Business Storage Products Limited

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.

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).

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

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