Storamove Ltd 05923008 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is self storage Digita Accounts Production Advanced 6.30.9574.0 true 05923008 2022-10-01 2023-09-30 05923008 2023-09-30 05923008 bus:OrdinaryShareClass1 2023-09-30 05923008 core:CurrentFinancialInstruments 2023-09-30 05923008 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 05923008 core:WithinOneYear 2023-09-30 05923008 core:FurnitureFittings 2023-09-30 05923008 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 05923008 core:MotorVehicles 2023-09-30 05923008 core:PlantMachinery 2023-09-30 05923008 bus:SmallEntities 2022-10-01 2023-09-30 05923008 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 05923008 bus:FullAccounts 2022-10-01 2023-09-30 05923008 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 05923008 bus:Director1 2022-10-01 2023-09-30 05923008 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 05923008 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 05923008 core:FurnitureFittings 2022-10-01 2023-09-30 05923008 core:LandBuildings core:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05923008 core:MotorVehicles 2022-10-01 2023-09-30 05923008 core:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 05923008 core:PlantMachinery 2022-10-01 2023-09-30 05923008 countries:EnglandWales 2022-10-01 2023-09-30 05923008 2022-09-30 05923008 core:FurnitureFittings 2022-09-30 05923008 core:LandBuildings core:OwnedOrFreeholdAssets 2022-09-30 05923008 core:MotorVehicles 2022-09-30 05923008 core:PlantMachinery 2022-09-30 05923008 2021-10-01 2022-09-30 05923008 2022-09-30 05923008 bus:OrdinaryShareClass1 2022-09-30 05923008 core:CurrentFinancialInstruments 2022-09-30 05923008 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 05923008 core:WithinOneYear 2022-09-30 05923008 core:FurnitureFittings 2022-09-30 05923008 core:LandBuildings core:OwnedOrFreeholdAssets 2022-09-30 05923008 core:MotorVehicles 2022-09-30 05923008 core:PlantMachinery 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Storamove Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

Registration number: 05923008

 

Storamove Ltd

Contents

Statement of financial position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Storamove Ltd

(Registration number: 05923008)
Statement of financial position as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

48,466

65,328

Current assets

 

Stocks

5

770

1,570

Debtors

6

21,352

35,408

Cash at bank and in hand

 

164,690

91,594

 

186,812

128,572

Creditors: Amounts falling due within one year

7

(80,289)

(45,971)

Net current assets

 

106,523

82,601

Net assets

 

154,989

147,929

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

154,889

147,829

Shareholders' funds

 

154,989

147,929

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Storamove Ltd

(Registration number: 05923008)
Statement of financial position as at 30 September 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

Approved and authorised by the director on 17 November 2023
 

.........................................
Mr F R Palmer
Director

 

Storamove Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

 

Storamove Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Hardstanding

10% on cost

Plant and Machinery

25% on reducing balance

Fixtures and Fittings

25% on reducing balance

Motor Vehicles

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Storamove Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 2).

4

Tangible assets

Hardstanding
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2022

21,250

26,651

73,937

28,495

150,333

At 30 September 2023

21,250

26,651

73,937

28,495

150,333

Depreciation

At 1 October 2022

14,875

7,092

60,960

2,078

85,005

Charge for the year

2,125

4,889

3,244

6,604

16,862

At 30 September 2023

17,000

11,981

64,204

8,682

101,867

Carrying amount

At 30 September 2023

4,250

14,670

9,733

19,813

48,466

At 30 September 2022

6,375

19,559

12,977

26,417

65,328

 

Storamove Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Stocks

2023
£

2022
£

Other inventories

770

1,570

6

Debtors

Current

2023
£

2022
£

Trade debtors

1,146

15,391

Prepayments

20,000

20,000

Other debtors

206

17

 

21,352

35,408

 

Storamove Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

64,092

28,970

Taxation and social security

9,367

12,253

Accruals and deferred income

6,830

4,748

80,289

45,971

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2023
£

2022
£

Within one year

80,000

80,000

80,000

80,000