Registered number
06199771
Western Self Storage Limited
Filleted Accounts
30 April 2023
Western Self Storage Limited
Company Information
Director
A L Adam
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Western House
Phoenix Trading Estate
London Road
Thrupp
Stroud
Glos
Registered number
06199771
Western Self Storage Limited
Registered number: 06199771
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Investments 4 100 72,000
Current assets
Debtors 5 5,000 -
Cash at bank and in hand 6,924 5,734
11,924 5,734
Creditors: amounts falling due within one year 6 (9,933) (21,142)
Net current assets/(liabilities) 1,991 (15,408)
Net assets 2,091 56,592
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,991 56,492
Shareholders' funds 2,091 56,592
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A L Adam
Director
Approved by the board on 31 October 2023
Western Self Storage Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Office equipment 25% straight line
Motor vehicles 25% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery Office equipment Motor vehicles Total
£ £ £ £
Cost
At 1 May 2022 29,008 2,594 865 32,467
At 30 April 2023 29,008 2,594 865 32,467
Depreciation
At 1 May 2022 29,008 2,594 865 32,467
At 30 April 2023 29,008 2,594 865 32,467
Net book value
At 30 April 2023 - - - -
4 Investments
Other
investments
£
Cost
At 1 May 2022 72,000
Disposals (71,900)
At 30 April 2023 100
5 Debtors 2023 2022
£ £
Directors loan 5,000 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 8,683 19,892
Other creditors 1,250 1,250
9,933 21,142
7 Related party transactions
The company occupies premises owned by the director and paid him rent of £12,000 during the year.
8 Controlling party
The company is controlled by the director.
9 Other information
Western Self Storage Limited is a private company limited by shares and incorporated in England. Its registered office is:
Western House
Phoenix Trading Estate
London Road
Thrupp
Stroud
Glos
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