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REGISTERED NUMBER: 10208879 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Hereford Self Storage Ltd

Hereford Self Storage Ltd (Registered number: 10208879)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hereford Self Storage Ltd

Company Information
for the year ended 31 August 2024







Directors: T B M David
A R Howell
S A Howell





Registered office: Lloyd George House
Fordshill Road
Rotherwas Ind Estate
Hereford
HR2 6NS





Registered number: 10208879 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Hereford Self Storage Ltd (Registered number: 10208879)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,725 2,300

CURRENT ASSETS
Debtors 6 25,634 24,653
Cash at bank and in hand 82,048 102,304
107,682 126,957
CREDITORS
Amounts falling due within one year 7 (51,204 ) (64,632 )
NET CURRENT ASSETS 56,478 62,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,203

64,625

PROVISIONS FOR LIABILITIES (431 ) (575 )
NET ASSETS 57,772 64,050

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 57,769 64,047
SHAREHOLDERS' FUNDS 57,772 64,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Hereford Self Storage Ltd (Registered number: 10208879)

Balance Sheet - continued
31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:





S A Howell - Director


Hereford Self Storage Ltd (Registered number: 10208879)

Notes to the Financial Statements
for the year ended 31 August 2024


1. STATUTORY INFORMATION

Hereford Self Storage Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Lloyd George House, Fordshill Road, Rotherwas Ind Estate, Hereford, Herefordshire, England, HR2 6NS.

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 financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for rental services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets
Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Hereford Self Storage Ltd (Registered number: 10208879)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
At 1 September 2023
and 31 August 2024 12,454
Depreciation
At 1 September 2023 10,154
Charge for year 575
At 31 August 2024 10,729
Net book value
At 31 August 2024 1,725
At 31 August 2023 2,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,295 (1,480 )
Other debtors 21,339 26,133
25,634 24,653

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 25,490 356
Taxation and social security 13,051 3,044
Other creditors 12,663 61,232
51,204 64,632

Hereford Self Storage Ltd (Registered number: 10208879)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3