IRIS Accounts Production v23.4.0.336 02530014 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025300142022-08-31025300142023-08-31025300142022-09-012023-08-31025300142021-08-31025300142021-09-012022-08-31025300142022-08-3102530014ns15:EnglandWales2022-09-012023-08-3102530014ns14:PoundSterling2022-09-012023-08-3102530014ns10:Director12022-09-012023-08-3102530014ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3102530014ns10:SmallEntities2022-09-012023-08-3102530014ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3102530014ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3102530014ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3102530014ns10:FullAccounts2022-09-012023-08-3102530014ns10:Director32022-09-012023-08-3102530014ns10:Director42022-09-012023-08-3102530014ns10:RegisteredOffice2022-09-012023-08-3102530014ns5:CurrentFinancialInstruments2023-08-3102530014ns5:CurrentFinancialInstruments2022-08-3102530014ns5:Non-currentFinancialInstruments2023-08-3102530014ns5:Non-currentFinancialInstruments2022-08-3102530014ns5:ShareCapital2023-08-3102530014ns5:ShareCapital2022-08-3102530014ns5:RetainedEarningsAccumulatedLosses2023-08-3102530014ns5:RetainedEarningsAccumulatedLosses2022-08-3102530014ns5:FurnitureFittings2022-09-012023-08-3102530014ns5:LandBuildings2022-08-3102530014ns5:FurnitureFittings2022-08-3102530014ns5:LandBuildings2022-09-012023-08-3102530014ns5:LandBuildings2023-08-3102530014ns5:FurnitureFittings2023-08-3102530014ns5:LandBuildings2022-08-3102530014ns5:FurnitureFittings2022-08-3102530014ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3102530014ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3102530014ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-08-3102530014ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-08-3102530014ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3102530014ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-08-3102530014ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3102530014ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-08-3102530014ns5:WithinOneYear2023-08-3102530014ns5:WithinOneYear2022-08-3102530014ns5:BetweenOneFiveYears2023-08-3102530014ns5:BetweenOneFiveYears2022-08-3102530014ns5:AllPeriods2023-08-3102530014ns5:AllPeriods2022-08-3102530014ns5:DeferredTaxation2022-08-3102530014ns5:DeferredTaxation2022-09-012023-08-3102530014ns5:DeferredTaxation2023-08-31
REGISTERED NUMBER: 02530014 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

STORE MAINTENANCE LIMITED

STORE MAINTENANCE LIMITED (REGISTERED NUMBER: 02530014)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STORE MAINTENANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr L H Vallin
Mr G Van Blerk
Mr L Vallin





REGISTERED OFFICE: Unit 16 The Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ





REGISTERED NUMBER: 02530014 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

STORE MAINTENANCE LIMITED (REGISTERED NUMBER: 02530014)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 285,689 276,142

CURRENT ASSETS
Debtors 6 1,062,166 612,801
Cash at bank and in hand 860,057 691,323
1,922,223 1,304,124
CREDITORS
Amounts falling due within one year 7 1,358,617 886,037
NET CURRENT ASSETS 563,606 418,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

849,295

694,229

CREDITORS
Amounts falling due after more than one
year

8

(67,305

)

(146,521

)

PROVISIONS FOR LIABILITIES 11 (15,427 ) (12,676 )
NET ASSETS 766,563 535,032

CAPITAL AND RESERVES
Called up share capital 32,000 32,000
Retained earnings 734,563 503,032
766,563 535,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

STORE MAINTENANCE LIMITED (REGISTERED NUMBER: 02530014)

BALANCE SHEET - continued
31 AUGUST 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 11 March 2024 and were signed on its behalf by:





Mr L H Vallin - Director


STORE MAINTENANCE LIMITED (REGISTERED NUMBER: 02530014)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Store Maintenance 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of goods and services in the ordinary course of the company's activities. Turnover is shown net of value added tax, 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on reducing balance

FRS 102 permits the exclusion of depreciation on properties where the annual charge and accumulated depreciation charge are immaterial. Depreciation may be immaterial as a result of very long estimated useful economic lives or high residual values (or both). The director is of the opinion that this applies to the property owned by the company and accordingly has not depreciated the assets.

Financial instruments
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Basic financial instruments are initially recognised at transaction price and then subsequently at amortised cost with the exception of equity investments that are initially measured at fair value (being the transaction price excluding any transaction costs) with subsequent measurements at fair value, with changes recognised in profit and loss.

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.


STORE MAINTENANCE LIMITED (REGISTERED NUMBER: 02530014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. ACCOUNTING POLICIES - continued
Deferred taxation
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 16 ) .

5. TANGIBLE FIXED ASSETS
Freehold Office
property equipment Totals
£    £    £   
COST
At 1 September 2022 223,979 274,608 498,587
Additions - 21,267 21,267
At 31 August 2023 223,979 295,875 519,854
DEPRECIATION
At 1 September 2022 - 222,445 222,445
Charge for year - 11,720 11,720
At 31 August 2023 - 234,165 234,165
NET BOOK VALUE
At 31 August 2023 223,979 61,710 285,689
At 31 August 2022 223,979 52,163 276,142

STORE MAINTENANCE LIMITED (REGISTERED NUMBER: 02530014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,022,291 594,992
Other debtors 39,875 17,809
1,062,166 612,801

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 10,454 34,952
Trade creditors 786,898 446,650
Corporation tax 118,418 53,756
Social security and other taxes 302,933 149,952
Other creditors 139,324 200,449
Directors' current accounts 590 278
1,358,617 886,037

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 10,804 35,374
Bank loans - 2-5 years 35,110 77,500
Bank loans more 5 yr by instal 21,391 33,647
67,305 146,521

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 21,391 33,647

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 14,197 6,471
Between one and five years 18,479 10,784
32,676 17,255

STORE MAINTENANCE LIMITED (REGISTERED NUMBER: 02530014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 77,759 87,722

A bank loan is secured by a fixed charge over the company's freehold property.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 15,427 12,676

Deferred
tax
£   
Balance at 1 September 2022 12,676
Charge to Income Statement during year 2,751
Balance at 31 August 2023 15,427

The provision for deferred taxation is made up of accelerated capital allowances.

12. PENSION COMMITMENTS

The company operates a defined contribution pension scheme, for the employees and directors. The assets of the scheme are held separately from those of the company in independently administered funds. At the balance sheet date there were £2,874 of unpaid contributions (2022: £1,902).