1 December 2023 false No description of principal activity Taxfiler 2024.6 SC680282business:PrivateLimitedCompanyLtd2023-12-012024-11-30 SC6802822023-11-30 SC6802822023-12-012024-11-30 SC680282business:AuditExempt-NoAccountantsReport2023-12-012024-11-30 SC680282business:FilletedAccounts2023-12-012024-11-30 SC6802822024-11-30 SC6802822023-11-30 SC680282core:WithinOneYear2024-11-30 SC680282core:WithinOneYear2023-11-30 SC680282core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 SC680282core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 SC680282core:PreviouslyStatedAmount2024-11-30 SC680282core:PreviouslyStatedAmount2023-11-30 SC680282business:SmallEntities2023-12-012024-11-30 SC680282business:Director22023-12-012024-11-30 SC680282countries:Scotland2023-12-012024-11-30 SC680282business:RegisteredOffice2023-12-012024-11-30 SC680282core:LandBuildings2023-12-012024-11-30 SC680282core:PlantMachinery2023-12-012024-11-30 SC680282core:MotorVehicles2023-12-012024-11-30 SC680282core:FurnitureFittings2023-12-012024-11-30 SC680282core:ComputerEquipment2023-12-012024-11-30 SC680282core:LandBuildings2023-11-30 SC680282core:PlantMachinery2023-11-30 SC680282core:FurnitureFittings2023-11-30 SC680282core:LandBuildings2024-11-30 SC680282core:PlantMachinery2024-11-30 SC680282core:FurnitureFittings2024-11-30 SC6802822022-12-012023-11-30 iso4217:GBP xbrli:pure
STORAGE123 LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
91,725 
97,800 
Current assets
Debtors
1,499 
104 
Cash at bank and in hand
3,907 
4,667 
5,406 
4,771 
Creditors: amounts falling due within one year
(83,109)
(92,481)
Net current liabilities
(77,703)
(87,710)
Net assets
14,022 
10,090 
Capital and reserves
Profit and loss account
14,022 
10,090 
Shareholders' funds
14,022 
10,090 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by
NARBUTIS Arturas Director Company Registration No. SC680282
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STORAGE123 LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
STORAGE123 LTD is a private company, limited by shares, registered in Scotland, registration number SC680282. The registered office is 29 NEWTON ROAD, NEWTONHILL, STONEHAVEN, AB39 3TU, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 November 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25%
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
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STORAGE123 LTD Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
45,000 
9,079 
77,560 
131,639 
Additions
- 
- 
9,500 
9,500 
At 30 November 2024
45,000 
9,079 
87,060 
141,139 
Depreciation
At 1 December 2023
- 
2,924 
30,915 
33,839 
Charge for the year
- 
1,539 
14,036 
15,575 
At 30 November 2024
- 
4,463 
44,951 
49,414 
Net book value
At 30 November 2024
45,000 
4,616 
42,109 
91,725 
At 30 November 2023
45,000 
6,155 
46,645 
97,800 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,199 
(196)
Other debtors
300 
300 
1,499 
104 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(2,451)
(9,444)
Trade creditors
96 
96 
Loans from directors
85,464 
101,829 
83,109 
92,481 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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