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REGISTERED NUMBER: 11139762 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

24-7 Self Store Ltd

24-7 Self Store Ltd (Registered number: 11139762)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


24-7 Self Store Ltd (Registered number: 11139762)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £ £
Fixed assets
Tangible assets 5 34,614 43,508

Current assets
Stocks - 829
Debtors 6 11,007 507
Cash at bank and in hand 29,524 29,234
40,531 30,570
Creditors
Amounts falling due within one year 7 (44,542 ) (31,452 )
Net current liabilities (4,011 ) (882 )
Total assets less current liabilities 30,603 42,626

Provisions for liabilities (8,013 ) (10,063 )
Net assets 22,590 32,563

Capital and reserves
Called up share capital 10 10
Retained earnings 22,580 32,553
22,590 32,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

24-7 Self Store Ltd (Registered number: 11139762)

Balance Sheet - continued
31 January 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:





Mr P Stafford - Director


24-7 Self Store Ltd (Registered number: 11139762)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. Statutory information

24-7 Self Store Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11139762

Registered office: 26 Rollesby Road
Hardwick Industrial Estate
King's Lynn
Norfolk
PE30 4LS

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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 the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% p.a. reducing balance
Computer equipment - 25% p.a. reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

24-7 Self Store Ltd (Registered number: 11139762)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


24-7 Self Store Ltd (Registered number: 11139762)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


3. Accounting policies - continued
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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employees and directors

The average number of employees during the year was 4 (2024 - 5 ) .

5. Tangible fixed assets
Short Plant and Computer
leasehold machinery equipment Totals
£ £ £ £
Cost
At 1 February 2024 23,032 89,414 12,256 124,702
Additions - - 874 874
At 31 January 2025 23,032 89,414 13,130 125,576
Depreciation
At 1 February 2024 8,831 63,817 8,546 81,194
Charge for year 2,303 6,399 1,066 9,768
At 31 January 2025 11,134 70,216 9,612 90,962
Net book value
At 31 January 2025 11,898 19,198 3,518 34,614
At 31 January 2024 14,201 25,597 3,710 43,508

24-7 Self Store Ltd (Registered number: 11139762)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


6. Debtors: amounts falling due within one year
31.1.25 31.1.24
£ £
Other debtors 11,007 507

7. Creditors: amounts falling due within one year
31.1.25 31.1.24
£ £
Trade creditors 89 6,764
Taxation and social security 12,604 3,345
Other creditors 31,849 21,343
44,542 31,452

8. Leasing agreements
As lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
Operating leases
31.1.25 31.1.24
£ £
Between two and five years 125,000 175,000
125,000 175,000