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REGISTERED NUMBER: 09671558 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Storms Authentic Building Materials Ltd

Storms Authentic Building Materials Ltd (Registered number: 09671558)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Storms Authentic Building Materials Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: K Storms
M Vanhoonacker





SECRETARY: MYUKOFFICE LTD





REGISTERED OFFICE: 8 Northumberland Avenue
London
WC2N 5BY





REGISTERED NUMBER: 09671558 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
Hull
HU1 2LD

Storms Authentic Building Materials Ltd (Registered number: 09671558)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks - 6,588
Debtors 4 4,305 3,541
Cash at bank and in hand 10,744 3,634
15,049 13,763
CREDITORS
Amounts falling due within one year 5 14,574 11,755
NET CURRENT ASSETS 475 2,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

475

2,008

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 375 1,908
SHAREHOLDERS' FUNDS 475 2,008

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

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

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 19 October 2023 and were signed on its behalf by:




K Storms - Director


Storms Authentic Building Materials Ltd (Registered number: 09671558)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Storms Authentic Building Materials 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.

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.

Turnover from the sale of goods is recognised when goods are delivered and the legal title has passed.

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 on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Storms Authentic Building Materials Ltd (Registered number: 09671558)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,305 3,541

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 108 -
Taxation and social security 5,260 50
Other creditors 9,206 11,705
14,574 11,755

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

7. RESERVES
Retained
earnings
£   

At 1 August 2022 1,908
Profit for the year 20,761
Dividends (22,294 )
At 31 July 2023 375

8. RELATED PARTY DISCLOSURES

During the year the company purchased goods totalling £18,307 (2022: £14,845) from Rik Storms, a company in which Karl Storms is also a Director. At the balance sheet date an amount of £NIL (2022:£NIL) was owed by the company to Rik Storms.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is BVBA Kasto, a company incorporated in Belgium..