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REGISTERED NUMBER: 14599106 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Period 17 January 2023 to 30 June 2024

for

Locked-In Self-Storage Ltd

Locked-In Self-Storage Ltd (Registered number: 14599106)






Contents of the Financial Statements
for the Period 17 January 2023 to 30 June 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Locked-In Self-Storage Ltd

Company Information
for the Period 17 January 2023 to 30 June 2024







DIRECTORS: P S Fernback
A G Fernback





SECRETARY:





REGISTERED OFFICE: The Beechwood Centre
40 Lower Gravel Rd
Bromley
Kent
BR2GP





REGISTERED NUMBER: 14599106 (England and Wales)






Locked-In Self-Storage Ltd (Registered number: 14599106)

Report of the Directors
for the Period 17 January 2023 to 30 June 2024

The directors present their report with the financial statements of the company for the period 17 January 2023 to 30 June 2024.

INCORPORATION
The company was incorporated on 17 January 2023 and commenced trading on the same date.

DIRECTORS
The directors who have held office during the period from 17 January 2023 to the date of this report are as follows:

P S Fernback - appointed 17 January 2023
A G Fernback - appointed 17 January 2023

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A G Fernback - Director


6 January 2025

Locked-In Self-Storage Ltd (Registered number: 14599106)

Income Statement
for the Period 17 January 2023 to 30 June 2024

£   

TURNOVER 451,383

Cost of sales 34,662
GROSS PROFIT 416,721

Administrative expenses 227,878
OPERATING PROFIT and
PROFIT BEFORE TAXATION 188,843

Tax on profit 47,211
PROFIT FOR THE FINANCIAL PERIOD 141,632

Locked-In Self-Storage Ltd (Registered number: 14599106)

Balance Sheet
30 June 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 92,455

CURRENT ASSETS
Stocks 378
Prepayments and accrued income 6,512
Cash at bank and in hand 315,169
322,059
CREDITORS
Amounts falling due within one year 5 267,252
NET CURRENT ASSETS 54,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,262

CREDITORS
Amounts falling due after more than one
year

6

5,630
NET ASSETS 141,632

RESERVES
Retained earnings 141,632
141,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:




A G Fernback - Director


Locked-In Self-Storage Ltd (Registered number: 14599106)

Notes to the Financial Statements
for the Period 17 January 2023 to 30 June 2024

1. STATUTORY INFORMATION

Locked-In Self-Storage 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

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 period was 2 .

Locked-In Self-Storage Ltd (Registered number: 14599106)

Notes to the Financial Statements - continued
for the Period 17 January 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 92,455
At 30 June 2024 92,455
NET BOOK VALUE
At 30 June 2024 92,455

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 8,971
Taxation and social security 68,012
Other creditors 190,269
267,252

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Trade creditors 5,630

7. RELATED PARTY DISCLOSURES

At the end of 2024 this company was owed / (owing) the following amounts to related parties

2024
Big Padlock Limited (5,630 )