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REGISTERED NUMBER: 09837061 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Storage Solutions (MGA) Limited

Storage Solutions (MGA) Limited (Registered number: 09837061)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Storage Solutions (MGA) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: N K Brace
Mrs J Brace





SECRETARY: Crossley and Co.





REGISTERED OFFICE: 122 Winchcombe Street
Cheltenham
Gloucestershire
GL52 2NW





REGISTERED NUMBER: 09837061 (England and Wales)





ACCOUNTANTS: Crossley and Co.
122 Winchcombe Street
Cheltenham
Gloucestershire
GL52 2NW

Storage Solutions (MGA) Limited (Registered number: 09837061)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,000 134,994

CURRENT ASSETS
Debtors 5 9,848 13,982
Cash at bank and in hand 10,452 49,982
20,300 63,964
CREDITORS
Amounts falling due within one year 6 12,355 7,842
NET CURRENT ASSETS 7,945 56,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,945

191,116

CREDITORS
Amounts falling due after more than one year 7 33,917 134,389
NET ASSETS 104,028 56,727

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 9 104,025 56,724
SHAREHOLDERS' FUNDS 104,028 56,727

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 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 Solutions (MGA) Limited (Registered number: 09837061)

Balance Sheet - 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by:





N K Brace - Director


Storage Solutions (MGA) Limited (Registered number: 09837061)

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

1. STATUTORY INFORMATION

Storage Solutions (MGA) 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 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.
Short leasehold - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

Storage Solutions (MGA) Limited (Registered number: 09837061)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 November 2023 90,048 25,691 13,371
Additions - 6,000 -
Disposals - - -
At 31 October 2024 90,048 31,691 13,371
DEPRECIATION
At 1 November 2023 38,289 13,169 7,140
Charge for year 9,048 3,704 1,246
Eliminated on disposal - - -
At 31 October 2024 47,337 16,873 8,386
NET BOOK VALUE
At 31 October 2024 42,711 14,818 4,985
At 31 October 2023 51,759 12,522 6,231

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 95,657 407 225,174
Additions 67,842 - 73,842
Disposals (63,717 ) - (63,717 )
At 31 October 2024 99,782 407 235,299
DEPRECIATION
At 1 November 2023 31,480 102 90,180
Charge for year 13,660 204 27,862
Eliminated on disposal (12,743 ) - (12,743 )
At 31 October 2024 32,397 306 105,299
NET BOOK VALUE
At 31 October 2024 67,385 101 130,000
At 31 October 2023 64,177 305 134,994

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 9,848 13,982

Storage Solutions (MGA) Limited (Registered number: 09837061)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 3,043 -
Social security and other taxes 41 -
VAT 7,801 6,702
Accrued expenses 1,470 1,140
12,355 7,842

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Directors' loan accounts 33,917 134,389

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary £1 2 2
1 A Ordinary £1 1 1
3 3

9. RESERVES
Retained
earnings
£   

At 1 November 2023 56,724
Profit for the year 48,801
Dividends (1,500 )
At 31 October 2024 104,025