STOR HOLDINGS LIMITED

Company Registration Number:
11240846 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

STOR HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

STOR HOLDINGS LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

A A Ahsan
G Brintalos


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 June 2024

And signed on behalf of the board by:
Name: G Brintalos
Status: Director

STOR HOLDINGS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 6,552,008 4,385,856
Cost of sales: ( 3,126,613 ) ( 1,918,177 )
Gross profit(or loss): 3,425,395 2,467,679
Distribution costs: 0 0
Administrative expenses: ( 4,030,037 ) ( 2,988,090 )
Other operating income: 0 0
Operating profit(or loss): (604,642) (520,411)
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 144,000 ) ( 144,000 )
Profit(or loss) before tax: (748,642) (664,411)
Tax: ( 1,169 ) 0
Profit(or loss) for the financial year: (749,811) (664,411)

STOR HOLDINGS LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 163,794 163,794
Total fixed assets: 163,794 163,794
Current assets
Stocks:   0 0
Debtors: 4 24,841,927 26,439,182
Cash at bank and in hand: 7,724,093 7,390,235
Investments:   0 0
Total current assets: 32,566,020 33,829,417
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 11,403,298 ) ( 12,086,254 )
Net current assets (liabilities): 21,162,722 21,743,163
Total assets less current liabilities: 21,326,516 21,906,957
Creditors: amounts falling due after more than one year: 6 ( 21,704,543 ) ( 21,535,382 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (378,027) 371,575
Capital and reserves
Called up share capital: 1,345,060 1,345,043
Share premium account: 0 0
Other reserves: 215 23
Profit and loss account: (1,723,302 ) (973,491 )
Total Shareholders' funds: ( 378,027 ) 371,575

The notes form part of these financial statements

STOR HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 28 June 2024
and signed on behalf of the board by:

Name: G Brintalos
Status: Director

The notes form part of these financial statements

STOR HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognized to the extend that it is probable that the economic benefits will flow to the Group and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax and other sales taxes. The following criteria must also be met before turnover is recognized: Rendering of services: Turnover from a contract to provide services is recognized in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of turnover can be measured reliably; it is probable that the Group will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

STOR HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 13 9

STOR HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed assets investments note

During the year 2021, the Company purchased an investment in WolrdFront Limited for 5,428 ordinary shares representing 1.01%. Its register office is 130 Broadway, Newmarket, Auckland, 1023, New Zealand. It is an e-commerce platform and logistics company.

STOR HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 776,134 370,879
Prepayments and accrued income 0 324,749
Other debtors 24,065,793 25,743,554
Total 24,841,927 26,439,182
Debtors due after more than one year: 0 0

STOR HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 169,425 78,319
Taxation and social security 22,292 0
Accruals and deferred income 411,363 293,772
Other creditors 10,800,218 11,714,163
Total 11,403,298 12,086,254

STOR HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 21,704,543 21,535,382
Total 21,704,543 21,535,382