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Registered Number: NI071525
Northern Ireland

 

 

 

BUSINESS STORAGE PRODUCTS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
  2024   2023
    £ £   £ £
Fixed assets   15,300      18,589 
Current assets 169,742      201,697   
Prepayments and accrued income     8,820   
Creditors: amount falling due within one year (135,421)     (201,461)  
Net current assets   34,321      9,056 
Total assets less current liabilities   49,621      27,645 
Creditors: amount falling due after more than one year   (43,333)     (24,167)
Net assets   6,288      3,478 
 

         
Capital and reserves   6,288      3,478 
 
NOTES TO THE ACCOUNTS

General Information
Business Storage Products Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI071525, registration address Unit 25 East Belfast Enterprise Park,, 308 Albertbridge Road,, Belfast, BT5 4GX.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees


Average number of employees during the year was 7 (2023 : 7).

3.

Related parties

During the year the company entered into the following transactions with related parties:
Amount due from/to related party Provision for doubtful debt from the related party
2024
£
 2023
£
 2024
£
 2023
£
Howard Boles and Karen Magowan(26,591)(28,911)

Howard Boles and Karen Magowan are directors of the company. As at 31 January 2024, the directors owe the company £26,591.

For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 02 October 2024 and were signed on its behalf by:


--------------------------------
Howard Boles
Director
--------------------------------
Karen Magowan
Director
1