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
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
Storage East Kilbride Ltd.
Statement of financial position
as at 31 July 2022
Tangible assets
1,522,965
1,319,591
Cash at bank and in hand
300
300
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
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
Storage East Kilbride Ltd.
Notes to the Accounts
for the year ended 31 July 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 1 August 2021
-
18,370
18,370
Charge for the year
-
6,121
6,121
At 31 July 2022
-
24,491
24,491
At 31 July 2022
1,105,965
417,000
1,522,965
At 31 July 2021
920,620
398,971
1,319,591
Amounts falling due within one year
Other debtors
176,286
146,138
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
Taxes and social security
-
14,933
Loans from directors
-
22,015
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
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).