IRIS Accounts Production v23.3.0.418 04670046 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false Ordinary 10.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046700462022-09-30046700462023-09-30046700462022-10-012023-09-30046700462021-09-30046700462021-10-012022-09-30046700462022-09-3004670046ns10:Originalns15:EnglandWales2022-10-012023-09-3004670046ns14:PoundSterlingns10:Original2022-10-012023-09-3004670046ns10:Originalns10:Director12022-10-012023-09-3004670046ns10:Original2022-10-012023-09-3004670046ns10:Originalns10:Director22022-10-012023-09-3004670046ns10:Original2023-09-3004670046ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3004670046ns10:Originalns10:SmallEntities2022-10-012023-09-3004670046ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3004670046ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3004670046ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3004670046ns10:Originalns10:FullAccounts2022-10-012023-09-3004670046ns10:Originalns10:OrdinaryShareClass12022-10-012023-09-3004670046ns10:Originalns10:RegisteredOffice2022-10-012023-09-3004670046ns10:Original2022-09-3004670046ns10:Originalns5:CurrentFinancialInstruments2023-09-3004670046ns10:Originalns5:CurrentFinancialInstruments2022-09-3004670046ns5:ShareCapitalns10:Original2023-09-3004670046ns5:ShareCapitalns10:Original2022-09-3004670046ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3004670046ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3004670046ns10:Originalns5:LeaseholdImprovements2022-10-012023-09-3004670046ns10:Originalns5:PlantMachinery2022-10-012023-09-3004670046ns10:Original2021-10-012022-09-3004670046ns10:Originalns5:LeaseholdImprovements2022-09-3004670046ns10:Originalns5:PlantMachinery2022-09-3004670046ns10:Original2022-09-3004670046ns10:Originalns5:LeaseholdImprovements2023-09-3004670046ns10:Originalns5:PlantMachinery2023-09-3004670046ns10:Originalns5:LeaseholdImprovements2022-09-3004670046ns10:Originalns5:PlantMachinery2022-09-3004670046ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3004670046ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3004670046ns10:Originalns5:DeferredTaxation2022-09-3004670046ns10:Originalns5:DeferredTaxation2022-10-012023-09-3004670046ns10:Originalns5:DeferredTaxation2023-09-3004670046ns10:Originalns10:OrdinaryShareClass12023-09-3004670046ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3004670046ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-30
REGISTERED NUMBER: 04670046 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

U STORE SOLUTIONS LIMITED

U STORE SOLUTIONS LIMITED (REGISTERED NUMBER: 04670046)






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


U STORE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs E J Berrecloth
Mrs D J Bishop





REGISTERED OFFICE: 3 Century Drive
Braintree
Essex
CM77 8YL





REGISTERED NUMBER: 04670046 (England and Wales)





ACCOUNTANTS: RICHARD IAN & CO
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

U STORE SOLUTIONS LIMITED (REGISTERED NUMBER: 04670046)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 187,574 175,883

CURRENT ASSETS
Debtors 5 21,245 55,028
Cash at bank and in hand 132,601 81,266
153,846 136,294
CREDITORS
Amounts falling due within one year 6 44,322 44,971
NET CURRENT ASSETS 109,524 91,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,098

267,206

PROVISIONS FOR LIABILITIES 7 29,216 25,551
NET ASSETS 267,882 241,655

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 267,880 241,653
SHAREHOLDERS' FUNDS 267,882 241,655

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.

U STORE SOLUTIONS LIMITED (REGISTERED NUMBER: 04670046)

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 3 February 2024 and were signed on its behalf by:




Mrs D J Bishop - Director



Mrs E J Berrecloth - Director


U STORE SOLUTIONS LIMITED (REGISTERED NUMBER: 04670046)

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

1. STATUTORY INFORMATION

U Store Solutions 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.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements are the first produced in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 October 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

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.
Improvements to property - 4% on cost
Plant and machinery - at varying rates on cost

U STORE SOLUTIONS LIMITED (REGISTERED NUMBER: 04670046)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.


U STORE SOLUTIONS LIMITED (REGISTERED NUMBER: 04670046)

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 October 2022 143,054 486,685 629,739
Additions - 40,930 40,930
At 30 September 2023 143,054 527,615 670,669
DEPRECIATION
At 1 October 2022 101,991 351,865 453,856
Charge for year 7,260 21,979 29,239
At 30 September 2023 109,251 373,844 483,095
NET BOOK VALUE
At 30 September 2023 33,803 153,771 187,574
At 30 September 2022 41,063 134,820 175,883

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,564 3,064
Other debtors 17,681 51,964
21,245 55,028

U STORE SOLUTIONS LIMITED (REGISTERED NUMBER: 04670046)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 966 1,810
Taxation and social security 15,384 29,695
Other creditors 27,972 13,466
44,322 44,971

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 29,216 25,551

Deferred
tax
£   
Balance at 1 October 2022 25,551
Provided during year 3,665
Balance at 30 September 2023 29,216

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary 10p 2 2

9. RESERVES
Retained
earnings
£   

At 1 October 2022 241,653
Profit for the year 26,227
At 30 September 2023 267,880

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs D J Bishop.