REGISTERED NUMBER: 06535979 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Spaceage Storage (Uk) Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

166,808

127,613

166,808

127,613

CURRENT ASSETS

Stocks

26,000

20,000

Debtors

6

191,420

107,062

Cash at bank

274,233

554,942

491,653

682,004

CREDITORS

Amounts falling due within one year

7

94,543

127,671

NET CURRENT ASSETS

397,110

554,333

TOTAL ASSETS LESS CURRENT LIABILITIES

563,918

681,946

CREDITORS

Amounts falling due after more than one year

8

(10,510

)

(20,765

)

PROVISIONS FOR LIABILITIES

(40,535

)

(30,269

)

NET ASSETS

512,873

630,912

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

512,773

630,812

SHAREHOLDERS' FUNDS

512,873

630,912

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

Mr I J Riley - Director

1.	STATUTORY INFORMATION

Spaceage Storage (Uk) Ltd 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:

06535979

Registered office:

Wallhill House

Broad Street

Leek

Staffordshire

ST13 5QA

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been fully amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

10% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

375,000

AMORTISATION

At 1 April 2024

and 31 March 2025

375,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

7,421

175,165

127,706

7,331

317,623

Additions

-

7,595

70,706

-

78,301

Disposals

-

-

(20,200

)

(358

)

(20,558

)

At 31 March 2025

7,421

182,760

178,212

6,973

375,366

DEPRECIATION

At 1 April 2024

7,421

134,436

45,127

3,026

190,010

Charge for year

-

7,249

19,627

617

27,493

Eliminated on disposal

-

-

(8,780

)

(165

)

(8,945

)

At 31 March 2025

7,421

141,685

55,974

3,478

208,558

NET BOOK VALUE

At 31 March 2025

-

41,075

122,238

3,495

166,808

At 31 March 2024

-

40,729

82,579

4,305

127,613

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

55,500

Transfer to ownership

(55,500

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

21,416

Transfer to ownership

(21,416

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

34,084

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

180,860

107,062

Other debtors

10,560

-

191,420

107,062

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,255

10,000

Hire purchase contracts

-

7,713

Trade creditors

6,524

12,981

Taxation and social security

72,663

91,645

Other creditors

5,101

5,332

94,543

127,671

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

10,510

20,765

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:

2025

2024

£

£

Mrs A Riley and Mr I J Riley

Balance outstanding at start of year

(828

)

77,215

Amounts advanced

107,913

142,006

Amounts repaid

(107,000

)

(220,049

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

85

(828

)