

766,990

920,312

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

766,890

920,212

766,990

920,312

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 9 December 2025 and were signed on its behalf by:

Mr A T Oven - Director

1.	STATUTORY INFORMATION

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

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 as modified by the revaluation of certain assets.

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of the company's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life of 5 years.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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 following basis:

Containers - 15% reducing balance

Plant and machinery - 25% straight line

Fixtures and fittings - 25% straight line

Motor vehicles - 20% reducing balance

Computer equipment - 25% straight line

The assets' residual values , useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

Investments

Investments in unlisted companies are measured at cost less accumulated impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first in, first out method.

Debtors

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

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from other third parties.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

55,090

AMORTISATION

At 1 April 2024

and 31 March 2025

55,090

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Containers

machinery

fittings

£

£

£

COST

At 1 April 2024

488,277

65,130

74,743

Additions

-

-

-

Disposals

-

-

-

At 31 March 2025

488,277

65,130

74,743

DEPRECIATION

At 1 April 2024

284,776

27,590

57,084

Charge for year

28,512

11,824

9,636

Eliminated on disposal

-

-

-

At 31 March 2025

313,288

39,414

66,720

NET BOOK VALUE

At 31 March 2025

174,989

25,716

8,023

At 31 March 2024

203,501

37,540

17,659

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

1,337,205

66,881

2,032,236

Additions

346,186

1,269

347,455

Disposals

(61,532

)

-

(61,532

)

At 31 March 2025

1,621,859

68,150

2,318,159

DEPRECIATION

At 1 April 2024

644,910

62,566

1,076,926

Charge for year

154,023

2,724

206,719

Eliminated on disposal

(26,784

)

-

(26,784

)

At 31 March 2025

772,149

65,290

1,256,861

NET BOOK VALUE

At 31 March 2025

849,710

2,860

1,061,298

At 31 March 2024

692,295

4,315

955,310

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

Motor

vehicles

£

COST

At 1 April 2024

369,032

Additions

157,801

Disposals

(61,532

)

Transfer to ownership

(222,500

)

At 31 March 2025

242,801

DEPRECIATION

At 1 April 2024

173,165

Charge for year

36,535

Eliminated on disposal

(26,784

)

Transfer to ownership

(140,123

)

At 31 March 2025

42,793

NET BOOK VALUE

At 31 March 2025

200,008

At 31 March 2024

195,867

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

12,405

NET BOOK VALUE

At 31 March 2025

12,405

At 31 March 2024

12,405

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

120,733

85,331

Amounts owed by group undertakings

142,364

266,556

Other debtors

33,185

41,774

296,282

393,661

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

42,342

49,150

Trade creditors

92,550

27,607

Taxation and social security

127,613

117,976

Other creditors

29,926

21,860

292,431

216,593

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

123,010

59,430

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

165,352

108,580

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

Mr A T Oven

Balance outstanding at start of year

-

222,678

Amounts repaid

-

(222,678

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

12.	RELATED PARTY DISCLOSURES

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 members of a group.

13.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Cotmer Holdings Limited and its registered office is 54 Thorpe Road, Norwich, NR1 1RY. The ultimate controlling party of the parent company is Mr A T Oven.