Storm Interior Systems Limited 31/12/2024 iXBRL

Company registration number: 14539485

Storm Interior Systems Limited

Unaudited filleted financial statements

For the year ended

31 December 2024

Storm Interior Systems Limited

Contents

Statement of financial position

Notes to the financial statements

Storm Interior Systems Limited

Statement of financial position

31 December 2024

		31/12/24		31/12/23
	Note	£	£	£	£

Fixed assets
Tangible assets	3	26,446		19,529
		________		________
			26,446		19,529

Current assets
Stocks		500		500
Debtors	4	639,297		368,401
Cash at bank and in hand		150,340		86,381
		________		________
		790,137		455,282
Creditors: amounts falling due
within one year	5	( 174,154)		( 144,028)
		________		________
Net current assets			615,983		311,254
			________		________
Total assets less current liabilities			642,429		330,783


Provisions for liabilities			( 4,882)		( 4,287)

			________		________
Net assets			637,547		326,496
			________		________

Capital and reserves
Called up share capital			1		1
Profit and loss account			637,546		326,495
			________		________
Shareholders funds			637,547		326,496
			________		________

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- 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 Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

Mr C J Salmon

Director

Company registration number: 14539485

Storm Interior Systems Limited

Notes to the financial statements

Year ended 31 December 2024

1. Accounting policies

General information

The company is a private company limited by shares, registered in England and Wales, registration number 14539485 . The address of the registered office is Phoenix House, Jacktrees Road, Cleator Moor, CA25 5BD.

Basis of preparation

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied with the same financial statements.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. It includes the relevant proportion of contract values where work is partially performed in the period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.

Defined contribution plans

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in comprehensive income when due.

2. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).

3. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2024	3,242	22,365	25,607
Additions	2,951	13,983	16,934
	________	________	________
At 31 December 2024	6,193	36,348	42,541
	________	________	________
Depreciation
At 1 January 2024	487	5,591	6,078
Charge for the year	930	9,087	10,017
	________	________	________
At 31 December 2024	1,417	14,678	16,095
	________	________	________
Carrying amount
At 31 December 2024	4,776	21,670	26,446
	________	________	________
At 31 December 2023	2,755	16,774	19,529
	________	________	________

4. Debtors

	31/12/24	31/12/23
	£	£
Trade debtors	392,264	177,785
Other debtors	247,033	190,616
	________	________
	639,297	368,401
	________	________

The debtors above include the following amounts falling due after more than one year:

	31/12/24	31/12/23
	£	£
Other debtors	3,654	25,506
	________	________

5. Creditors: amounts falling due within one year

	31/12/24	31/12/23
	£	£
Trade creditors	43,216	110,843
Taxation and social security	118,714	10,054
Directors loan account	3,913	16,830
Other creditors	8,311	6,301
	________	________
	174,154	144,028
	________	________

6. Pension commitments

The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £191 (2023 - £247) were due to the fund. They are included in other creditors.

7. Controlling party

The ultimate controlling party is Mr C J Salmon by virtue of his majority holding in Storm Interior Systems Holding Limited.