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Registered Number: 12272696
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 October 2023

for

HUMBER STORAGE SOLUTIONS LTD

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 540    720 
540    720 
Current assets      
Debtors 4 106,587    62,683 
Cash at bank and in hand 128,736    52,166 
235,323    114,849 
Creditors: amount falling due within one year 5 (226,946)   (56,281)
Net current assets 8,377    58,568 
 
Total assets less current liabilities 8,917    59,288 
Provisions for liabilities 6 (135)   (137)
Net assets 8,782    59,151 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 8,780    59,149 
Shareholders' funds 8,782    59,151 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 29 July 2024 and were signed by:


-------------------------------
Paul Sellers
Director
1
General Information
Humber Storage Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12272696, registration address Unit 7/8 Common Lane, North Cave, Brough, East Yorkshire, HU15 2FT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 6 (2022 : 6).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 November 2022 1,500    1,500 
Additions  
Disposals  
At 31 October 2023 1,500    1,500 
Depreciation
At 01 November 2022 780    780 
Charge for year 180    180 
On disposals  
At 31 October 2023 960    960 
Net book values
Closing balance as at 31 October 2023 540    540 
Opening balance as at 01 November 2022 720    720 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 82,317    36,975 
Prepayments & Accrued Income 11,995    21,764 
Other Debtors 2    2 
VAT 12,273    3,942 
106,587    62,683 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 160,814    36,816 
Corporation Tax 4,227    16,142 
PAYE & Social Security 2,653    3,237 
Accrued Expenses 58,667   
Other Creditors 499   
Directors' Current Accounts 86    86 
226,946    56,281 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 137    182 
Charged to Profit & Loss (2)   (45)
135    137 

2