IRIS Accounts Production v24.3.0.553 07286103 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 Ordinary B Non Voting 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072861032023-03-31072861032024-03-31072861032023-04-012024-03-31072861032022-03-31072861032022-04-012023-03-31072861032023-03-3107286103ns15:EnglandWales2023-04-012024-03-3107286103ns14:PoundSterling2023-04-012024-03-3107286103ns10:Director12023-04-012024-03-3107286103ns10:Director22023-04-012024-03-3107286103ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107286103ns10:SmallEntities2023-04-012024-03-3107286103ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107286103ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107286103ns10:FullAccounts2023-04-012024-03-3107286103ns10:OrdinaryShareClass12023-04-012024-03-3107286103ns10:OrdinaryShareClass22023-04-012024-03-3107286103ns10:CompanySecretary12023-04-012024-03-3107286103ns10:RegisteredOffice2023-04-012024-03-3107286103ns5:CurrentFinancialInstruments2024-03-3107286103ns5:CurrentFinancialInstruments2023-03-3107286103ns5:Non-currentFinancialInstruments2024-03-3107286103ns5:Non-currentFinancialInstruments2023-03-3107286103ns5:ShareCapital2024-03-3107286103ns5:ShareCapital2023-03-3107286103ns5:RevaluationReserve2024-03-3107286103ns5:RevaluationReserve2023-03-3107286103ns5:RetainedEarningsAccumulatedLosses2024-03-3107286103ns5:RetainedEarningsAccumulatedLosses2023-03-3107286103ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-04-012024-03-3107286103ns5:PlantMachinery2023-04-012024-03-3107286103ns5:ComputerEquipment2023-04-012024-03-3107286103ns5:LandBuildings2023-03-3107286103ns5:PlantMachinery2023-03-3107286103ns5:ComputerEquipment2023-03-3107286103ns5:LandBuildings2023-04-012024-03-3107286103ns5:LandBuildings2024-03-3107286103ns5:PlantMachinery2024-03-3107286103ns5:ComputerEquipment2024-03-3107286103ns5:LandBuildings2023-03-3107286103ns5:PlantMachinery2023-03-3107286103ns5:ComputerEquipment2023-03-3107286103ns5:DeferredTaxation2023-03-3107286103ns5:DeferredTaxation2024-03-3107286103ns10:OrdinaryShareClass12024-03-3107286103ns10:OrdinaryShareClass22024-03-3107286103ns5:RetainedEarningsAccumulatedLosses2023-03-3107286103ns5:RevaluationReserve2023-03-3107286103ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 07286103 (England and Wales)











Financial Statements for the Year Ended 31 March 2024

for

STOCKPORT STORAGE LIMITED

STOCKPORT STORAGE LIMITED (REGISTERED NUMBER: 07286103)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STOCKPORT STORAGE LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: O A Griffiths
A P Griffiths



SECRETARY: O A Griffiths



REGISTERED OFFICE: 10 Market Street
Chapel-en-le-Frith
High Peak
Derbyshire
SK23 0HH



REGISTERED NUMBER: 07286103 (England and Wales)



ACCOUNTANT: Mourne & Co
10 Market Street
Chapel-en-le-Frith
High Peak
Derbyshire
SK23 0HH



SOLICITORS: Aspinall Wright
Notary House
65 High Street West
Glossop
Derbyshire
SK13 8AZ

STOCKPORT STORAGE LIMITED (REGISTERED NUMBER: 07286103)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 734,965 744,311

CURRENT ASSETS
Debtors 6 145,000 150,000
Cash at bank 28,015 34,978
173,015 184,978
CREDITORS
Amounts falling due within one year 7 51,473 89,804
NET CURRENT ASSETS 121,542 95,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

856,507

839,485

CREDITORS
Amounts falling due after more than one
year

8

(30,465

)

(18,867

)

PROVISIONS FOR LIABILITIES 9 (77,338 ) (77,338 )
NET ASSETS 748,704 743,280

CAPITAL AND RESERVES
Called up share capital 10 200 200
Revaluation reserve 11 323,846 323,846
Retained earnings 11 424,658 419,234
SHAREHOLDERS' FUNDS 748,704 743,280

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.

STOCKPORT STORAGE LIMITED (REGISTERED NUMBER: 07286103)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:




O A Griffiths - Director



A P Griffiths - Director


STOCKPORT STORAGE LIMITED (REGISTERED NUMBER: 07286103)

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


1. STATUTORY INFORMATION

Stockport 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principal accounting policies adopted in the preparation of the financial statements are set out below.

The financial statements have been prepared under the historical cost convention, except for modification to a fair value basis for certain fixed assets, as specified in the accounting policies below.

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.
Property (Levens Road) - at varying rates on cost
Plant & equipment - 10% on reducing balance
Office equipment - 25% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments; trade debtors, trade creditors, bank loans and directors loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


STOCKPORT STORAGE LIMITED (REGISTERED NUMBER: 07286103)

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


3. ACCOUNTING POLICIES - continued
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.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Property
(Levens Plant & Office
Road) equipment equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 786,638 22,175 1,800 810,613
Disposals - (1,666 ) - (1,666 )
At 31 March 2024 786,638 20,509 1,800 808,947
DEPRECIATION
At 1 April 2023 51,685 13,257 1,360 66,302
Charge for year 7,866 838 110 8,814
Eliminated on disposal - (1,134 ) - (1,134 )
At 31 March 2024 59,551 12,961 1,470 73,982
NET BOOK VALUE
At 31 March 2024 727,087 7,548 330 734,965
At 31 March 2023 734,953 8,918 440 744,311

Cost or valuation at 31 March 2024 is represented by:

Property
(Levens Plant & Office
Road) equipment equipment Totals
£    £    £    £   
Valuation in 2017 123,728 - - 123,728
Valuation in 2022 276,081 - - 276,081
Cost 386,829 20,509 1,800 409,138
786,638 20,509 1,800 808,947

STOCKPORT STORAGE LIMITED (REGISTERED NUMBER: 07286103)

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


5. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 386,829 386,829
Aggregate depreciation 39,155 39,155

Freehold land and buildings was valued on an open market basis on 1 September 2022 by Roger Hannah Ltd Chartered Surveyors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Lifestyle Products Limited 145,000 150,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 700 -
Taxation 5,911 33,572
Social security & other taxes 2,400 -
Directors' current accounts 15,851 27,571
Other creditors 780 780
Accrued expenses 1,050 1,800
Customer deposits 24,781 26,081
51,473 89,804

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Directors' loan account (APG) 6,465 8,867
Family loan account 3,000 -
Directors' loan account 21,000 10,000
30,465 18,867

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 77,338 77,338

STOCKPORT STORAGE LIMITED (REGISTERED NUMBER: 07286103)

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


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 77,338
Balance at 31 March 2024 77,338

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100
100 Ordinary B Non Voting £1 100 100
200 200

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 419,234 323,846 743,080
Profit for the year 16,424 16,424
Dividends (11,000 ) (11,000 )
At 31 March 2024 424,658 323,846 748,504

12. ULTIMATE CONTROLLING PARTY

The company was throughout the year under the control of the director O A Griffiths by virtue of her 100% holding of the issued ordinary share capital.