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REGISTERED NUMBER: 03699751 (England and Wales)















Self Storage Hire Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






Self Storage Hire Ltd (Registered number: 03699751)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Self Storage Hire Ltd

Company Information
for the Year Ended 31 December 2023







Director: S Sokalsky





Secretary: Ms L Sokalsky





Registered office: Porters Lane
Lenwade
Norfolk
NR9 5LR





Registered number: 03699751 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Self Storage Hire Ltd (Registered number: 03699751)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 273,627 283,610

Current assets
Stocks 1,068 956
Debtors 5 24,851 21,128
Cash at bank and in hand 33,977 46,040
59,896 68,124
Creditors
Amounts falling due within one year 6 71,167 80,326
Net current liabilities (11,271 ) (12,202 )
Total assets less current liabilities 262,356 271,408

Creditors
Amounts falling due after more than one
year

7

(99,999

)

(128,732

)

Provisions for liabilities (29,078 ) (31,465 )
Net assets 133,279 111,211

Capital and reserves
Called up share capital 8 1 1
Retained earnings 133,278 111,210
Shareholders' funds 133,279 111,211

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

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

Self Storage Hire Ltd (Registered number: 03699751)

Statement of Financial Position - continued
31 December 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 13 September 2024 and were signed by:





S Sokalsky - Director


Self Storage Hire Ltd (Registered number: 03699751)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Self Storage Hire 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 4% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Self Storage Hire Ltd (Registered number: 03699751)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 January 2023 137,224 334,822 51,917 523,963
Additions 5,036 48,816 2,450 56,302
At 31 December 2023 142,260 383,638 54,367 580,265
Depreciation
At 1 January 2023 19,218 182,679 38,456 240,353
Charge for year 2,455 50,239 13,591 66,285
At 31 December 2023 21,673 232,918 52,047 306,638
Net book value
At 31 December 2023 120,587 150,720 2,320 273,627
At 31 December 2022 118,006 152,143 13,461 283,610

5. Debtors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Trade debtors 11,251 14,338
Other debtors 13,600 6,790
24,851 21,128

6. Creditors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 28,733 28,733
Trade creditors 28,820 35,281
Taxation and social security 11,667 13,342
Other creditors 1,947 2,970
71,167 80,326

7. Creditors: amounts falling due after more than one year
31/12/23 31/12/22
£    £   
Bank loans 99,999 128,732

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
1 Ordinary £1 1 1

Self Storage Hire Ltd (Registered number: 03699751)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. Related party disclosures

As at 01 January 2023, there was a loan balance due to a close family member totalling £98,005. During the year the director made repayments totalling £12,000. As at 31 December 2023, the balance on the loan account was £86,005, as included within bank loans in note 8.

The loan is interest free and there is no set repayment period.