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REGISTERED NUMBER: SC143317 (Scotland)















Financial Statements For The Year Ended 31 October 2024

for

By Storm Limited

By Storm Limited (Registered number: SC143317)






Contents of the Financial Statements
For The Year Ended 31 October 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


By Storm Limited

Company Information
For The Year Ended 31 October 2024







DIRECTOR: Mrs J M Young





SECRETARY: P M A Bhuglah





REGISTERED OFFICE: Unit 1 1987 Maryhill Road
Glasgow
G20 0BT





REGISTERED NUMBER: SC143317 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

By Storm Limited (Registered number: SC143317)

Abridged Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 117,942 131,710

CURRENT ASSETS
Stocks 100,000 102,000
Debtors 86,101 73,130
Cash at bank and in hand 4,844 1,911
190,945 177,041
CREDITORS
Amounts falling due within one year 264,695 255,259
NET CURRENT LIABILITIES (73,750 ) (78,218 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,192

53,492

CREDITORS
Amounts falling due after more than one
year

11,731

20,929
NET ASSETS 32,461 32,563

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 2,461 2,563
32,461 32,563

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

By Storm Limited (Registered number: SC143317)

Abridged Statement of Financial Position - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





Mrs J M Young - Director


By Storm Limited (Registered number: SC143317)

Notes to the Financial Statements
For The Year Ended 31 October 2024

1. 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 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 each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 16 ) .

By Storm Limited (Registered number: SC143317)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023
and 31 October 2024 531,635
DEPRECIATION
At 1 November 2023 399,925
Charge for year 13,768
At 31 October 2024 413,693
NET BOOK VALUE
At 31 October 2024 117,942
At 31 October 2023 131,710

4. RELATED PARTY DISCLOSURES

During the period of accounts a transaction occurred between this company and a related party, Mrs J Young. The relationship between the parties is Director. At the balance sheet date the company was owed £3,963 by the related party, ( 2023:- £8,037 was owed to the related party ).

The ultimate controlling party is Mrs J M Young.