Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31No description of principal activityfalse2022-09-0145truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03608852 2022-09-01 2023-08-31 03608852 2021-09-01 2022-08-31 03608852 2023-08-31 03608852 2022-08-31 03608852 c:Director2 2022-09-01 2023-08-31 03608852 d:Buildings d:ShortLeaseholdAssets 2022-09-01 2023-08-31 03608852 d:Buildings d:ShortLeaseholdAssets 2023-08-31 03608852 d:Buildings d:ShortLeaseholdAssets 2022-08-31 03608852 d:PlantMachinery 2022-09-01 2023-08-31 03608852 d:PlantMachinery 2023-08-31 03608852 d:PlantMachinery 2022-08-31 03608852 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03608852 d:OfficeEquipment 2022-09-01 2023-08-31 03608852 d:OfficeEquipment 2023-08-31 03608852 d:OfficeEquipment 2022-08-31 03608852 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03608852 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03608852 d:CurrentFinancialInstruments 2023-08-31 03608852 d:CurrentFinancialInstruments 2022-08-31 03608852 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 03608852 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 03608852 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 03608852 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 03608852 d:ShareCapital 2023-08-31 03608852 d:ShareCapital 2022-08-31 03608852 d:OtherMiscellaneousReserve 2023-08-31 03608852 d:OtherMiscellaneousReserve 2022-08-31 03608852 d:RetainedEarningsAccumulatedLosses 2023-08-31 03608852 d:RetainedEarningsAccumulatedLosses 2022-08-31 03608852 c:FRS102 2022-09-01 2023-08-31 03608852 c:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 03608852 c:FullAccounts 2022-09-01 2023-08-31 03608852 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 03608852 2 2022-09-01 2023-08-31 03608852 4 2022-09-01 2023-08-31 03608852 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 03608852









1ST FOR STORAGE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
1ST FOR STORAGE LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 1ST FOR STORAGE LIMITED
FOR THE YEAR ENDED 31 AUGUST 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 1ST FOR STORAGE LIMITED for the year ended 31 August 2023 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of 1ST FOR STORAGE LIMITED in accordance with the terms of our engagement letter dated 25 May 2017Our work has been undertaken solely to prepare for your approval the financial statements of 1ST FOR STORAGE LIMITED and state those matters that we have agreed to state to the director of 1ST FOR STORAGE LIMITED in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1ST FOR STORAGE LIMITED and its director for our work or for this report. 

It is your duty to ensure that 1ST FOR STORAGE 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 loss of 1ST FOR STORAGE LIMITED. You consider that 1ST FOR STORAGE LIMITED is exempt from the statutory audit requirement for the year.

  



Ashon Chartered Accountants
125 Knoll Crescent
Northwood
Middlesex
HA6 1HX
31 July 2024
Page 1

 
1ST FOR STORAGE LIMITED
REGISTERED NUMBER: 03608852

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,892
2,524

  
1,892
2,524

Current assets
  

Debtors: amounts falling due within one year
 5 
58,566
16,394

Cash at bank and in hand
 6 
473,436
403,438

  
532,002
419,832

Creditors: amounts falling due within one year
 7 
(137,530)
(119,090)

Net current assets
  
 
 
394,472
 
 
300,742

Total assets less current liabilities
  
396,364
303,266

Creditors: amounts falling due after more than one year
  
(224,425)
-

  

Net assets
  
171,939
303,266


Capital and reserves
  

Called up share capital 
  
60
60

Other reserves
  
40
40

Profit and loss account
  
171,839
303,166

  
171,939
303,266


Page 2

 
1ST FOR STORAGE LIMITED
REGISTERED NUMBER: 03608852
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2024.




................................................
Mrs T P Coen
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
1ST FOR STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

The company is a private company lmited by share capital, incorporated in England & Wales. The
company number and registered office address are:
Company number:                03608852
Registered office address: 213 Carlisle Lane
                                              Waterloo
                                              London
                                              SE1 7LH

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
1ST FOR STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.8

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
1ST FOR STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
RBB
Office equipment
-
25%
RBB

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
1ST FOR STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

3.


Employees

2023
2022
£
£

Wages and salaries
90,334
92,968

Social security costs
8,832
9,355

Cost of defined contribution scheme
2,328
2,347

101,494
104,670


The average monthly number of employees, including directors, during the year was 4 (2022 - 5).


4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2022
8,377
130,209
4,792
143,378


Disposals
(8,377)
-
-
(8,377)



At 31 August 2023

-
130,209
4,792
135,001



Depreciation


At 1 September 2022
8,376
127,939
4,539
140,854


Charge for the year on owned assets
-
568
63
631


Disposals
(8,376)
-
-
(8,376)



At 31 August 2023

-
128,507
4,602
133,109



Net book value



At 31 August 2023
-
1,702
190
1,892



At 31 August 2022
1
2,270
253
2,524

Page 7

 
1ST FOR STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Debtors

2023
2022
£
£


Other debtors
19,120
5,393

Prepayments and accrued income
39,446
11,001

58,566
16,394



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
473,436
403,438

473,436
403,438



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Payments received on account
78,520
79,142

Trade creditors
40,199
3,331

Corporation tax
-
16,757

VAT liability
10,833
11,883

Pension liability
478
477

Accruals and deferred income
7,500
7,500

137,530
119,090


 
Page 8