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REGISTERED NUMBER: 12751104 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2023

for

COPPULL SELF STORAGE LIMITED

COPPULL SELF STORAGE LIMITED (REGISTERED NUMBER: 12751104)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COPPULL SELF STORAGE LIMITED

Company Information
for the Year Ended 31st July 2023







DIRECTORS: Mr M Gallery
Mr M P Gallery
Mrs V L Swann
Mr G L W Swann





REGISTERED OFFICE: Regent Street
Coppull
Chorley
Lancashire
PR7 5AX





REGISTERED NUMBER: 12751104 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

COPPULL SELF STORAGE LIMITED (REGISTERED NUMBER: 12751104)

Balance Sheet
31st July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,097 52,018

CURRENT ASSETS
Debtors 5 3,638 3,046
Cash at bank 57,071 46,574
60,709 49,620
CREDITORS
Amounts falling due within one year 6 42,914 21,212
NET CURRENT ASSETS 17,795 28,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,892

80,426

CREDITORS
Amounts falling due after more than one
year

7

(10,179

)

-

PROVISIONS FOR LIABILITIES (17,898 ) (9,883 )
NET ASSETS 83,815 70,543

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 83,715 70,443
SHAREHOLDERS' FUNDS 83,815 70,543

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

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

COPPULL SELF STORAGE LIMITED (REGISTERED NUMBER: 12751104)

Balance Sheet - continued
31st July 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 5th October 2023 and were signed on its behalf by:




Mr G L W Swann - Director



Mrs V L Swann - Director


COPPULL SELF STORAGE LIMITED (REGISTERED NUMBER: 12751104)

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

1. STATUTORY INFORMATION

Coppull Self Storage 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for services rendered, stated net of discounts and of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on cost

Impairment of Assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


COPPULL SELF STORAGE LIMITED (REGISTERED NUMBER: 12751104)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2022 55,862 2,702 - 5,951 64,515
Additions 36,950 - 28,787 1,167 66,904
At 31st July 2023 92,812 2,702 28,787 7,118 131,419
DEPRECIATION
At 1st August 2022 9,325 995 - 2,177 12,497
Charge for year 14,976 427 7,197 2,225 24,825
At 31st July 2023 24,301 1,422 7,197 4,402 37,322
NET BOOK VALUE
At 31st July 2023 68,511 1,280 21,590 2,716 94,097
At 31st July 2022 46,537 1,707 - 3,774 52,018

COPPULL SELF STORAGE LIMITED (REGISTERED NUMBER: 12751104)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 28,787
At 31st July 2023 28,787
DEPRECIATION
Charge for year 7,197
At 31st July 2023 7,197
NET BOOK VALUE
At 31st July 2023 21,590

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 2,568 2,326
Prepayments and accrued income 1,070 720
3,638 3,046

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 4,886 -
Tax - 2,591
VAT 1,655 3,690
Other creditors 5,950 6,000
Directors' current accounts 28,948 7,656
Accrued expenses 1,475 1,275
42,914 21,212

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 10,179 -

COPPULL SELF STORAGE LIMITED (REGISTERED NUMBER: 12751104)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 15,065 -

The hire purchase agreements are secured on the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

At the 31 July 2023 the company owed to its directors £28,948 (2022: £7,656.). No interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan.

11. ULTIMATE CONTROLLING PARTY

Throughout the period, Mr & Mrs G Swann, directors, have controlled the company by virtue of their 80% shareholding of the issued share capital.