Registered number
12719088
Station Storage (Lincs) Limited
Filleted Accounts
31 July 2024
Station Storage (Lincs) Limited
Registered number: 12719088
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 182,157 158,346
Current assets
Debtors 4 2,346 201
Cash at bank and in hand 13,063 7,892
15,409 8,093
Creditors: amounts falling due within one year 5 (163,074) (139,244)
Net current liabilities (147,665) (131,151)
Net assets 34,492 27,195
Capital and reserves
Called up share capital 100 100
Profit and loss account 34,392 27,095
Shareholders' funds 34,492 27,195
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Smith
Director
Approved by the board on 1 November 2024
Station Storage (Lincs) Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Containers 18% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Containers Total
£ £ £
Cost
At 1 August 2023 10,094 219,152 229,246
Additions 22,815 41,650 64,465
At 31 July 2024 32,909 260,802 293,711
Depreciation
At 1 August 2023 5,474 65,426 70,900
Charge for the year 5,487 35,167 40,654
At 31 July 2024 10,961 100,593 111,554
Net book value
At 31 July 2024 21,948 160,209 182,157
At 31 July 2023 4,620 153,726 158,346
4 Debtors 2024 2023
£ £
Other debtors 2,346 201
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,320 2,774
Taxation and social security costs 2,004 1,387
Other creditors 159,750 135,083
163,074 139,244
6 Other information
Station Storage (Lincs) Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Bellamy Steele & Co Ltd
Old Warden
King's Lynn
Norfolk
PE30 1QS
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