Kettlebrook Self Storage Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12424677 (England and Wales)

KETTLEBROOK SELF STORAGE LIMITED

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Skerritt

REGISTERED OFFICE:

Hintsbrook

School Lane

Hints

Tamworth

Staffordshire

B78 3DP

REGISTERED NUMBER:

12424677 (England and Wales)

FIXED ASSETS

Intangible assets

4

148,958

176,458

Tangible assets

5

186,322

236,377

335,280

412,835

CURRENT ASSETS

Debtors

6

3,185

1,406

Cash at bank

1,280

18,017

4,465

19,423

CREDITORS

Amounts falling due within one year

7

356,016

462,311

NET CURRENT LIABILITIES

(351,551

)

(442,888

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,271

)

(30,053

)

CREDITORS

Amounts falling due after more than one year

8

(1,084

)

(3,505

)

PROVISIONS FOR LIABILITIES

(11,391

)

(20,885

)

NET LIABILITIES

(28,746

)

(54,443

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(28,747

)

(54,444

)

SHAREHOLDERS' FUNDS

(28,746

)

(54,443

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2025 and were signed by:

P J Skerritt - Director

1.	STATUTORY INFORMATION

Kettlebrook Self Storage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

As at the balance sheet date, the company had net current liabilities. However, included in creditors due within one year is an amount owed to the Director which although classed as repayable on demand, will not be requested for repayment until the company has sufficient funds. Accordingly, the Director considers the going concern basis of preparation to be appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

over 10 years and 30 years on cost

Fixtures and fittings

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

275,000

AMORTISATION

At 1 February 2024

98,542

Charge for year

27,500

At 31 January 2025

126,042

NET BOOK VALUE

At 31 January 2025

148,958

At 31 January 2024

176,458

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 February 2024

165,000

109,918

274,918

Disposals

(40,000

)

-

(40,000

)

At 31 January 2025

125,000

109,918

234,918

DEPRECIATION

At 1 February 2024

-

38,541

Charge for year

-

10,055

At 31 January 2025

-

48,596

NET BOOK VALUE

At 31 January 2025

125,000

61,322

186,322

At 31 January 2024

165,000

71,377

236,377

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

Trade debtors

1,455

-

Other debtors

1,730

1,406

3,185

1,406

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

Bank loans and overdrafts

2,600

Trade creditors

(1

)

-

Taxation and social security

3,393

-

Other creditors

350,024

459,711

356,016

462,311

Included in creditors due within one year is an amount owed to the Director. The loan is interest free, has no repayment date and is unsecured and therefore the loan is considered to be repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/25

31/1/24

£

Bank loans

1,084

3,505