Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Carey Manning 22/07/2020 Sarah Manning 22/07/2020 08 April 2024 The principle activity of the company continued to be that of the sales and hire of containers. 12760174 2023-12-31 12760174 bus:Director1 2023-12-31 12760174 bus:Director2 2023-12-31 12760174 2022-12-31 12760174 core:CurrentFinancialInstruments 2023-12-31 12760174 core:CurrentFinancialInstruments 2022-12-31 12760174 core:Non-currentFinancialInstruments 2023-12-31 12760174 core:Non-currentFinancialInstruments 2022-12-31 12760174 core:ShareCapital 2023-12-31 12760174 core:ShareCapital 2022-12-31 12760174 core:RetainedEarningsAccumulatedLosses 2023-12-31 12760174 core:RetainedEarningsAccumulatedLosses 2022-12-31 12760174 core:PlantMachinery 2022-12-31 12760174 core:FurnitureFittings 2022-12-31 12760174 core:OfficeEquipment 2022-12-31 12760174 core:PlantMachinery 2023-12-31 12760174 core:FurnitureFittings 2023-12-31 12760174 core:OfficeEquipment 2023-12-31 12760174 2023-01-01 2023-12-31 12760174 bus:FilletedAccounts 2023-01-01 2023-12-31 12760174 bus:SmallEntities 2023-01-01 2023-12-31 12760174 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12760174 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12760174 bus:Director1 2023-01-01 2023-12-31 12760174 bus:Director2 2023-01-01 2023-12-31 12760174 core:PlantMachinery core:TopRangeValue 2023-01-01 2023-12-31 12760174 core:FurnitureFittings 2023-01-01 2023-12-31 12760174 core:OfficeEquipment 2023-01-01 2023-12-31 12760174 2022-01-01 2022-12-31 12760174 core:PlantMachinery 2023-01-01 2023-12-31 12760174 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 12760174 (England and Wales)

SECURE STORES NATIONWIDE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

SECURE STORES NATIONWIDE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

SECURE STORES NATIONWIDE LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
SECURE STORES NATIONWIDE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Carey Manning
Sarah Manning
REGISTERED OFFICE Warren House
The Green
Stowupland
IP14 4AD
United Kingdom
COMPANY NUMBER 12760174 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
SECURE STORES NATIONWIDE LIMITED

BALANCE SHEET

As at 31 December 2023
SECURE STORES NATIONWIDE LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 788,476 943,130
788,476 943,130
Current assets
Stocks 4 689,117 616,010
Debtors 5 80,427 108,661
Cash at bank and in hand 227,412 71,269
996,956 795,940
Creditors: amounts falling due within one year 6 ( 727,894) ( 741,191)
Net current assets 269,062 54,749
Total assets less current liabilities 1,057,538 997,879
Creditors: amounts falling due after more than one year 7 ( 441,218) ( 563,011)
Provision for liabilities ( 115,790) ( 178,994)
Net assets 500,530 255,874
Capital and reserves
Called-up share capital 100 100
Profit and loss account 500,430 255,774
Total shareholder's funds 500,530 255,874

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Secure Stores Nationwide Limited (registered number: 12760174) were approved and authorised for issue by the Board of Directors on 08 April 2024. They were signed on its behalf by:

Sarah Manning
Director
SECURE STORES NATIONWIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
SECURE STORES NATIONWIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Secure Stores Nationwide Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Warren House, The Green, Stowupland, IP14 4AD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 3 years straight line
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 2

3. Tangible assets

Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 January 2023 977,533 223 1,648 979,404
Additions 179,056 207 1,556 180,819
Disposals ( 323,844) 0 0 ( 323,844)
At 31 December 2023 832,745 430 3,204 836,379
Accumulated depreciation
At 01 January 2023 35,455 98 721 36,274
Charge for the financial year 33,268 49 359 33,676
Disposals ( 22,047) 0 0 ( 22,047)
At 31 December 2023 46,676 147 1,080 47,903
Net book value
At 31 December 2023 786,069 283 2,124 788,476
At 31 December 2022 942,078 125 927 943,130

4. Stocks

2023 2022
£ £
Stocks 689,117 616,010

5. Debtors

2023 2022
£ £
Trade debtors 79,793 50,317
Other debtors 634 58,344
80,427 108,661

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 14,410 72,945
Trade creditors 321,378 334,119
Taxation and social security 119,188 53,576
Other creditors 272,918 280,551
727,894 741,191

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 107,437 225,135
Other creditors 333,781 337,876
441,218 563,011

There are no amounts included above in respect of which any security has been given by the small entity.