1
01/11/2022
31/10/2023
2023-10-31
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activities is disclosed
2022-11-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
SC712290
2022-11-01
2023-10-31
SC712290
2023-10-31
SC712290
2022-10-31
SC712290
2021-11-01
2022-10-31
SC712290
2022-10-31
SC712290
2021-10-31
SC712290
core:PlantMachinery
2022-11-01
2023-10-31
SC712290
core:FurnitureFittingsToolsEquipment
2022-11-01
2023-10-31
SC712290
bus:OrdinaryShareClass1
2022-11-01
2023-10-31
SC712290
bus:OrdinaryShareClass2
2022-11-01
2023-10-31
SC712290
bus:LeadAgentIfApplicable
2022-11-01
2023-10-31
SC712290
bus:Director1
2022-11-01
2023-10-31
SC712290
bus:Director2
2022-11-01
2023-10-31
SC712290
bus:RegisteredOffice
2022-11-01
2023-10-31
SC712290
core:FurnitureFittingsToolsEquipment
2022-10-31
SC712290
core:PlantMachinery
2023-10-31
SC712290
core:FurnitureFittingsToolsEquipment
2023-10-31
SC712290
core:ShareCapital
2021-11-01
2022-10-31
SC712290
core:RetainedEarningsAccumulatedLosses
2021-11-01
2022-10-31
SC712290
core:ShareCapital
2022-11-01
2023-10-31
SC712290
core:SharePremium
2022-11-01
2023-10-31
SC712290
core:RetainedEarningsAccumulatedLosses
2022-11-01
2023-10-31
SC712290
core:WithinOneYear
2023-10-31
SC712290
core:WithinOneYear
2022-10-31
SC712290
core:ShareCapital
2023-10-31
SC712290
core:ShareCapital
2022-10-31
SC712290
core:SharePremium
2023-10-31
SC712290
core:RetainedEarningsAccumulatedLosses
2023-10-31
SC712290
core:RetainedEarningsAccumulatedLosses
2022-10-31
SC712290
core:PreviouslyStatedAmount
core:ShareCapital
2023-10-31
SC712290
bus:OrdinaryShareClass1
core:ShareCapital
2023-10-31
SC712290
bus:OrdinaryShareClass1
core:ShareCapital
2022-10-31
SC712290
bus:OrdinaryShareClass2
core:ShareCapital
2023-10-31
SC712290
bus:OrdinaryShareClass1
2022-10-31
SC712290
bus:OrdinaryShareClass1
2023-10-31
SC712290
bus:OrdinaryShareClass2
2023-10-31
SC712290
core:FurnitureFittingsToolsEquipment
2022-10-31
SC712290
bus:SmallEntities
2022-11-01
2023-10-31
SC712290
bus:AuditExemptWithAccountantsReport
2022-11-01
2023-10-31
SC712290
bus:SmallCompaniesRegimeForAccounts
2022-11-01
2023-10-31
SC712290
bus:PrivateLimitedCompanyLtd
2022-11-01
2023-10-31
SC712290
bus:FullAccounts
2022-11-01
2023-10-31
SC712290
1
2022-11-01
2023-10-31
Company registration number:
SC712290
Edinburgh Self Store Limited
Unaudited filleted financial statements
31 October 2023
Edinburgh Self Store Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Edinburgh Self Store Limited
Directors and other information
|
|
|
|
Directors |
Neil Adam Sinclair |
|
|
Peter Alexander Whitelaw |
|
|
|
|
|
|
|
Company number |
SC712290 |
|
|
Stirling |
|
|
FK8 1SH |
|
|
|
|
|
|
|
Accountants |
Dickson Middleton |
|
|
20 Barnton Street |
|
|
Stirling |
|
|
FK8 1NE |
|
|
|
Edinburgh Self Store Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Edinburgh Self Store Limited
Year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Edinburgh Self Store Limited for the year ended 31 October 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Edinburgh Self Store Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Edinburgh Self Store Limited and state those matters that we have agreed to state to the board of directors of Edinburgh Self Store Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edinburgh Self Store Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Edinburgh Self Store Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Edinburgh Self Store Limited. You consider that Edinburgh Self Store Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Edinburgh Self Store Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Dickson Middleton
Chartered Accountants
20 Barnton Street
Stirling
FK8 1NE
19 July 2024
Edinburgh Self Store Limited
Statement of financial position
31 October 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
77,397 |
|
|
|
9,939 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
77,397 |
|
|
|
9,939 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
6 |
317,947 |
|
|
|
314,882 |
|
|
Cash at bank and in hand |
|
|
138,050 |
|
|
|
90,421 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
455,997 |
|
|
|
405,303 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
46,302) |
|
|
|
(
374,214) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
409,695 |
|
|
|
31,089 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
487,092 |
|
|
|
41,028 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
487,092 |
|
|
|
41,028 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
8 |
|
|
100 |
|
|
|
1 |
Share premium account |
|
|
|
|
357,980 |
|
|
|
- |
Profit and loss account |
|
|
|
|
129,012 |
|
|
|
41,027 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
487,092 |
|
|
|
41,028 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 July 2024
, and are signed on behalf of the board by:
Neil Adam Sinclair
Director
Company registration number:
SC712290
Edinburgh Self Store Limited
Statement of changes in equity
Year ended 31 October 2023
|
|
Called up share capital |
Share premium account |
|
Profit and loss account |
Total |
|
|
|
|
|
|
£ |
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 15 October 2021 |
|
- |
- |
|
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
41,027 |
41,027 |
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
_______ |
|
|
|
|
Total comprehensive income for the year |
|
- |
- |
|
41,027 |
41,027 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue of shares |
|
1 |
- |
|
|
1 |
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
_______ |
|
|
|
|
Total investments by and distributions to owners |
|
1 |
- |
|
- |
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
_______ |
|
|
|
|
At 31 October 2022 and 1 November 2022 |
|
1 |
- |
|
41,027 |
41,028 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
125,485 |
125,485 |
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
_______ |
|
|
|
|
Total comprehensive income for the year |
|
- |
- |
|
125,485 |
125,485 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue of shares |
|
99 |
357,980 |
|
|
358,079 |
|
|
|
|
Dividends paid and payable |
|
|
|
|
(
37,500) |
(
37,500) |
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
_______ |
|
|
|
|
Total investments by and distributions to owners |
|
99 |
357,980 |
|
(
37,500) |
320,579 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
_______ |
|
|
|
|
At 31 October 2023 |
|
100 |
357,980 |
|
129,012 |
487,092 |
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Edinburgh Self Store Limited
Notes to the financial statements
Year ended 31 October 2023
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 19/20 Back o Hill Road Industrial Estate, Stirling, FK8 1SH.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of any part of the United Kingdom.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for storage services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
15 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
15 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022: Nil).
5.
Tangible assets
|
|
Plant and machinery |
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 November 2022 |
- |
9,939 |
9,939 |
|
|
|
|
|
Additions |
75,371 |
5,561 |
80,932 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 October 2023 |
75,371 |
15,500 |
90,871 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 November 2022 |
- |
- |
- |
|
|
|
|
|
Charge for the year |
11,306 |
2,168 |
13,474 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 October 2023 |
11,306 |
2,168 |
13,474 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 October 2023 |
64,065 |
13,332 |
77,397 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 October 2022 |
- |
9,939 |
9,939 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
317,947 |
314,882 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Corporation tax |
|
14,861 |
6,593 |
|
Social security and other taxes |
|
4,041 |
- |
|
Other creditors |
|
27,400 |
367,621 |
|
|
|
_______ |
_______ |
|
|
|
46,302 |
374,214 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary A shares of £
1.00 each |
|
80 |
|
80 |
|
1 |
|
1 |
|
Ordinary B shares of £
1.00 each |
|
20 |
|
20 |
|
- |
|
- |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
100 |
|
100 |
|
1 |
|
1 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
Share movements
|
|
|
No |
£ |
|
Ordinary A : |
|
|
|
|
At 1 November 2022 |
|
1 |
1 |
|
Issue of shares |
|
79 |
1 |
|
|
|
_______ |
_______ |
|
At 31 October 2023 |
|
80 |
80 |
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
No |
£ |
|
Ordinary B : |
|
|
|
|
At 1 November 2022 |
|
- |
- |
|
Issue of shares |
|
20 |
1 |
|
|
|
_______ |
_______ |
|
At 31 October 2023 |
|
20 |
20 |
|
|
|
_______ |
_______ |
|
|
|
|
|
On 3 December 2022 79 Ordinary A shares of £1 each par value were allotted and issued for cash consideration.On 3 December 2022 20 Ordinary B shares of £1 each par value were allotted and issued for cash consideration.