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REGISTERED NUMBER: 03699751 (England and Wales)















Self Storage Hire Ltd

Unaudited Financial Statements for the Year Ended 31 December 2024






Self Storage Hire Ltd (Registered number: 03699751)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Self Storage Hire Ltd

Company Information
for the Year Ended 31 December 2024







Director: S Sokalsky





Secretary: Ms L Sokalsky





Registered office: Porters Lane
Lenwade
Norfolk
NR9 5LR





Registered number: 03699751 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Self Storage Hire Ltd (Registered number: 03699751)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 241,449 273,627

Current assets
Stocks 906 1,068
Debtors 5 11,719 24,851
Cash at bank and in hand 46,651 33,977
59,276 59,896
Creditors
Amounts falling due within one year 6 57,887 71,167
Net current assets/(liabilities) 1,389 (11,271 )
Total assets less current liabilities 242,838 262,356

Creditors
Amounts falling due after more than one
year

7

(76,265

)

(99,999

)

Provisions for liabilities (23,412 ) (29,078 )
Net assets 143,161 133,279

Capital and reserves
Called up share capital 1 1
Retained earnings 143,160 133,278
Shareholders' funds 143,161 133,279

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 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.

Self Storage Hire Ltd (Registered number: 03699751)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 July 2025 and were signed by:





S Sokalsky - Director


Self Storage Hire Ltd (Registered number: 03699751)

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

1. Statutory information

Self Storage Hire Ltd 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.

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.
Freehold property - 4% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on cost

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 initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

Self Storage Hire Ltd (Registered number: 03699751)

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

3. Employees and directors

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

4. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 January 2024 142,260 383,638 54,367 580,265
Additions - 18,317 - 18,317
Disposals - (8,504 ) - (8,504 )
At 31 December 2024 142,260 393,451 54,367 590,078
Depreciation
At 1 January 2024 21,673 232,918 52,047 306,638
Charge for year 2,357 40,665 1,095 44,117
Eliminated on disposal - (2,126 ) - (2,126 )
At 31 December 2024 24,030 271,457 53,142 348,629
Net book value
At 31 December 2024 118,230 121,994 1,225 241,449
At 31 December 2023 120,587 150,720 2,320 273,627

5. Debtors: amounts falling due within one year
31/12/24 31/12/23
£    £   
Trade debtors 10,811 11,251
Other debtors 908 13,600
11,719 24,851

6. Creditors: amounts falling due within one year
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 28,733 28,733
Trade creditors 4,866 28,820
Taxation and social security 22,394 11,667
Other creditors 1,894 1,947
57,887 71,167

7. Creditors: amounts falling due after more than one year
31/12/24 31/12/23
£    £   
Bank loans 76,265 99,999

Self Storage Hire Ltd (Registered number: 03699751)

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

8. Related party disclosures

As at 01 January 2024, there was a loan balance due to a close family member totalling £86,005. During the year the director made repayments totalling £7,000. As at 31 December 2024, the balance on the loan account was £79,005, as included within bank loans in note 8.

The loan is interest free and there is no set repayment period.