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REGISTERED NUMBER: 02024573 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

EXTRASPACE INDUSTRIES LIMITED

EXTRASPACE INDUSTRIES LIMITED (REGISTERED NUMBER: 02024573)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EXTRASPACE INDUSTRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: N R G Wren





REGISTERED OFFICE: 34-40 High Street
Wanstead
London
E11 2RJ





REGISTERED NUMBER: 02024573 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ

EXTRASPACE INDUSTRIES LIMITED (REGISTERED NUMBER: 02024573)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 131,847 116,254

CURRENT ASSETS
Stocks 491,828 482,008
Debtors 5 285,141 270,190
Cash at bank and in hand 435,231 456,879
1,212,200 1,209,077
CREDITORS
Amounts falling due within one year 6 244,527 201,896
NET CURRENT ASSETS 967,673 1,007,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,099,520

1,123,435

PROVISIONS FOR LIABILITIES 24,965 16,560
NET ASSETS 1,074,555 1,106,875

CAPITAL AND RESERVES
Called up share capital 200 200
Capital redemption reserve 200 200
Retained earnings 1,074,155 1,106,475
SHAREHOLDERS' FUNDS 1,074,555 1,106,875

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 June 2025 and were signed by:





N R G Wren - Director


EXTRASPACE INDUSTRIES LIMITED (REGISTERED NUMBER: 02024573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Extraspace Industries 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.

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


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.

Revenue recognition
Revenue represents net invoiced sales of goods, excluding value added tax. Where a project has only been partially completed at the balance sheet date revenue represents the value of the goods supplied to date based on a proportion of the total consideration at completion.

Revenue is recognised when goods are delivered to the customer, such that the risks and rewards of ownership have passed to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost, 5% on cost and Straight line over 3 years
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Depreciation commences in the month of acquisition.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for impairment of obsolete or slow moving items.

Cost is determined on the first-in, first-out (FIFO) method. Cost includes the purchase price, including taxes and duties, transport and handling directly attributable to bringing the stock to its present location and condition.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

EXTRASPACE INDUSTRIES LIMITED (REGISTERED NUMBER: 02024573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


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.

Operating lease commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 2,898 157,974 303,417 15,945 480,234
Additions - 7,519 64,695 - 72,214
Disposals - (2,561 ) (23,288 ) - (25,849 )
At 31 March 2025 2,898 162,932 344,824 15,945 526,599
DEPRECIATION
At 1 April 2024 594 123,586 227,136 12,664 363,980
Charge for year 579 7,341 36,243 1,815 45,978
Eliminated on disposal - (482 ) (14,724 ) - (15,206 )
At 31 March 2025 1,173 130,445 248,655 14,479 394,752
NET BOOK VALUE
At 31 March 2025 1,725 32,487 96,169 1,466 131,847
At 31 March 2024 2,304 34,388 76,281 3,281 116,254

5. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors 245,944 242,149
Other debtors 6,000 -
Prepayments and accrued income 31,197 26,041
283,141 268,190

Amounts falling due after more than one year:
Other debtors 2,000 2,000

Aggregate amounts 285,141 270,190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 196,442 135,505
Corporation tax 7,997 23,043
Social security and other taxes 28,672 21,673
Directors' current account - 7,000
Accrued expenses 11,416 14,675
244,527 201,896

EXTRASPACE INDUSTRIES LIMITED (REGISTERED NUMBER: 02024573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 58,773 58,773
Between one and five years 58,773 117,546
117,546 176,319

8. RELATED PARTY DISCLOSURES

Included in creditors was a balance of £nil (2024: £7,000) owed to a director of the company. This loan was interest free and repayable on demand.