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Registration number: 10268593

U-Store Harbury Lane Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

U-Store Harbury Lane Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

U-Store Harbury Lane Limited

Company Information

Directors

Mr Steven James Norbury

Mr Harry Jones

Registered office

Hobsons Choice
Harbury Lane
Bishops Tachbrook
Leamington Spa
Warwickshire
CV33 9SA

Accountants

John Holmes-Accountant 3 Vermont Grove
Leamington Spa
Warwickshire
CV31 1SE

 

U-Store Harbury Lane Limited

(Registration number: 10268593)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

144,387

126,275

Current assets

 

Debtors

5

45,000

75,000

Cash at bank and in hand

 

1,987

10,648

 

46,987

85,648

Creditors: Amounts falling due within one year

6

(9,829)

(501)

Net current assets

 

37,158

85,147

Total assets less current liabilities

 

181,545

211,422

Creditors: Amounts falling due after more than one year

6

(110,508)

(120,584)

Net assets

 

71,037

90,838

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

71,035

90,836

Shareholders' funds

 

71,037

90,838

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 May 2025 and signed on its behalf by:
 

 

U-Store Harbury Lane Limited

(Registration number: 10268593)
Balance Sheet as at 31 July 2024

.........................................
Mr Harry Jones
Director

 

U-Store Harbury Lane Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Hobsons Choice
Harbury Lane
Bishops Tachbrook
Leamington Spa
Warwickshire
CV33 9SA

These financial statements were authorised for issue by the Board on 27 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

U-Store Harbury Lane Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Equipment

20.00% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

U-Store Harbury Lane Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

U-Store Harbury Lane Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

528,504

528,504

Additions

89,100

89,100

At 31 July 2024

617,604

617,604

Depreciation

At 1 August 2023

402,229

402,229

Charge for the year

70,988

70,988

At 31 July 2024

473,217

473,217

Carrying amount

At 31 July 2024

144,387

144,387

At 31 July 2023

126,275

126,275

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

75,000

Other debtors

45,000

-

 

45,000

75,000

6

Creditors

Creditors: amounts falling due within one year

 

U-Store Harbury Lane Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

2024
£

2023
£

Due within one year

Taxation and social security

8,828

-

Accruals and deferred income

1,000

500

Other creditors

1

1

9,829

501

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

110,508

120,584

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

2

2

2

2

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

19,753

29,829

Other borrowings

90,755

90,755

110,508

120,584