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REGISTERED NUMBER: 12424677 (England and Wales)















KETTLEBROOK SELF STORAGE LIMITED

Unaudited Financial Statements

for the Year Ended 31 January 2024






KETTLEBROOK SELF STORAGE LIMITED (REGISTERED NUMBER: 12424677)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KETTLEBROOK SELF STORAGE LIMITED

Company Information
for the year ended 31 January 2024







DIRECTOR: P J Skerritt





REGISTERED OFFICE: Hintsbrook
School Lane
Hints
Tamworth
Staffordshire
B78 3DP





REGISTERED NUMBER: 12424677 (England and Wales)






KETTLEBROOK SELF STORAGE LIMITED (REGISTERED NUMBER: 12424677)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 176,458 203,958
Tangible assets 5 236,377 251,872
412,835 455,830

CURRENT ASSETS
Debtors 6 1,406 1,701
Cash at bank 18,017 2,113
19,423 3,814
CREDITORS
Amounts falling due within one year 7 462,311 431,292
NET CURRENT LIABILITIES (442,888 ) (427,478 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,053

)

28,352

CREDITORS
Amounts falling due after more than one year 8 (3,505 ) (6,105 )

PROVISIONS FOR LIABILITIES (20,885 ) (9,173 )
NET (LIABILITIES)/ASSETS (54,443 ) 13,074

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (54,444 ) 13,073
SHAREHOLDERS' FUNDS (54,443 ) 13,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KETTLEBROOK SELF STORAGE LIMITED (REGISTERED NUMBER: 12424677)

Balance Sheet - continued
31 January 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 June 2024 and were signed by:





P J Skerritt - Director


KETTLEBROOK SELF STORAGE LIMITED (REGISTERED NUMBER: 12424677)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Kettlebrook Self Storage 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.

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.

As at the balance sheet date, the company had net current liabilities. However, included in creditors due within one year is an amount owed to the Director which although classed as repayable on demand, will not be requested for repayment until the company has sufficient funds. Accordingly, the Director considers the going concern basis of preparation to be appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - over 10 years and 30 years on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

KETTLEBROOK SELF STORAGE LIMITED (REGISTERED NUMBER: 12424677)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 275,000
AMORTISATION
At 1 February 2023 71,042
Charge for year 27,500
At 31 January 2024 98,542
NET BOOK VALUE
At 31 January 2024 176,458
At 31 January 2023 203,958

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 165,000 119,018 284,018
Disposals - (9,100 ) (9,100 )
At 31 January 2024 165,000 109,918 274,918
DEPRECIATION
At 1 February 2023 - 32,146 32,146
Charge for year - 10,728 10,728
Eliminated on disposal - (4,333 ) (4,333 )
At 31 January 2024 - 38,541 38,541
NET BOOK VALUE
At 31 January 2024 165,000 71,377 236,377
At 31 January 2023 165,000 86,872 251,872

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Other debtors 1,406 1,701

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 2,600 2,600
Other creditors 459,711 428,692
462,311 431,292

Included in creditors due within one year is an amount owed to the Director. The loan is interest free, has no repayment date and is unsecured and therefore the loan is considered to be repayable on demand.

KETTLEBROOK SELF STORAGE LIMITED (REGISTERED NUMBER: 12424677)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans 3,505 6,105