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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
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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
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mybox storage ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
240,892 
276,777 
Current assets
Debtors
22,615 
13,877 
Cash at bank and in hand
92,279 
31,056 
114,894 
44,933 
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)
Net assets
130,309 
93,587 
Capital and reserves
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
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mybox storage ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 taxation
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.
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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 
Depreciation
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 
Net book value
At 31 December 2023
235,962 
4,930 
240,892 
At 31 December 2022
276,490 
287 
276,777 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
503 
Trade debtors
7,094 
3,899 
Accrued income and prepayments
8,112 
566 
Other debtors
7,409 
8,909 
22,615 
13,877 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
10,518 
- 
Trade creditors
5,233 
9 
Taxes and social security
(2)
(2)
Other creditors
83,216 
93,540 
Loans from directors
(276)
3,496 
Accruals
1,395 
550 
100,084 
97,593 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
82,667 
114,667 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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