REGISTERED NUMBER: 04393375 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Plymouth Self Storage Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

250,320

264,021

CURRENT ASSETS

Stocks

874

857

Debtors

5

144,618

124,803

Cash at bank and in hand

29,882

53,968

175,374

179,628

CREDITORS

Amounts falling due within one year

6

181,360

205,981

NET CURRENT LIABILITIES

(5,986

)

(26,353

)

TOTAL ASSETS LESS CURRENT LIABILITIES

244,334

237,668

CREDITORS

Amounts falling due after more than one year

7

-

(11,111

)

PROVISIONS FOR LIABILITIES

(46,091

)

(49,111

)

NET ASSETS

198,243

177,446

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

198,239

177,442

198,243

177,446

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

Ms V Hackworthy - Director

1.	STATUTORY INFORMATION

Plymouth Self Storage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04393375

Registered office:

The Depository

Elliott Road

Prince Rock

Plymouth

PL4 0SB

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 comprises the fair value of the consideration received or receivable for the sale of goods and the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:

The value can be reliably measured;

It is probable that the future economic benefits will flow to the entity;

And specific criteria have been met for each of the company's activities.

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 etc

-

15% on reducing balance and 2% on cost

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is determined using the first in, first out (FIFO) method.

The cost of finished goods and work in progress comprises of the direct materials and, where applicable, direct labour costs and overheads that have been incurred in bring stocks to their present location and condition. At each report date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its net realisable value, the impairment loss is recognised immediately in the profit and loss.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

545,008

Additions

15,620

At 31 March 2025

560,628

DEPRECIATION

At 1 April 2024

280,987

Charge for year

29,321

At 31 March 2025

310,308

NET BOOK VALUE

At 31 March 2025

250,320

At 31 March 2024

264,021

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

49,198

46,310

Amounts owed by group undertakings

38,927

37,892

Other debtors

56,493

40,601

144,618

124,803

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

10,174

13,690

Amounts owed to group undertakings

-

73

Taxation and social security

84,236

69,001

Other creditors

86,950

123,217

181,360

205,981

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

-

11,111

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

4,160

4,159

Between one and five years

3,120

7,280

7,280

11,439

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

Ms V Hackworthy

Balance outstanding at start of year

-

1,187

Amounts advanced

44,479

-

Amounts repaid

(44,479

)

(1,187

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mrs R Hackworthy

Balance outstanding at start of year

17,083

12,375

Amounts advanced

70,454

61,895

Amounts repaid

(63,312

)

(57,187

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,225

17,083

R Hackworthy

Balance outstanding at start of year

17,600

12,881

Amounts advanced

70,466

61,906

Amounts repaid

(63,312

)

(57,187

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,754

17,600

These loans are repayable on demand and interest is charged at the official rate.