Company registration number SC809795 (Scotland)
SIMPLE SELFSTORE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
SIMPLE SELFSTORE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SIMPLE SELFSTORE LTD
BALANCE SHEET
- 1 -
2025
Notes
£
£
Fixed assets
Tangible assets
3
135,248
Current assets
Debtors
4
8,226
Cash at bank and in hand
7,398
15,624
Creditors: amounts falling due within one year
5
(17,197)
Net current liabilities
(1,573)
Total assets less current liabilities
133,675
Creditors: amounts falling due after more than one year
6
(289,900)
Net liabilities
(156,225)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(156,325)
Total equity
(156,225)
For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 19 September 2025 and are signed on its behalf by:
Mr D J McCutcheon
Director
Company registration number SC809795 (Scotland)
SIMPLE SELFSTORE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information
Simple Selfstore Ltd is a private company limited by shares incorporated in Scotland. The registered office is 6th Floor, Gordon Chambers, 90 Mitchell Street, Glasgow, Scotland, G1 3NQ.
1.1
Basis of preparation
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance
Computers
33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
Number
Total
2
SIMPLE SELFSTORE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 8 May 2024
Additions
179,701
706
180,407
At 31 May 2025
179,701
706
180,407
Depreciation and impairment
At 8 May 2024
Depreciation charged in the year
44,926
233
45,159
At 31 May 2025
44,926
233
45,159
Carrying amount
At 31 May 2025
134,775
473
135,248
4
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
4,814
Other debtors
3,412
8,226
5
Creditors: amounts falling due within one year
2025
£
Trade creditors
14,629
Taxation and social security
1,568
Other creditors
1,000
17,197
6
Creditors: amounts falling due after more than one year
2025
£
Other creditors
289,900