Hemel Hempstead Storage Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04562828

Hemel Hempstead Storage Limited

Filleted Unaudited Financial Statements

31 December 2024

Hemel Hempstead Storage Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	4	–	41,175

Current assets

Stocks		307	237
Debtors	5	102,537	97,269
Cash at bank and in hand		832	27,392
		---------	---------
		103,676	124,898

Creditors: amounts falling due within one year	6	634,992	619,047
		---------	---------
Net current liabilities		531,316	494,149
		---------	---------
Total assets less current liabilities		( 531,316)	( 452,974)

Creditors: amounts falling due after more than one year	7	9,829	19,988
		---------	---------
Net liabilities		( 541,145)	( 472,962)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 541,245)	( 473,062)
	---------	---------
Shareholders deficit	( 541,145)	( 472,962)
	---------	---------

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 income and retained earnings has not been delivered.

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 .

Hemel Hempstead Storage Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 3 September 2025 , and are signed on behalf of the board by:

Mr M Aldrich

Director

Company registration number: 04562828

Hemel Hempstead Storage Limited

Accounting Policies

Year ended 31 December 2024

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover represents the value, net of Value Added Tax, of goods sold and services provided to customers.

Taxation

Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Tangible assets

Tangible assets are initially recorded at cost, and 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:

Leasehold property	-	Over the term of the lease
Plant and machinery	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

Hemel Hempstead Storage Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 45 Maylands Avenue, Hemel Hempstead, Herts, HP2 7DF.

2. Statement of compliance

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

3. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2023: 8 ).

4. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	381,561	67,360	448,921
	---------	--------	---------
Depreciation
At 1 January 2024	340,882	66,864	407,746
Charge for the year	40,679	496	41,175
	---------	--------	---------
At 31 December 2024	381,561	67,360	448,921
	---------	--------	---------
Carrying amount
At 31 December 2024	–	–	–
	---------	--------	---------
At 31 December 2023	40,679	496	41,175
	---------	--------	---------

5. Debtors

	2024	2023
	£	£
Trade debtors	55,863	44,658
Other debtors	46,674	52,611
	---------	--------
	102,537	97,269
	---------	--------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,048	9,898
Trade creditors	247,688	245,673
Social security and other taxes	11,282	9,235
Other creditors	365,974	354,241
	---------	---------
	634,992	619,047
	---------	---------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	9,829	19,988
	-------	--------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	–	200,000
	----	---------