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REGISTERED NUMBER: 10785417 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

E-STORAGE WORLDWIDE LTD

E-STORAGE WORLDWIDE LTD (REGISTERED NUMBER: 10785417)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E-STORAGE WORLDWIDE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: N P Dawson
M A V De Candole
J V Pancholi
T J Slesinger





REGISTERED OFFICE: Unit 23
Uxbridge Trade Park
Cowley Mill Road
Uxbridge
UB8 2DB





REGISTERED NUMBER: 10785417 (England and Wales)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

E-STORAGE WORLDWIDE LTD (REGISTERED NUMBER: 10785417)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 192,752 83,637
Tangible assets 5 497,498 613,518
690,250 697,155

CURRENT ASSETS
Stocks 11,344 5,171
Debtors 6 1,416,606 1,289,071
Cash at bank 531,290 1,102,388
1,959,240 2,396,630
CREDITORS
Amounts falling due within one year 7 1,178,513 749,949
NET CURRENT ASSETS 780,727 1,646,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,470,977

2,343,836

CREDITORS
Amounts falling due after more than one
year

8

74,843

92,966
NET ASSETS 1,396,134 2,250,870

CAPITAL AND RESERVES
Called up share capital 1,712 1,712
Share premium 4,354,567 4,354,567
Retained earnings (2,960,145 ) (2,105,409 )
SHAREHOLDERS' FUNDS 1,396,134 2,250,870

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

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

E-STORAGE WORLDWIDE LTD (REGISTERED NUMBER: 10785417)

BALANCE SHEET - continued
30 SEPTEMBER 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 21 February 2024 and were signed on its behalf by:





T J Slesinger - Director


E-STORAGE WORLDWIDE LTD (REGISTERED NUMBER: 10785417)

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

1. STATUTORY INFORMATION

E-Storage Worldwide Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Research and development are being amortised evenly over their estimated useful life of three years.

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 etc - 25% on reducing balance and 20% on reducing balance

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.


E-STORAGE WORLDWIDE LTD (REGISTERED NUMBER: 10785417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022 248,926
Additions 191,732
At 30 September 2023 440,658
AMORTISATION
At 1 October 2022 165,289
Charge for year 82,617
At 30 September 2023 247,906
NET BOOK VALUE
At 30 September 2023 192,752
At 30 September 2022 83,637

E-STORAGE WORLDWIDE LTD (REGISTERED NUMBER: 10785417)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 885,439
Additions 64,948
Disposals (37,298 )
At 30 September 2023 913,089
DEPRECIATION
At 1 October 2022 271,921
Charge for year 152,605
Eliminated on disposal (8,935 )
At 30 September 2023 415,591
NET BOOK VALUE
At 30 September 2023 497,498
At 30 September 2022 613,518

The net book value of tangible fixed assets includes £ 134,436 (2022 - £ 169,752 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 470,021 564,062
Other debtors 946,585 725,009
1,416,606 1,289,071

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 29,164 39,722
Trade creditors 338,329 169,591
Taxation and social security 120,504 110,122
Other creditors 680,516 420,514
1,178,513 749,949

E-STORAGE WORLDWIDE LTD (REGISTERED NUMBER: 10785417)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,667 26,667
Hire purchase contracts 58,176 66,299
74,843 92,966

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 87,340 106,021