1 December 2022 v2024.39.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP064199562022-12-012023-11-30064199562023-11-30064199562022-11-3006419956core:WithinOneYear2023-11-3006419956core:WithinOneYear2022-11-3006419956core:AfterOneYear2023-11-3006419956core:AfterOneYear2022-11-3006419956core:ShareCapital2023-11-3006419956core:ShareCapital2022-11-3006419956core:RetainedEarningsAccumulatedLosses2023-11-3006419956core:RetainedEarningsAccumulatedLosses2022-11-3006419956bus:Director12022-12-012023-11-3006419956bus:RegisteredOffice2022-12-012023-11-3006419956core:OfficeEquipment2022-12-012023-11-3006419956core:FurnitureFittings2022-12-012023-11-30064199562021-12-012022-11-3006419956core:PlantMachinery2022-12-01064199562022-12-0106419956core:LandBuildings2022-12-012023-11-3006419956core:PlantMachinery2022-12-012023-11-3006419956core:LandBuildings2023-11-3006419956core:PlantMachinery2023-11-300641995612022-12-012023-11-3006419956countries:EnglandWales2022-12-012023-11-3006419956bus:AuditExemptWithAccountantsReport2022-12-012023-11-3006419956bus:PrivateLimitedCompanyLtd2022-12-012023-11-3006419956bus:SmallEntities2022-12-012023-11-3006419956bus:FullAccounts2022-12-012023-11-30
Company registration number:
06419956
Anchor Self Storage UK Ltd
Unaudited Filleted Financial Statements for the year ended
30 November 2023
Anchor Self Storage UK Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Anchor Self Storage UK Ltd
Year ended
30 November 2023
As described on the statement of financial position, the Board of Directors of
Anchor Self Storage UK Ltd
are responsible for the preparation of the financial statements for the year ended
30 November 2023
, which comprise the primary_statements_list.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
A Lindley
1st Floor Wimberley Park
Knapp Lane
Brimscombe
Brimscombe
GL5 2TH
United Kingdom
Date:
15 August 2024
Anchor Self Storage UK Ltd
Statement of Financial Position
30 November 2023
20232022
Note££
Fixed assets    
Tangible assets 5
384,108
  -  
Current assets    
Debtors 6
317,296
 
308,365
 
Cash at bank and in hand
868,137
 
920,232
 
1,185,433
 
1,228,597
 
Creditors: amounts falling due within one year 7
(949,405
)
(672,863
)
Net current assets
236,028
 
555,734
 
Total assets less current liabilities 620,136   555,734  
Creditors: amounts falling due after more than one year 8
(29,794
)
(40,493
)
Net assets
590,342
 
515,241
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
590,341
 
515,240
 
Shareholders funds
590,342
 
515,241
 
For the year ending
30 November 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
15 August 2024
, and are signed on behalf of the board by:
Mr A Lindley
Director
Company registration number:
06419956
Anchor Self Storage UK Ltd
Notes to the Financial Statements
Year ended
30 November 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
ANCHOR SELF STORAGE UK LIMITED
,
Clearwater Business Park Frankland Road
,
Swindon
,
Wilts
,
SN5 8YZ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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. However, the increase is recognised in profit or loss to the extent that 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. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line
Fixtures and fittings
25% straight line

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.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end.
Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.
The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
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.
All equity instruments regardless of significance, and other financial assets that are individually significant, 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 Average number of employees

The average number of persons employed by the company during the year was
10
(2022:
10.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 December 2022
-  
404,720
 
404,720
 
Additions
381,188
 
3,690
 
384,878
 
At
30 November 2023
381,188
 
408,410
 
789,598
 
Depreciation      
At
1 December 2022
-  
404,720
 
404,720
 
Charge -  
770
 
770
 
At
30 November 2023
-  
405,490
 
405,490
 
Carrying amount      
At
30 November 2023
381,188
 
2,920
 
384,108
 
At 30 November 2022 -   -   -  

6 Debtors

20232022
££
Trade debtors
12,756
 
17,049
 
Other debtors
304,540
 
291,316
 
317,296
 
308,365
 
The debtors above include the following amounts falling due after more than one year:
20232022
££
Trade debtors
12,756
 
17,049
 
Other debtors
248,238
 
248,238
 
260,994
 
265,287
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts -  
292
 
Trade creditors
707,672
 
504,661
 
Taxation and social security
18,813
 
49,865
 
Other creditors
222,920
 
118,045
 
949,405
 
672,863
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
29,794
 
40,493