Silverfin false false 29/02/2024 01/03/2023 29/02/2024 Mrs C L Treble Parker 22/02/2019 Mr J Treble Parker 22/02/2019 Miss E C Treble Parker 19/03/2020 Mr J R Treble Parker 19/03/2020 28 November 2024 The principal activity of the company is the rental of storage containers. 11841677 2024-02-29 11841677 bus:Director1 2024-02-29 11841677 bus:Director2 2024-02-29 11841677 bus:Director3 2024-02-29 11841677 bus:Director4 2024-02-29 11841677 2023-02-28 11841677 core:CurrentFinancialInstruments 2024-02-29 11841677 core:CurrentFinancialInstruments 2023-02-28 11841677 core:Non-currentFinancialInstruments 2024-02-29 11841677 core:Non-currentFinancialInstruments 2023-02-28 11841677 core:ShareCapital 2024-02-29 11841677 core:ShareCapital 2023-02-28 11841677 core:RetainedEarningsAccumulatedLosses 2024-02-29 11841677 core:RetainedEarningsAccumulatedLosses 2023-02-28 11841677 core:PlantMachinery 2023-02-28 11841677 core:OfficeEquipment 2023-02-28 11841677 core:PlantMachinery 2024-02-29 11841677 core:OfficeEquipment 2024-02-29 11841677 2023-03-01 2024-02-29 11841677 bus:FilletedAccounts 2023-03-01 2024-02-29 11841677 bus:SmallEntities 2023-03-01 2024-02-29 11841677 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11841677 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11841677 bus:Director1 2023-03-01 2024-02-29 11841677 bus:Director2 2023-03-01 2024-02-29 11841677 bus:Director3 2023-03-01 2024-02-29 11841677 bus:Director4 2023-03-01 2024-02-29 11841677 core:PlantMachinery core:TopRangeValue 2023-03-01 2024-02-29 11841677 core:OfficeEquipment core:TopRangeValue 2023-03-01 2024-02-29 11841677 2022-03-01 2023-02-28 11841677 core:PlantMachinery 2023-03-01 2024-02-29 11841677 core:OfficeEquipment 2023-03-01 2024-02-29 11841677 core:Non-currentFinancialInstruments 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Company No: 11841677 (England and Wales)

CONTAINER STORAGE SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

CONTAINER STORAGE SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

CONTAINER STORAGE SOLUTIONS LIMITED

BALANCE SHEET

As at 29 February 2024
CONTAINER STORAGE SOLUTIONS LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 8,108 7,120
8,108 7,120
Current assets
Debtors 4 27,825 29,795
Cash at bank and in hand 10,046 6,814
37,871 36,609
Creditors: amounts falling due within one year 5 ( 11,542) ( 7,562)
Net current assets 26,329 29,047
Total assets less current liabilities 34,437 36,167
Creditors: amounts falling due after more than one year 6, 7 ( 1,877) ( 3,377)
Provision for liabilities ( 1,113) ( 1,353)
Net assets 31,447 31,437
Capital and reserves
Called-up share capital 100 100
Profit and loss account 31,347 31,337
Total shareholders' funds 31,447 31,437

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Container Storage Solutions Limited (registered number: 11841677) were approved and authorised for issue by the Board of Directors on 28 November 2024. They were signed on its behalf by:

Mrs C L Treble Parker
Director
CONTAINER STORAGE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
CONTAINER STORAGE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Container Storage Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is Cuckoowood Farm, Eynsham Road, Freeland, Witney, Oxfordshire, OX29 8AD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the fair value of services provided under contract with customers to the extent that there is a right to consideration. It is measured at fair value of consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 March 2023 13,144 998 14,142
Additions 5,032 0 5,032
At 29 February 2024 18,176 998 19,174
Accumulated depreciation
At 01 March 2023 6,605 417 7,022
Charge for the financial year 3,795 249 4,044
At 29 February 2024 10,400 666 11,066
Net book value
At 29 February 2024 7,776 332 8,108
At 28 February 2023 6,539 581 7,120

4. Debtors

2024 2023
£ £
Trade debtors 5,100 7,070
Other debtors 22,725 22,725
27,825 29,795

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 1,500 1,500
Trade creditors 6,477 1,810
Taxation and social security 418 1,325
Other creditors 3,147 2,927
11,542 7,562

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 1,877 3,377

There are no amounts included above in respect of which any security has been given by the small entity.

7. Loans and borrowings

Loans and borrowings due after one year

2024 2023
£ £
Bank borrowings (1,877) (3,377)

Current loans and borrowings

2024 2023
£ £
Bank borrowings (1,500) (1,500)