LANE'S STORAGE AND REMOVALS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the balance sheet date the company had net current liabilities of £194,345 (2024 - £1,638,888) and net assets of £5,077,735 (2024 - £5,293,045). Included in amounts due in less than one year is £162,031 (2024 - £1,416,918) which are being repaid under set installments agreed with the company's bankers. In preparing and approving these financial statements the directors have given due consideration to going concern risks, and in particular the current economic environment characterised by heightened inflation that may impact activity in the housing market. Whilst recognising that there can be no certainty, the directors are satisfied that the going concern basis of preparation remains appropriate.”

Significant events

• “The directors report a loss before tax for the year of £18k (2024 - profit of £679k). The comparative period includes a profit arising on the disposal of the Somerset site of £471k.”
• “Revenue has fallen in the year to £4,892k (2024 - £5,110k).”
• “Sales volumes have declined as a whole due to the sale of the facility in Somerset, but volumes elsewhere have also struggled due to lower activity in the housing market.”
• “A facility was purchased in Hayle during the year for self storage which will hopefully see sales grow in the next twelve months.”
• “Cost of Sales have reduced to £2,578k (2024 £2,673k), though administrative expenses have increased from £1,641k to £2,086k.”
• “The balance sheet has seen more debt converted to longer term borrowing following the completion of the fitout in Hayle.”
• “Cash and cash equivalents have also risen in the year to £769k (2024 - £520k), due to the financing of the new Hayle site.”
• “Competition from both national and independent operators.”
• “Inflation and increased economic uncertainty impacting the housing market.”
• “Interest rate increases and impact on the housing market”
• “Changing legislation, such as the proposals around Minimum Energy Efficiency Standards, and impact on the rental market”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -4.3%

  £5,110,368 → £4,891,556

  lowest in 4 filed years

• Cash

  +47.8%

  £520,159 → £768,737

  highest in 4 filed years

• Net assets

  -4.1%

  £5,293,045 → £5,077,735

• Employees

  -4.8%

  63 → 60

  lowest in 4 filed years

• Operating profit

  -71.4%

  £796,365 → £227,909

  lowest in 4 filed years

• Profit before tax

  -102.7%

  £678,898 → -£18,406

  lowest in 4 filed years

• Wages

  -2.1%

  £2,001,154 → £1,959,589

  lowest in 4 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers