Company Registration No. 07318631 (England and Wales)
mybox storage ltd
Unaudited accounts
for the year ended 31 December 2023
mybox storage ltd
Unaudited accounts
Contents
mybox storage ltd
Company Information
for the year ended 31 December 2023
Directors
Thomas Wynne Bromby
Daniel Stuart Voaden
Company Number
07318631 (England and Wales)
Registered Office
THE PUMP HOUSE
BROAD LANE
LAWRENNY
PEMBROKESHIRE
SA68 0PN
Accountants
williams lester accountants ltd
Ground Floor Offices
County Chambers, Warren Street
Tenby
Pembrokeshire
SA70 7JS
mybox storage ltd
Statement of financial position
as at 31 December 2023
Tangible assets
240,892
276,777
Cash at bank and in hand
92,279
31,056
Creditors: amounts falling due within one year
(100,084)
(97,593)
Net current assets/(liabilities)
14,810
(52,660)
Total assets less current liabilities
255,702
224,117
Creditors: amounts falling due after more than one year
(82,667)
(114,667)
Provisions for liabilities
Deferred tax
(42,726)
(15,863)
Called up share capital
100
100
Profit and loss account
130,209
93,487
Shareholders' funds
130,309
93,587
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by
Thomas Wynne Bromby
Director
Company Registration No. 07318631
mybox storage ltd
Notes to the Accounts
for the year ended 31 December 2023
mybox storage ltd is a private company, limited by shares, registered in England and Wales, registration number 07318631. The registered office is THE PUMP HOUSE, BROAD LANE, LAWRENNY, PEMBROKESHIRE, SA68 0PN.
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.
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
15% Reducing Balance
Computer equipment
25% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
mybox storage ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
364,373
2,457
366,830
Additions
1,012
5,772
6,784
At 31 December 2023
365,385
8,229
373,614
At 1 January 2023
87,883
2,170
90,053
Charge for the year
41,540
1,129
42,669
At 31 December 2023
129,423
3,299
132,722
At 31 December 2023
235,962
4,930
240,892
At 31 December 2022
276,490
287
276,777
Amounts falling due within one year
Accrued income and prepayments
8,112
566
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(2)
(2)
Other creditors
83,216
93,540
Loans from directors
(276)
3,496
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).