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REGISTERED NUMBER: 06885242 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

STORAGENSTUFF LIMITED

STORAGENSTUFF LIMITED (REGISTERED NUMBER: 06885242)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STORAGENSTUFF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A Wiley
S Fleming





REGISTERED OFFICE: Unit 16A Little Braxted Hall
Witham Road
Little Braxted
Witham
Essex
CM8 3EU





REGISTERED NUMBER: 06885242 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
Waterhouse Business Centre
Unit 53
2 Cromar Way
Chelmsford
Essex
CM1 2QE

STORAGENSTUFF LIMITED (REGISTERED NUMBER: 06885242)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,137 20,091

CURRENT ASSETS
Debtors 5 106,653 74,109
Prepayments and accrued income 3,797 3,297
Cash at bank 247,228 358,540
357,678 435,946
CREDITORS
Amounts falling due within one year 6 215,934 270,354
NET CURRENT ASSETS 141,744 165,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,881

185,683

PROVISIONS FOR LIABILITIES 8 (5,534 ) -

ACCRUALS AND DEFERRED INCOME (29,457 ) (60,271 )
NET ASSETS 128,890 125,412

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 128,887 125,409
SHAREHOLDERS' FUNDS 128,890 125,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2024 and were signed on its behalf by:





A Wiley - Director


STORAGENSTUFF LIMITED (REGISTERED NUMBER: 06885242)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Storagenstuff Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The directors, having considered all the information available, are confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the directors are satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and value added taxes.

Revenue is recognised based on the delivery date of when goods are delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

STORAGENSTUFF LIMITED (REGISTERED NUMBER: 06885242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 10,925 10,491 17,721 39,137
Additions 3,453 - 3,789 7,242
At 30 November 2023 14,378 10,491 21,510 46,379
DEPRECIATION
At 1 December 2022 5,474 2,623 10,949 19,046
Charge for year 1,665 1,967 1,564 5,196
At 30 November 2023 7,139 4,590 12,513 24,242
NET BOOK VALUE
At 30 November 2023 7,239 5,901 8,997 22,137
At 30 November 2022 5,451 7,868 6,772 20,091

Assets are depreciated from the month of acquisition.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,550 4,067
Pay pal account 102,259 47,839
Other debtors 1,844 -
Directors current accounts - 6,600
VAT - 15,603
106,653 74,109

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 168,503 244,553
Corporation tax 16,245 9,884
Social security and other taxes - 628
VAT 4,883 -
Directors current accounts 26,303 15,289
215,934 270,354

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 15,929 -
Between one and five years 22,280 -
38,209 -

The leases relate to property and vehicles.

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 5,534 -

STORAGENSTUFF LIMITED (REGISTERED NUMBER: 06885242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 5,534
Balance at 30 November 2023 5,534

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
S Fleming
Balance outstanding at start of year 6,600 -
Amounts advanced - 6,600
Amounts repaid (6,600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 6,600

10. RELATED PARTY DISCLOSURES

At the year end, the directors were owed £26,303 (2022: £15,289) by the company. The loans are interest free and carry no fixed term of repayment.

11. FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102 Section 1A. The last financial statements under FRS 105 were for the period ended 30 November 2022. The date of transition to FRS 102 (1A) was 1 December 2022. There were no significant changes in the accounting policies as the result of transition to FRS102 (1A) and the comparative figures are unchanged.