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Company Registration No. SC427882 (Scotland)
Storage East Kilbride Ltd. Unaudited accounts for the year ended 31 July 2022
Storage East Kilbride Ltd. Unaudited accounts Contents
Page
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Storage East Kilbride Ltd. Company Information for the year ended 31 July 2022
Directors
Gary Smith Scott Smith Meghan Hoad
Company Number
SC427882 (Scotland)
Registered Office
40 Glenburn Road College Milton East Kilbride Glasgow G74 5BA SCOTLAND
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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Storage East Kilbride Ltd. Statement of financial position as at 31 July 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,522,965 
1,319,591 
Current assets
Debtors
181,075 
150,110 
Cash at bank and in hand
300 
300 
181,375 
150,410 
Creditors: amounts falling due within one year
(126,639)
(99,674)
Net current assets
54,736 
50,736 
Total assets less current liabilities
1,577,701 
1,370,327 
Creditors: amounts falling due after more than one year
(630,290)
(509,095)
Net assets
947,411 
861,232 
Capital and reserves
Called up share capital
1 
1 
Capital contribution reserve
287,225 
287,225 
Profit and loss account
660,185 
574,006 
Shareholders' funds
947,411 
861,232 
For the year ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2023 and were signed on its behalf by
Gary Smith Director Company Registration No. SC427882
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Storage East Kilbride Ltd. Notes to the Accounts for the year ended 31 July 2022
1
Statutory information
Storage East Kilbride Ltd. is a private company, limited by shares, registered in Scotland, registration number SC427882. The registered office is 40 Glenburn Road, College Milton, East Kilbride, Glasgow, G74 5BA, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2021
920,620 
417,341 
1,337,961 
Additions
185,345 
24,150 
209,495 
At 31 July 2022
1,105,965 
441,491 
1,547,456 
Depreciation
At 1 August 2021
- 
18,370 
18,370 
Charge for the year
- 
6,121 
6,121 
At 31 July 2022
- 
24,491 
24,491 
Net book value
At 31 July 2022
1,105,965 
417,000 
1,522,965 
At 31 July 2021
920,620 
398,971 
1,319,591 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,789 
3,972 
Other debtors
176,286 
146,138 
181,075 
150,110 
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Storage East Kilbride Ltd. Notes to the Accounts for the year ended 31 July 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
- 
3,632 
VAT
126,639 
7,268 
Trade creditors
- 
46,326 
Taxes and social security
- 
14,933 
Other creditors
- 
5,500 
Loans from directors
- 
22,015 
126,639 
99,674 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
630,290 
483,425 
Obligations under finance leases and hire purchase contracts
- 
25,670 
630,290 
509,095 
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).
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