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REGISTERED NUMBER: 02780524 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Hull Storage & Interiors Limited

Hull Storage & Interiors Limited (Registered number: 02780524)

Contents of the Financial Statements
for the year ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hull Storage & Interiors Limited

Company Information
for the year ended 31 January 2023







DIRECTORS: P H Smith
Mrs S M Smith
J A Smith





SECRETARY: Mrs S M Smith





REGISTERED OFFICE: Index House
Spyvee Street
Hull
East Yorkshire
HU8 7JJ





REGISTERED NUMBER: 02780524 (England and Wales)





ACCOUNTANTS: Marshall & Co
Chartered Accountants
& Chartered Tax Advisers
The Bloc
Springfield Way
Anlaby
Kingston upon Hull
East Yorkshire
HU10 6RJ

Hull Storage & Interiors Limited (Registered number: 02780524)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,353 103,836

CURRENT ASSETS
Stocks 500 500
Debtors 5 162,216 167,794
Cash at bank 217,051 260,876
379,767 429,170
CREDITORS
Amounts falling due within one year 6 128,102 159,278
NET CURRENT ASSETS 251,665 269,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,018

373,728

CREDITORS
Amounts falling due after more than one
year

7

(46,637

)

(46,637

)

PROVISIONS FOR LIABILITIES (683 ) (399 )
NET ASSETS 306,698 326,692

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 306,598 326,592
SHAREHOLDERS' FUNDS 306,698 326,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Hull Storage & Interiors Limited (Registered number: 02780524)

Balance Sheet - continued
31 January 2023


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 8 October 2023 and were signed on its behalf by:





J A Smith - Director


Hull Storage & Interiors Limited (Registered number: 02780524)

Notes to the Financial Statements
for the year ended 31 January 2023


1. STATUTORY INFORMATION

Hull Storage & Interiors 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Hull Storage & Interiors Limited (Registered number: 02780524)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2022 140,152 4,135 29,112
Additions - - 2,013
At 31 January 2023 140,152 4,135 31,125
DEPRECIATION
At 1 February 2022 39,385 3,794 28,932
Charge for year 2,803 170 489
At 31 January 2023 42,188 3,964 29,421
NET BOOK VALUE
At 31 January 2023 97,964 171 1,704
At 31 January 2022 100,767 341 180

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 20,217 23,136 216,752
Additions - 1,315 3,328
At 31 January 2023 20,217 24,451 220,080
DEPRECIATION
At 1 February 2022 20,217 20,588 112,916
Charge for year - 1,349 4,811
At 31 January 2023 20,217 21,937 117,727
NET BOOK VALUE
At 31 January 2023 - 2,514 102,353
At 31 January 2022 - 2,548 103,836

Hull Storage & Interiors Limited (Registered number: 02780524)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 69,838 81,491
Other debtors 92,378 86,303
162,216 167,794

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 24,768 26,572
Taxation and social security 18,029 25,156
Other creditors 85,305 107,550
128,102 159,278

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 46,637 46,637

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   

Fixed and floating charges over the undertaking and all property and assets

9. RELATED PARTY DISCLOSURES

An interest free loan existed to an associated company, at the balance sheet date the amount due from it was £90,270 (2022 £83,037)

10. ULTIMATE CONTROLLING PARTY

The controlling party is the directors acting jointly.