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REGISTERED NUMBER: 01726230 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Storage City Limited

Storage City Limited (Registered number: 01726230)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Storage City Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M S Oldershaw
S H Oldershaw
C G Smith





REGISTERED OFFICE: Export Drive
Fulwood Industrial Estate
Sutton In Ashfield
Nottinghamshire
NG17 6AF





REGISTERED NUMBER: 01726230 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

Storage City Limited (Registered number: 01726230)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 71,566 69,322

CURRENT ASSETS
Debtors 5 310,354 230,180
Cash at bank and in hand 196,936 123,257
507,290 353,437
CREDITORS
Amounts falling due within one year 6 (175,772 ) (130,691 )
NET CURRENT ASSETS 331,518 222,746
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,084

292,068

PROVISIONS FOR LIABILITIES (16,361 ) (15,995 )
NET ASSETS 386,723 276,073

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 376,723 266,073
SHAREHOLDERS' FUNDS 386,723 276,073

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

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

Storage City Limited (Registered number: 01726230)

Balance Sheet - continued
31 December 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 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 16 May 2025 and were signed on its behalf by:




M S Oldershaw - Director



S H Oldershaw - Director


Storage City Limited (Registered number: 01726230)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Storage City Limited 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

Storage City Limited (Registered number: 01726230)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 year was 4 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 211,577
Additions 15,615
Disposals (3,200 )
At 31 December 2024 223,992
DEPRECIATION
At 1 January 2024 142,255
Charge for year 13,371
Eliminated on disposal (3,200 )
At 31 December 2024 152,426
NET BOOK VALUE
At 31 December 2024 71,566
At 31 December 2023 69,322

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 87,508 70,063
Amounts owed by group undertakings 221,106 159,981
Other debtors 1,740 136
310,354 230,180

Storage City Limited (Registered number: 01726230)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 3,028 5,912
Amounts owed to group undertakings 44,353 -
Taxation and social security 69,100 64,778
Other creditors 59,291 60,001
175,772 130,691

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 12,881 10,471
Between one and five years 12,883 8,041
25,764 18,512

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
10,000 Ordinary £1 10,000 10,000

9. CONTINGENT LIABILITIES

The company has given a guarantee to National Westminster Bank Plc in respect of the borrowings of it's parent undertaking, TPS Group Holdings (S-in-A) Limited, limited to £200,000 (2023 - £200,000).

10. ULTIMATE PARENT COMPANY

Oldershaw Holdings Limited is regarded by the directors as being the company's ultimate parent company.