2023-02-012024-01-312024-01-31false09311274AZ SELF STORAGE LTD2024-10-2952219iso4217:GBPxbrli:pure093112742023-02-01093112742024-01-31093112742023-02-012024-01-31093112742022-02-01093112742023-01-31093112742022-02-012023-01-3109311274bus:SmallEntities2023-02-012024-01-3109311274bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3109311274bus:FullAccounts2023-02-012024-01-3109311274bus:PrivateLimitedCompanyLtd2023-02-012024-01-3109311274core:WithinOneYear2024-01-3109311274core:AfterOneYear2024-01-3109311274core:WithinOneYear2023-01-3109311274core:AfterOneYear2023-01-3109311274core:ShareCapital2024-01-3109311274core:SharePremium2024-01-3109311274core:RevaluationReserve2024-01-3109311274core:OtherReservesSubtotal2024-01-3109311274core:RetainedEarningsAccumulatedLosses2024-01-3109311274core:ShareCapital2023-01-3109311274core:SharePremium2023-01-3109311274core:RevaluationReserve2023-01-3109311274core:OtherReservesSubtotal2023-01-3109311274core:RetainedEarningsAccumulatedLosses2023-01-3109311274core:LandBuildings2024-01-3109311274core:PlantMachinery2024-01-3109311274core:Vehicles2024-01-3109311274core:FurnitureFittings2024-01-3109311274core:OfficeEquipment2024-01-3109311274core:NetGoodwill2024-01-3109311274core:IntangibleAssetsOtherThanGoodwill2024-01-3109311274core:ListedExchangeTraded2024-01-3109311274core:UnlistedNon-exchangeTraded2024-01-3109311274core:LandBuildings2023-01-3109311274core:PlantMachinery2023-01-3109311274core:Vehicles2023-01-3109311274core:FurnitureFittings2023-01-3109311274core:OfficeEquipment2023-01-3109311274core:NetGoodwill2023-01-3109311274core:IntangibleAssetsOtherThanGoodwill2023-01-3109311274core:ListedExchangeTraded2023-01-3109311274core:UnlistedNon-exchangeTraded2023-01-3109311274core:LandBuildings2023-02-012024-01-3109311274core:PlantMachinery2023-02-012024-01-3109311274core:Vehicles2023-02-012024-01-3109311274core:FurnitureFittings2023-02-012024-01-3109311274core:OfficeEquipment2023-02-012024-01-3109311274core:NetGoodwill2023-02-012024-01-3109311274core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3109311274core:ListedExchangeTraded2023-02-012024-01-3109311274core:UnlistedNon-exchangeTraded2023-02-012024-01-3109311274core:MoreThanFiveYears2023-02-012024-01-3109311274core:Non-currentFinancialInstruments2024-01-3109311274core:Non-currentFinancialInstruments2023-01-3109311274dpl:CostSales2023-02-012024-01-3109311274dpl:DistributionCosts2023-02-012024-01-3109311274core:LandBuildings2023-02-012024-01-3109311274core:PlantMachinery2023-02-012024-01-3109311274core:Vehicles2023-02-012024-01-3109311274core:FurnitureFittings2023-02-012024-01-3109311274core:OfficeEquipment2023-02-012024-01-3109311274dpl:AdministrativeExpenses2023-02-012024-01-3109311274core:NetGoodwill2023-02-012024-01-3109311274core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3109311274dpl:GroupUndertakings2023-02-012024-01-3109311274dpl:ParticipatingInterests2023-02-012024-01-3109311274dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3109311274core:ListedExchangeTraded2023-02-012024-01-3109311274dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3109311274core:UnlistedNon-exchangeTraded2023-02-012024-01-3109311274dpl:CostSales2022-02-012023-01-3109311274dpl:DistributionCosts2022-02-012023-01-3109311274core:LandBuildings2022-02-012023-01-3109311274core:PlantMachinery2022-02-012023-01-3109311274core:Vehicles2022-02-012023-01-3109311274core:FurnitureFittings2022-02-012023-01-3109311274core:OfficeEquipment2022-02-012023-01-3109311274dpl:AdministrativeExpenses2022-02-012023-01-3109311274core:NetGoodwill2022-02-012023-01-3109311274core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3109311274dpl:GroupUndertakings2022-02-012023-01-3109311274dpl:ParticipatingInterests2022-02-012023-01-3109311274dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3109311274core:ListedExchangeTraded2022-02-012023-01-3109311274dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3109311274core:UnlistedNon-exchangeTraded2022-02-012023-01-3109311274core:NetGoodwill2024-01-3109311274core:IntangibleAssetsOtherThanGoodwill2024-01-3109311274core:LandBuildings2024-01-3109311274core:PlantMachinery2024-01-3109311274core:Vehicles2024-01-3109311274core:FurnitureFittings2024-01-3109311274core:OfficeEquipment2024-01-3109311274core:AfterOneYear2024-01-3109311274core:WithinOneYear2024-01-3109311274core:ListedExchangeTraded2024-01-3109311274core:UnlistedNon-exchangeTraded2024-01-3109311274core:ShareCapital2024-01-3109311274core:SharePremium2024-01-3109311274core:RevaluationReserve2024-01-3109311274core:OtherReservesSubtotal2024-01-3109311274core:RetainedEarningsAccumulatedLosses2024-01-3109311274core:NetGoodwill2023-01-3109311274core:IntangibleAssetsOtherThanGoodwill2023-01-3109311274core:LandBuildings2023-01-3109311274core:PlantMachinery2023-01-3109311274core:Vehicles2023-01-3109311274core:FurnitureFittings2023-01-3109311274core:OfficeEquipment2023-01-3109311274core:AfterOneYear2023-01-3109311274core:WithinOneYear2023-01-3109311274core:ListedExc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AZ SELF STORAGE LTD

Registered Number
09311274
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

AZ SELF STORAGE LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

MURRAY, Glenn Shaw
PALLISTER, Cara

Registered Address

Az Self Storage Ltd Coniston Road
Blyth Riverside Business Park
Blyth
NE24 4RF

Registered Number

09311274 (England and Wales)
AZ SELF STORAGE LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3355,098139,554
Investment property5613,101610,924
968,199750,478
Current assets
Debtors316,344335,005
Cash at bank and on hand19,12042,005
335,464377,010
Creditors amounts falling due within one year6(167,057)(200,618)
Net current assets (liabilities)168,407176,392
Total assets less current liabilities1,136,606926,870
Net assets1,136,606926,870
Capital and reserves
Called up share capital100100
Profit and loss account1,136,506926,770
Shareholders' funds1,136,606926,870
The financial statements were approved and authorised for issue by the Board of Directors on 29 October 2024, and are signed on its behalf by:
MURRAY, Glenn Shaw
Director
Registered Company No. 09311274
AZ SELF STORAGE LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery2
Fixtures and fittings15
Vehicles20
Office Equipment25
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 February 23270,0995,99515,344-291,438
Additions50,265--5,75956,024
Revaluations30,000---30,000
At 31 January 24350,3645,99515,3445,759377,462
Depreciation and impairment
At 01 February 23132,5714,49714,816-151,884
Charge for year-1,4981131,4403,051
Revaluation surplus(132,571)---(132,571)
At 31 January 24-5,99514,9291,44022,364
Net book value
At 31 January 24350,364-4154,319355,098
At 31 January 23137,5281,498528-139,554
4.Revaluation of property, plant and equipment
Included in plant and machinery assets are shipping containers and other types of storage containers. These have been revalued so as to correctly reflect the net realised value at the year end date. the depreciation policy has also been changed from 15% reducing balance to 2% reducing balance to reflect a more appropriate change in the realised value. These containers are also likely to retain/increase their value and therefore will be revalued every 5 years.

2024

2023

££
Plant and machinery350,364137,528
5.Investment property

£
Fair value at 01 February 23610,924
Additions1,354
Fair value adjustments823
At 31 January 24613,101
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,87552,496
Bank borrowings and overdrafts2,445-
Taxation and social security13,9086,137
Other creditors145,590141,747
Accrued liabilities and deferred income239238
Total167,057200,618
7.Creditors: amounts due after one year