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REGISTERED NUMBER: 08322213 (England and Wales)









Financial Statements

for the Year Ended 31 December 2022

for

Balmoral Storage Company Limited

Balmoral Storage Company Limited (Registered number: 08322213)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Balmoral Storage Company Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: M Clifford
N Wright





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 08322213 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Balmoral Storage Company Limited (Registered number: 08322213)

Statement of Financial Position
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 12,878 13,486

CURRENT ASSETS
Debtors 5 39,690 37,068
Cash at bank and in hand 108,307 105,280
147,997 142,348
CREDITORS
Amounts falling due within one year 6 87,247 89,633
NET CURRENT ASSETS 60,750 52,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,628

66,201

PROVISIONS FOR LIABILITIES 2,447 2,562
NET ASSETS 71,181 63,639

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 71,180 63,638
SHAREHOLDERS' FUNDS 71,181 63,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 29 September 2023 and were signed on its behalf by:





N Wright - Director


Balmoral Storage Company Limited (Registered number: 08322213)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Balmoral Storage Company 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.

Turnover
Revenue 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.
Fixtures, fittings & equipment - 20% Straight line

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Balmoral Storage Company Limited (Registered number: 08322213)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures,
fittings
& equipment
£   
COST
At 1 January 2022 43,684
Additions 4,082
At 31 December 2022 47,766
DEPRECIATION
At 1 January 2022 30,198
Charge for year 4,690
At 31 December 2022 34,888
NET BOOK VALUE
At 31 December 2022 12,878
At 31 December 2021 13,486

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 23,672 28,164
Other debtors 5,500 2,500
Prepayments 10,518 6,404
39,690 37,068

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 9,958 19,061
Tax 1,597 -
VAT 4,492 1,140
Other creditors 16,575 23,652
Accruals and deferred income 54,625 45,780
87,247 89,633