Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr R S T Sturdy 13/01/2017 30 April 2025 The principal activity of the Company during the financial year was the rental and hire of storage containers. 10562713 2024-12-31 10562713 bus:Director1 2024-12-31 10562713 2023-12-31 10562713 core:CurrentFinancialInstruments 2024-12-31 10562713 core:CurrentFinancialInstruments 2023-12-31 10562713 core:Non-currentFinancialInstruments 2024-12-31 10562713 core:Non-currentFinancialInstruments 2023-12-31 10562713 core:ShareCapital 2024-12-31 10562713 core:ShareCapital 2023-12-31 10562713 core:RetainedEarningsAccumulatedLosses 2024-12-31 10562713 core:RetainedEarningsAccumulatedLosses 2023-12-31 10562713 core:PlantMachinery 2023-12-31 10562713 core:OfficeEquipment 2023-12-31 10562713 core:PlantMachinery 2024-12-31 10562713 core:OfficeEquipment 2024-12-31 10562713 2024-01-01 2024-12-31 10562713 bus:FilletedAccounts 2024-01-01 2024-12-31 10562713 bus:SmallEntities 2024-01-01 2024-12-31 10562713 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10562713 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10562713 bus:Director1 2024-01-01 2024-12-31 10562713 core:PlantMachinery core:BottomRangeValue 2024-01-01 2024-12-31 10562713 core:PlantMachinery core:TopRangeValue 2024-01-01 2024-12-31 10562713 core:OfficeEquipment core:TopRangeValue 2024-01-01 2024-12-31 10562713 2023-01-01 2023-12-31 10562713 core:PlantMachinery 2024-01-01 2024-12-31 10562713 core:OfficeEquipment 2024-01-01 2024-12-31 10562713 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 10562713 (England and Wales)

STURDY STORAGE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

STURDY STORAGE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

STURDY STORAGE LIMITED

BALANCE SHEET

As at 31 December 2024
STURDY STORAGE LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 119,646 101,561
119,646 101,561
Current assets
Debtors 4 7,876 2,811
Cash at bank and in hand 9,706 11,122
17,582 13,933
Creditors: amounts falling due within one year 5 ( 31,641) ( 18,227)
Net current liabilities (14,059) (4,294)
Total assets less current liabilities 105,587 97,267
Creditors: amounts falling due after more than one year 6 ( 13,135) ( 13,806)
Provision for liabilities ( 22,733) ( 19,297)
Net assets 69,719 64,164
Capital and reserves
Called-up share capital 100 100
Profit and loss account 69,619 64,064
Total shareholder's funds 69,719 64,164

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Sturdy Storage Limited (registered number: 10562713) were approved and authorised for issue by the Director on 30 April 2025. They were signed on its behalf by:

Mr R S T Sturdy
Director
STURDY STORAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
STURDY STORAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Sturdy Storage 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 Bean Hill Barn, Witham Friary, Frome, BA11 5HD, 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 value of rent received during the year, net of Value Added Tax and trade discounts. Where turnover is invoiced in advance, this is deferred to the extent that the rental period has not elapsed at the period end. To the extent that rent due under contract has not been received, the amount is recognised as turnover and included in debtors.

Taxation

Current tax
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered on current or future taxable profit.

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 basis over its expected useful life, as follows:

Plant and machinery 5 - 12 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 Statement of Income and Retained Earnings 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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 January 2024 131,067 4,732 135,799
Additions 32,555 780 33,335
At 31 December 2024 163,622 5,512 169,134
Accumulated depreciation
At 01 January 2024 32,081 2,157 34,238
Charge for the financial year 13,921 1,329 15,250
At 31 December 2024 46,002 3,486 49,488
Net book value
At 31 December 2024 117,620 2,026 119,646
At 31 December 2023 98,986 2,575 101,561

4. Debtors

2024 2023
£ £
Trade debtors 7,677 2,134
Prepayments 199 677
7,876 2,811

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 1,762 1,718
Trade creditors 10,214 3,210
Accruals 1,925 1,825
Taxation and social security 9,964 7,955
Obligations under finance leases and hire purchase contracts 7,776 3,519
31,641 18,227

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

2024 2023
£ £
Bank loans 899 2,662
Obligations under finance leases and hire purchase contracts 12,236 11,144
13,135 13,806

There are no amounts on the bank loan above which any security has been given by the entity. The hire purchase contracts have security on the assets purchased by the entity.