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REGISTERED NUMBER: 12004074 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2022 TO 31 AUGUST 2023

FOR

STORAGE SERVICES LTD

STORAGE SERVICES LTD (REGISTERED NUMBER: 12004074)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 June 2022 to 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STORAGE SERVICES LTD

COMPANY INFORMATION
FOR THE PERIOD 1 June 2022 to 31 August 2023







DIRECTOR: D R Humphreys





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 12004074 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

STORAGE SERVICES LTD (REGISTERED NUMBER: 12004074)

BALANCE SHEET
31 August 2023

31.8.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,785,000 1,785,000
1,785,000 1,785,000

CURRENT ASSETS
Debtors 6 1,061,482 1,047,626
Cash at bank 45,441 32,896
1,106,923 1,080,522
CREDITORS
Amounts falling due within one year 7 1,117,681 1,113,155
NET CURRENT LIABILITIES (10,758 ) (32,633 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,774,242

1,752,367

CREDITORS
Amounts falling due after more than one
year

8

(1,067,863

)

(1,069,815

)

PROVISIONS FOR LIABILITIES (132,719 ) (132,719 )
NET ASSETS 573,660 549,833

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 398,157 398,157
Retained earnings 175,403 151,576
SHAREHOLDERS' FUNDS 573,660 549,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 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.

STORAGE SERVICES LTD (REGISTERED NUMBER: 12004074)

BALANCE SHEET - continued
31 August 2023


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 director and authorised for issue on 12 September 2024 and were signed by:





D R Humphreys - Director


STORAGE SERVICES LTD (REGISTERED NUMBER: 12004074)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 June 2022 to 31 August 2023

1. STATUTORY INFORMATION

Storage Services Ltd 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 modified by the revaluation of certain assets.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 period 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 period was NIL (2022 - NIL).

STORAGE SERVICES LTD (REGISTERED NUMBER: 12004074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 June 2022 to 31 August 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 June 2022 1,254,124
Reclassification/transfer (1,254,124 )
At 31 August 2023 -
DEPRECIATION
At 1 June 2022 1,254,124
Reclassification/transfer (1,254,124 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 May 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 August 2023 1,785,000
NET BOOK VALUE
At 31 August 2023 1,785,000
At 31 May 2022 1,785,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2022 530,876
Cost 1,254,124
1,785,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.5.22
£    £   
Trade debtors 4,668 -
Other debtors 1,056,814 1,047,626
1,061,482 1,047,626

STORAGE SERVICES LTD (REGISTERED NUMBER: 12004074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 June 2022 to 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.5.22
£    £   
Trade creditors 25,782 3,858
Taxation and social security 44,522 69,361
Other creditors 1,047,377 1,039,936
1,117,681 1,113,155

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.5.22
£    £   
Bank loans 1,067,863 1,069,815

9. RESERVES
Fair
value
reserve
£   
At 1 June 2022
and 31 August 2023 398,157