Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-01falseNo description of principal activity3falsetruefalse 13849611 2023-01-31 13849611 2023-02-01 2024-01-31 13849611 2022-02-01 2023-01-31 13849611 2024-01-31 13849611 c:Director1 2023-02-01 2024-01-31 13849611 d:Buildings 2023-02-01 2024-01-31 13849611 d:Buildings 2024-01-31 13849611 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13849611 d:FurnitureFittings 2023-02-01 2024-01-31 13849611 d:FurnitureFittings 2024-01-31 13849611 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13849611 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13849611 d:CurrentFinancialInstruments 2024-01-31 13849611 d:Non-currentFinancialInstruments 2024-01-31 13849611 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13849611 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 13849611 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 13849611 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 13849611 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 13849611 d:ShareCapital 2024-01-31 13849611 d:RetainedEarningsAccumulatedLosses 2024-01-31 13849611 c:FRS102 2023-02-01 2024-01-31 13849611 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13849611 c:FullAccounts 2023-02-01 2024-01-31 13849611 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13849611 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 13849611










STUFF SELFSTORE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
STUFF SELFSTORE LTD
REGISTERED NUMBER: 13849611

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
558,357

  
558,357

Current assets
  

Stocks
  
3,921

Debtors: amounts falling due within one year
 5 
21,773

Cash at bank and in hand
  
15,286

  
40,980

Creditors: amounts falling due within one year
 6 
(214,650)

Net current (liabilities)/assets
  
 
 
(173,670)

Total assets less current liabilities
  
384,687

Creditors: amounts falling due after more than one year
 7 
(449,115)

  

Net (liabilities)/assets
  
(64,428)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(64,528)

  
(64,428)


Page 1

 
STUFF SELFSTORE LTD
REGISTERED NUMBER: 13849611
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
Simon Charles Gardner
Director
Date: 3 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
STUFF SELFSTORE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Stuff Selfstore Limited is a company limited by shares incorporated in England & Wales, registered number 13849611. The address of the registered office is Birchwood, Vale Road, High Kelling, Holt, England, NR25 6RA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have considered the Company’s position at the time of signing the financial statements, and in particular the effects on the Company of the wider economy. As part of their assessment, they have taken into consideration a number of possible trading performance, profitability and cash flow scenarios.
Based on this, and the on-going support of the Directors, the Directors have concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of signing these financial statements, and they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

Page 3

 
STUFF SELFSTORE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised 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 revenue can be measured reliably;
it is probable that the Company 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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
STUFF SELFSTORE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as per the below.

Depreciation is provided on the following basis:

Freehold property
-
4%
Straight line
Fixtures and fittings
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3.

Page 5

 
STUFF SELFSTORE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


Additions
579,821
2,305
582,126



At 31 January 2024

579,821
2,305
582,126



Depreciation


Charge for the year on owned assets
23,193
576
23,769



At 31 January 2024

23,193
576
23,769



Net book value



At 31 January 2024
556,628
1,729
558,357


5.


Debtors

2024
£


Loan to Birchwood Building Limited
21,773

21,773


Page 6

 
STUFF SELFSTORE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
£

Bank loans
885

Trade creditors
937

Other taxation and social security
1,374

Other creditors
194,719

Accruals and deferred income
16,735

214,650


The following liabilities were secured:

2024
£



Bank loans
885

885

Details of security provided:

The above loan is secured against the storage unit held at North Walsham.


7.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
449,115

449,115


The following liabilities were secured:

2024
£



Bank loans
449,115

449,115

Details of security provided:

The above loan is secured against the storage unit held at North Walsham.

Page 7

 
STUFF SELFSTORE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Bank loans
885


885

Amounts falling due 1-2 years

Bank loans
11,103


11,103

Amounts falling due 2-5 years

Bank loans
39,350


39,350

Amounts falling due after more than 5 years

Bank loans
398,662

398,662

450,000


 
Page 8