Company registration number 09407267 (England and Wales)
SAFEGUARD SELF STORAGE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
SAFEGUARD SELF STORAGE LTD
COMPANY INFORMATION
Director
Mr J R Harverson
Secretary
Mr I D Cameron
Company number
09407267
Registered office
Alpha Place
Garth Road
Morden
Surrey
England
SM4 4LX
Accountants
Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
United Kingdom
ME10 5BH
SAFEGUARD SELF STORAGE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SAFEGUARD SELF STORAGE LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
131,948
112,217
Current assets
Debtors
4
28,253
14,540
Cash at bank and in hand
12,189
5,550
40,442
20,090
Creditors: amounts falling due within one year
5
(81,894)
(42,685)
Net current liabilities
(41,452)
(22,595)
Total assets less current liabilities
90,496
89,622
Creditors: amounts falling due after more than one year
6
(1,500)
(6,367)
Provisions for liabilities
(18,873)
(17,313)
Net assets
70,123
65,942
Capital and reserves
Called up share capital
2
2
Revaluation reserve
7
67,812
67,812
Profit and loss reserves
2,309
(1,872)
Total equity
70,123
65,942
SAFEGUARD SELF STORAGE LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 2 -

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his 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 director of the company has 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 22 September 2025 and are signed on its behalf by:
Mr J R Harverson
Director
Company registration number 09407267 (England and Wales)
SAFEGUARD SELF STORAGE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Safeguard Self Storage Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Alpha Place, Garth Road, Morden, Surrey, England, SM4 4LX.

1.1
Accounting convention

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- storage facilities

1.3
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:

Leasehold land and buildings
16.67% Straight Line
Plant and Machinery
10% Straight Line
Fixtures and fittings
10% Straight Line
IT Equipment
25% 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.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

SAFEGUARD SELF STORAGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases
As lessee
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
3
SAFEGUARD SELF STORAGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
3
Tangible fixed assets
Leasehold land and buildings
Plant and Machinery
Fixtures and fittings
IT Equipment
Total
£
£
£
£
£
Cost
At 1 February 2024
2,016
124,601
3,950
991
131,558
Additions
-
0
33,736
-
0
558
34,294
At 31 January 2025
2,016
158,337
3,950
1,549
165,852
Depreciation and impairment
At 1 February 2024
1,344
15,300
1,975
722
19,341
Depreciation charged in the year
336
13,514
395
318
14,563
At 31 January 2025
1,680
28,814
2,370
1,040
33,904
Carrying amount
At 31 January 2025
336
129,523
1,580
509
131,948
At 31 January 2024
672
109,301
1,975
269
112,217
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
8,142
11,934
Other debtors
20,111
2,606
28,253
14,540
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
4,500
4,500
Trade creditors
1,184
374
Corporation tax
(8)
65
Other taxation and social security
2,328
3,099
Other creditors
73,890
34,647
81,894
42,685
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,500
6,367
SAFEGUARD SELF STORAGE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
7
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
67,812
67,812
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