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REGISTERED NUMBER: 05072233 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Stow Away Storage Limited

Stow Away Storage Limited (Registered number: 05072233)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stow Away Storage Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: G Hobson
A M Byham





REGISTERED OFFICE: Unit 3 Hamble Yacht Services
Port Hamble
Southampton
Hampshire
SO31 4NN





REGISTERED NUMBER: 05072233 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Stow Away Storage Limited (Registered number: 05072233)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 142,264 133,710

CURRENT ASSETS
Debtors 5 38,958 59,848
Cash at bank 22,364 15,827
61,322 75,675
CREDITORS
Amounts falling due within one year 6 70,909 83,072
NET CURRENT LIABILITIES (9,587 ) (7,397 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,677

126,313

PROVISIONS FOR LIABILITIES 2,379 -
NET ASSETS 130,298 126,313

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 130,296 126,311
SHAREHOLDERS' FUNDS 130,298 126,313

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Stow Away Storage Limited (Registered number: 05072233)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





A M Byham - Director


Stow Away Storage Limited (Registered number: 05072233)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Stow Away 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance and 2% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

Stow Away Storage Limited (Registered number: 05072233)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 207,345
Additions 13,593
At 31 May 2024 220,938
DEPRECIATION
At 1 June 2023 73,635
Charge for year 5,039
At 31 May 2024 78,674
NET BOOK VALUE
At 31 May 2024 142,264
At 31 May 2023 133,710

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 16,361 33,453
Amounts owed by associates - 19,354
Other debtors 22,597 7,041
38,958 59,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 9,287 8,792
Amounts owed to group undertakings - 5,526
Amounts owed to associates - 1,017
Taxation and social security 2,211 3,471
Other creditors 59,411 64,266
70,909 83,072

Stow Away Storage Limited (Registered number: 05072233)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year - 58,517
Between one and five years - 221,172
In more than five years - 403,333
- 683,022