IRIS Accounts Production v24.3.0.553 10670876 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106708762023-03-31106708762024-03-31106708762023-04-012024-03-31106708762022-03-31106708762022-04-012023-03-31106708762023-03-3110670876ns15:EnglandWales2023-04-012024-03-3110670876ns14:PoundSterling2023-04-012024-03-3110670876ns10:Director12023-04-012024-03-3110670876ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110670876ns10:SmallEntities2023-04-012024-03-3110670876ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110670876ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110670876ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110670876ns10:AbridgedAccounts2023-04-012024-03-3110670876ns10:Director22023-04-012024-03-3110670876ns10:Director32023-04-012024-03-3110670876ns10:RegisteredOffice2023-04-012024-03-3110670876ns5:CurrentFinancialInstruments2024-03-3110670876ns5:CurrentFinancialInstruments2023-03-3110670876ns5:ShareCapital2024-03-3110670876ns5:ShareCapital2023-03-3110670876ns5:RetainedEarningsAccumulatedLosses2024-03-3110670876ns5:RetainedEarningsAccumulatedLosses2023-03-3110670876ns5:LandBuildings2023-04-012024-03-3110670876ns5:PlantMachinery2023-04-012024-03-3110670876ns10:Director222023-03-3110670876ns10:Director222022-03-3110670876ns10:Director222023-04-012024-03-3110670876ns10:Director222022-04-012023-03-3110670876ns10:Director222024-03-3110670876ns10:Director222023-03-31
REGISTERED NUMBER: 10670876 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

You Store It Ltd

You Store It Ltd (Registered number: 10670876)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


You Store It Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S B Entwistle
Mr J Entwistle
Mrs L E Entwistle





REGISTERED OFFICE: 17-19 Park Street
LYTHAM
Lancashire
FY8 5LU





REGISTERED NUMBER: 10670876 (England and Wales)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

You Store It Ltd (Registered number: 10670876)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 232,738 239,083

CURRENT ASSETS
Debtors 8,042 6,717
Cash at bank 127,486 116,431
135,528 123,148
CREDITORS
Amounts falling due within one year 63,931 70,686
NET CURRENT ASSETS 71,597 52,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,335

291,545

PROVISIONS FOR LIABILITIES 6,545 6,032
NET ASSETS 297,790 285,513

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 297,787 285,510
297,790 285,513

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 October 2024 and were signed on its behalf by:





Mr J Entwistle - Director


You Store It Ltd (Registered number: 10670876)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

You Store It Ltd 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 and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

You Store It Ltd (Registered number: 10670876)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 282,207
Additions 5,300
At 31 March 2024 287,507
DEPRECIATION
At 1 April 2023 43,124
Charge for year 11,645
At 31 March 2024 54,769
NET BOOK VALUE
At 31 March 2024 232,738
At 31 March 2023 239,083

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr S B Entwistle
Balance outstanding at start of year (35,924 ) (41,841 )
Amounts advanced 41,841 7,917
Amounts repaid (1,000 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,917 (35,924 )

Interest was charged at the official rate of interest where appropriate.