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REGISTERED NUMBER: 06934087 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

STORAGE IN LOUGHBOROUGH LIMITED

STORAGE IN LOUGHBOROUGH LIMITED (REGISTERED NUMBER: 06934087)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STORAGE IN LOUGHBOROUGH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: N G Hillyard
C J Cassell
F A Sage





REGISTERED OFFICE: 31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 06934087 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

STORAGE IN LOUGHBOROUGH LIMITED (REGISTERED NUMBER: 06934087)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,424 84,265

CURRENT ASSETS
Stocks 300 500
Debtors 5 16,985 15,090
Cash at bank and in hand 99,098 150,061
116,383 165,651
CREDITORS
Amounts falling due within one year 6 35,689 50,577
NET CURRENT ASSETS 80,694 115,074
TOTAL ASSETS LESS CURRENT LIABILITIES 184,118 199,339

PROVISIONS FOR LIABILITIES 24,551 14,909
NET ASSETS 159,567 184,430

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 159,565 184,428
SHAREHOLDERS' FUNDS 159,567 184,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 29 January 2024 and were signed on its behalf by:



N G Hillyard - Director


STORAGE IN LOUGHBOROUGH LIMITED (REGISTERED NUMBER: 06934087)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Storage In Loughborough 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

STORAGE IN LOUGHBOROUGH LIMITED (REGISTERED NUMBER: 06934087)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 15,652 169,705 23,643 4,540 213,540
Additions - - 36,992 799 37,791
At 30 June 2023 15,652 169,705 60,635 5,339 251,331
DEPRECIATION
At 1 July 2022 13,352 91,523 22,016 2,384 129,275
Charge for year 460 7,818 9,655 699 18,632
At 30 June 2023 13,812 99,341 31,671 3,083 147,907
NET BOOK VALUE
At 30 June 2023 1,840 70,364 28,964 2,256 103,424
At 30 June 2022 2,300 78,182 1,627 2,156 84,265

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,574 12,152
Other debtors 2,411 2,938
16,985 15,090

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,429 1,630
Taxation and social security 14,435 32,817
Other creditors 18,825 16,130
35,689 50,577

7. RELATED PARTY DISCLOSURES

Included in other creditors is a loan from the directors of £243 (2022 £2,833).
This loan is interest free and repayable on demand.