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REGISTERED NUMBER: 02780524 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Hull Storage & Interiors Limited

Hull Storage & Interiors Limited (Registered number: 02780524)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hull Storage & Interiors Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: P H Smith
Mrs S M Smith
J A Smith





SECRETARY: Mrs S M Smith





REGISTERED OFFICE: Index House
Spyvee Street
Hull
East Yorkshire
HU8 7JJ





REGISTERED NUMBER: 02780524 (England and Wales)





ACCOUNTANTS: Marshall & Co
Chartered Accountants
& Chartered Tax Advisers
The Bloc
Springfield Way
Anlaby
Kingston upon Hull
East Yorkshire
HU10 6RJ

Hull Storage & Interiors Limited (Registered number: 02780524)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,350 102,353

CURRENT ASSETS
Stocks 500 500
Debtors 5 161,807 162,216
Cash at bank 210,418 217,051
372,725 379,767
CREDITORS
Amounts falling due within one year 6 148,608 128,102
NET CURRENT ASSETS 224,117 251,665
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,467

354,018

CREDITORS
Amounts falling due after more than one year 7 (46,637 ) (46,637 )

PROVISIONS FOR LIABILITIES (672 ) (683 )
NET ASSETS 276,158 306,698

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 276,058 306,598
SHAREHOLDERS' FUNDS 276,158 306,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Hull Storage & Interiors Limited (Registered number: 02780524)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





J A Smith - Director


Hull Storage & Interiors Limited (Registered number: 02780524)

Notes to the Financial Statements
for the year ended 31 January 2024


1. STATUTORY INFORMATION

Hull Storage & Interiors Limited 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% 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.

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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hull Storage & Interiors Limited (Registered number: 02780524)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 140,152 4,135 31,125
Additions - - 160
At 31 January 2024 140,152 4,135 31,285
DEPRECIATION
At 1 February 2023 42,188 3,964 29,421
Charge for year 2,803 171 481
At 31 January 2024 44,991 4,135 29,902
NET BOOK VALUE
At 31 January 2024 95,161 - 1,383
At 31 January 2023 97,964 171 1,704

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 20,217 24,451 220,080
Additions - 2,165 2,325
At 31 January 2024 20,217 26,616 222,405
DEPRECIATION
At 1 February 2023 20,217 21,937 117,727
Charge for year - 1,873 5,328
At 31 January 2024 20,217 23,810 123,055
NET BOOK VALUE
At 31 January 2024 - 2,806 99,350
At 31 January 2023 - 2,514 102,353

Hull Storage & Interiors Limited (Registered number: 02780524)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,257 69,838
Other debtors 100,550 92,378
161,807 162,216

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,745 24,768
Taxation and social security 19,435 18,029
Other creditors 89,428 85,305
148,608 128,102

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 46,637 46,637

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

Fixed and floating charges over the undertaking and all property and assets

9. RELATED PARTY DISCLOSURES

An interest free loan existed to an associated company, at the balance sheet date the amount due from it was £98,270 (2023 £90,270)

10. ULTIMATE CONTROLLING PARTY

The controlling party is the directors acting jointly.