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REGISTERED NUMBER: SC525859 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

J R Storage Limited
J R Storage Limited (Registered number: SC525859)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


J R Storage Limited (Registered number: SC525859)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 60,994 65,759

CURRENT ASSETS
Debtors 5 27,684 8,341
Cash at bank 8,418 16,146
36,102 24,487
CREDITORS
Amounts falling due within one year 6 (89,853 ) (72,655 )
NET CURRENT LIABILITIES (53,751 ) (48,168 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,243
17,591

CREDITORS
Amounts falling due after more than one
year
7
(7,000
)
(13,000
)
NET ASSETS 243 4,591

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 241 4,589
243 4,591

The notes form part of these financial statements

Page 1 continued...
J R Storage Limited (Registered number: SC525859)

Balance Sheet - continued
31 January 2025


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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:




Mr J J Roseweir - Director



Mrs S Roseweir - Director


The notes form part of these financial statements

Page 2
J R Storage Limited (Registered number: SC525859)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

J R Storage Limited is a private company, limited by shares, domiciled in Scotland, registration number SC525859. The registered office is Unit 2 West, South Bridgend, Crieff, PH7 4DJ.

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.

Turnover
Turnover represents net invoiced sales of goods and services in respect of the provision of storage facilities, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Fixtures and fittings - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all
tangible fixed assets are depreciated to nil value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Page 3 continued...
J R Storage Limited (Registered number: SC525859)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 February 2024
and 31 January 2025 76,078 13,017 89,095
DEPRECIATION
At 1 February 2024 14,160 9,176 23,336
Charge for year 3,804 961 4,765
At 31 January 2025 17,964 10,137 28,101
NET BOOK VALUE
At 31 January 2025 58,114 2,880 60,994
At 31 January 2024 61,918 3,841 65,759

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 7,975 8,341
Other debtors 19,709 -
27,684 8,341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 1,525 4,847
Amounts owed to related parties 52,360 35,648
Taxation and social security 18,647 14,343
Other creditors 11,321 11,817
89,853 72,655

Page 4 continued...
J R Storage Limited (Registered number: SC525859)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 7,000 13,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
Mr J J Roseweir and Mrs S Roseweir
Balance outstanding at start of year - -
Amounts advanced 14,736 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,736 -

Page 5