REGISTERED NUMBER: 06444088 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Sinclair Storage Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Sinclair

SECRETARY:

Mrs K Sinclair

REGISTERED OFFICE:

5a Woolpack Close

Rowley Regis

West Midlands

B65 8HY

REGISTERED NUMBER:

06444088 (England and Wales)

ACCOUNTANTS:

Pride Accountants

Polymer Court

Hope Street

Dudley

West Midlands

DY2 8RS

FIXED ASSETS

Tangible assets

4

20,768

14,292

CURRENT ASSETS

Stocks

740

-

Debtors

5

70,712

57,780

Cash at bank

-

10,307

71,452

68,087

CREDITORS

Amounts falling due within one year

6

51,746

39,432

NET CURRENT ASSETS

19,706

28,655

TOTAL ASSETS LESS CURRENT LIABILITIES

40,474

42,947

CREDITORS

Amounts falling due after more than one year

7

(23,804

)

(28,668

)

PROVISIONS FOR LIABILITIES

9

(5,192

)

(2,716

)

NET ASSETS

11,478

11,563

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11,378

11,463

SHAREHOLDERS' FUNDS

11,478

11,563

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2025 and were signed by:

M Sinclair - Director

1.	STATUTORY INFORMATION

Sinclair Storage Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

8,772

57,809

66,581

Additions

-

13,400

13,400

At 31 March 2025

8,772

71,209

79,981

DEPRECIATION

At 1 April 2024

8,200

44,089

52,289

Charge for year

143

6,781

6,924

At 31 March 2025

8,343

50,870

59,213

NET BOOK VALUE

At 31 March 2025

429

20,339

20,768

At 31 March 2024

572

13,720

14,292

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

62,177

36,911

CIS tax recoverable

8,535

20,869

70,712

57,780

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

16,068

12,850

Taxation and social security

28,442

21,221

Other creditors

7,236

5,361

51,746

39,432

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

23,804

28,668

8.	SECURED DEBTS

HSBC Bank Plc hold a personal guarantee from M Sinclair (director) in respect of the bank overdraft facility.

Funding Circle hold a personal guarantee from M Sinclair (director) in respect of the loan facility.

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

5,192

2,716

Deferred

tax

£

Balance at 1 April 2024

2,716

Provided during year

2,476

Balance at 31 March 2025

5,192

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.