Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse22023-01-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12293044 2023-01-01 2024-03-31 12293044 2021-12-31 2022-12-31 12293044 2024-03-31 12293044 2022-12-31 12293044 c:Director1 2023-01-01 2024-03-31 12293044 d:PlantMachinery 2023-01-01 2024-03-31 12293044 d:PlantMachinery 2024-03-31 12293044 d:PlantMachinery 2022-12-31 12293044 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 12293044 d:CurrentFinancialInstruments 2024-03-31 12293044 d:CurrentFinancialInstruments 2022-12-31 12293044 d:Non-currentFinancialInstruments 2024-03-31 12293044 d:Non-currentFinancialInstruments 2022-12-31 12293044 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12293044 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12293044 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12293044 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12293044 d:ShareCapital 2024-03-31 12293044 d:ShareCapital 2022-12-31 12293044 d:RetainedEarningsAccumulatedLosses 2024-03-31 12293044 d:RetainedEarningsAccumulatedLosses 2022-12-31 12293044 c:FRS102 2023-01-01 2024-03-31 12293044 c:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 12293044 c:FullAccounts 2023-01-01 2024-03-31 12293044 c:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 12293044 e:PoundSterling 2023-01-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 12293044







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2024


NORTH HERTS STORAGE LIMITED






































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NORTH HERTS STORAGE LIMITED
REGISTERED NUMBER:12293044



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 December
2024
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
121,987
148,202

  
121,987
148,202

Current assets
  

Debtors: amounts falling due within one year
 5 
49,714
44,696

Cash at bank and in hand
  
145,721
62,198

  
195,435
106,894

Creditors: amounts falling due within one year
 6 
(46,588)
(31,367)

Net current assets
  
 
 
148,847
 
 
75,527

Total assets less current liabilities
  
270,834
223,729

Creditors: amounts falling due after more than one year
 7 
(7,294)
(4,903)

  

Net assets
  
263,540
218,826


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
263,440
218,726

  
263,540
218,826

Page 1

 


NORTH HERTS STORAGE LIMITED
REGISTERED NUMBER:12293044


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 statement of income and retained earnings 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 on 30 October 2024.




A D Cherry
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


NORTH HERTS STORAGE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

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

2.Accounting policies

 
2.1

Basis of preparation of financial statement

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

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.

Page 3

 


NORTH HERTS STORAGE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%

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.

Page 4

 


NORTH HERTS STORAGE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).


4.


Tangible fixed assets







Plant and machinery

£



Cost or valuation


At 1 January 2023
209,570


Additions
1,850



At 31 March 2024

211,420



Depreciation


At 1 January 2023
61,368


Charge for the period on owned assets
28,065



At 31 March 2024

89,433



Net book value



At 31 March 2024
121,987



At 31 December 2022
148,202


5.


Debtors

31 March
31 December
2024
2022
£
£


Trade debtors
39,714
34,696

Prepayments and accrued income
10,000
10,000

49,714
44,696


Page 5

 


NORTH HERTS STORAGE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

31 March
31 December
2024
2022
£
£

Trade creditors
2,063
260

Corporation tax
34,975
29,141

Other taxation and social security
8,650
1,066

Accruals and deferred income
900
900

46,588
31,367



7.


Creditors: Amounts falling due after more than one year

31 March
31 December
2024
2022
£
£

Other creditors
7,294
4,903

7,294
4,903


 
Page 6