Company Registration No. 04575816 (England and Wales)
INSTANT STORAGE LIMITED
Unaudited accounts
for the year ended 31 March 2023
INSTANT STORAGE LIMITED
Unaudited accounts
Contents
INSTANT STORAGE LIMITED
Company Information
for the year ended 31 March 2023
Directors
David Taylor
Jane Ann Taylor
Company Number
04575816 (England and Wales)
Registered Office
UNIT 3 BUFFER STORAGE DEPOT
TRENTSIDE
GUNTHORPE
NOTTS
NG14 7FB
Accountants
Hammond & Co
36 Chesterfield Road
Market Street
Staveley
Derbyshire
S43 3UT
INSTANT STORAGE LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
15,991
17,884
Cash at bank and in hand
30,736
24,620
Creditors: amounts falling due within one year
(89,032)
(47,573)
Net current assets
344,673
310,100
Total assets less current liabilities
360,664
327,984
Creditors: amounts falling due after more than one year
(35,004)
(45,005)
Provisions for liabilities
Deferred tax
(2,250)
(2,500)
Net assets
323,410
280,479
Called up share capital
10
10
Profit and loss account
323,400
280,469
Shareholders' funds
323,410
280,479
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by
Jane Ann Taylor
Director
Company Registration No. 04575816
INSTANT STORAGE LIMITED
Notes to the Accounts
for the year ended 31 March 2023
INSTANT STORAGE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04575816. The registered office is UNIT 3 BUFFER STORAGE DEPOT, TRENTSIDE, GUNTHORPE, NOTTS, NG14 7FB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Reducing Balance
Plant & machinery
10% Reducing Balance
Computer equipment
33% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
11,555
69,462
1,400
82,417
At 31 March 2023
11,555
69,462
1,400
82,417
At 1 April 2022
6,934
56,481
1,118
64,533
Charge for the year
461
1,339
93
1,893
At 31 March 2023
7,395
57,820
1,211
66,426
At 31 March 2023
4,160
11,642
189
15,991
At 31 March 2022
4,621
12,981
282
17,884
INSTANT STORAGE LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Other debtors
395,397
333,421
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
2,887
Trade creditors
(5,035)
(3,545)
Taxes and social security
33,750
36,164
Loans from directors
-
(51,926)
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).