Company No: SC731339 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	125,123		112,395
		125,123		112,395
Current assets
Debtors	4	4,001		6,428
Cash at bank and in hand	5	76,926		15,694
		80,927		22,122
Creditors: amounts falling due within one year	6	( 177,059)		( 143,442)
Net current liabilities		(96,132)		(121,320)
Total assets less current liabilities		28,991		(8,925)
Provision for liabilities		( 6,305)		0
Net assets/(liabilities)		22,686		( 8,925)
Capital and reserves
Called-up share capital	7	80		80
Profit and loss account		22,606		( 9,005 )
Total shareholder's funds/(deficit)		22,686		( 8,925)

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Storage Den Limited (registered number: SC731339) were approved and authorised for issue by the Director on 03 December 2025. They were signed on its behalf by:

Mr Brian Barbour Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Storage Den Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	not depreciated
Plant and machinery	20 % reducing balance
Fixtures and fittings	15 years straight line
Computer equipment	25 % reducing balance

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 June 2024	1,450		0		110,625		384		112,459
Additions	0		20,592		0		2,106		22,698
At 31 May 2025	1,450		20,592		110,625		2,490		135,157
Accumulated depreciation
At 01 June 2024	0		0		0		64		64
Charge for the financial year	0		2,164		7,375		431		9,970
At 31 May 2025	0		2,164		7,375		495		10,034
Net book value
At 31 May 2025	1,450		18,428		103,250		1,995		125,123
At 31 May 2024	1,450		0		110,625		320		112,395

4. Debtors

	2025		2024
	£		£
Prepayments	4,001		3,881
VAT recoverable	0		2,547
	4,001		6,428

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	76,926		15,694

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to director	159,920		139,920
Accruals and deferred income	7,355		3,522
Taxation and social security	9,784		0
	177,059		143,442

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
80 Ordinary shares of £ 1.00 each	80		80

8. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Amounts owed to director	159,920		139,920