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Company Registration No. 12450992 (England and Wales)
WAREHOUSE 505 LTD Unaudited accounts for the year ended 29 February 2024
WAREHOUSE 505 LTD Unaudited accounts Contents
Page
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WAREHOUSE 505 LTD Company Information for the year ended 29 February 2024
Director
Andrew Clarke
Company Number
12450992 (England and Wales)
Registered Office
UNIT 3K1, VERO STORAGE 61 BROOK LANE SOUTHAMPTON HAMPSHIRE SO31 9FF UNITED KINGDOM
Accountants
CASA Accountancy & Bookkeeping Ltd 17 Lipizzaner Fields Whiteley Fareham Hampshire PO15 7BH
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WAREHOUSE 505 LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
452 
- 
Current assets
Inventories
55,000 
55,000 
Debtors
18,322 
- 
Cash at bank and in hand
4,779 
13,742 
78,101 
68,742 
Creditors: amounts falling due within one year
(13,658)
(17,279)
Net current assets
64,443 
51,463 
Net assets
64,895 
51,463 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
64,795 
51,363 
Shareholders' funds
64,895 
51,463 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 August 2024 and were signed on its behalf by
Andrew Clarke Director Company Registration No. 12450992
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WAREHOUSE 505 LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
WAREHOUSE 505 LTD is a private company, limited by shares, registered in England and Wales, registration number 12450992. The registered office is UNIT 3K1, VERO STORAGE, 61 BROOK LANE, SOUTHAMPTON, HAMPSHIRE, SO31 9FF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
452 
At 29 February 2024
452 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
452 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,322 
- 
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WAREHOUSE 505 LTD Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,858 
544 
Trade creditors
7,623 
12,715 
Taxes and social security
3,513 
3,643 
Loans from directors
664 
377 
13,658 
17,279 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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