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Registered Number: NI071525
Northern Ireland
BUSINESS STORAGE PRODUCTS LIMITED
Unaudited Financial Statements
Period of accounts Start date: 01 February 2024 End date: 31 January 2025

Business Storage Products Limited Statement of Financial Position As at 31 January 2025
|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ | £ |  | £ | £
Fixed assets |  |  | 13,287 |  |  | 15,300
Current assets |  | 192,926 |  |  | 169,742 |
Creditors: amount falling due within one year |  | (166,216) |  |  | (135,421) |
Net current assets |  |  | 26,710 |  |  | 34,321
Total assets less current liabilities |  |  | 39,997 |  |  | 49,621
Creditors: amount falling due after more than one year |  |  | (35,333) |  |  | (43,333)
Net assets |  |  | 4,664 |  |  | 6,288
Capital and reserves |  |  | 4,664 |  |  | 6,288
NOTES TO THE ACCOUNTS General Information Business Storage Products Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI071525, registration address Unit 25 East Belfast Enterprise Park,, 308 Albertbridge Road,, Belfast, BT5 4GX.
1. | Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.
2. | Average number of employees Average number of employees during the year was 7 (2024 : 7).
3. | Related parties During the year the company entered into the following transactions with related parties:
| Amount due from/to related party |  | Provision for doubtful debt from the related party
--- | --- | --- | ---
| 2025 £ |  | 2024 £ |  | 2025 £ |  | 2024 £
Howard Boles and Karen Magowan | 264 |  | (26,591) |  | 0 |  | 0
Howard Boles and Karen Magowan are directors of the company. During the year ended 31 January 2023, the company made a loan to the directors. This was fully repaid at 31 January 2025.
For the 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. Directors' Responsibilities: The members have not required the company to obtain an audit of its accounts 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 accounts. These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies. The financial statements were approved by the board of directors on 15 October 2025 and were signed on its behalf by:
-------------------------------- Howard Boles Director | -------------------------------- Karen Magowan Director
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