REGISTERED NUMBER: SC445698 (Scotland)

U-Stor Business Units Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

6

Directors:

D G Beveridge

Mrs A Beveridge

A Beveridge

Miss J H Beveridge

Registered office:

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Business address:

Pinnaclehill Industrial Estate

Kelso

Roxburghshire

TD5 8DW

Registered number:

SC445698 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

236,436

242,502

Current assets

Debtors

5

1,767

1,714

Prepayments and accrued income

189

3,567

Cash at bank and in hand

13,415

5,177

15,371

10,458

Creditors

Amounts falling due within one year

6

180,323

175,116

Net current liabilities

(164,952

)

(164,658

)

Total assets less current liabilities

71,484

77,844

Creditors

Amounts falling due after more than one year

7

-

(4,261

)

Provisions for liabilities

(627

)

(681

)

Net assets

70,857

72,902

Capital and reserves

Called up share capital

20,100

20,100

Retained earnings

50,757

52,802

Shareholders' funds

70,857

72,902

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 20th November 2025 and were signed on its behalf by:

Miss J H Beveridge - Director

1.	Statutory information

U-Stor Business Units Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 the total invoice value of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets

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

Freehold property

-

not provided

Improvements to property

-

4% on cost

Plant and equipment

-

20% on reducing balance

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, loans and directors' loans.

Loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

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

4.	Tangible fixed assets

Improvements

Freehold

to

Plant and

Office

property

property

equipment

equipment

Totals

£

£

£

£

£

Cost

At 1st April 2024

and 31st March 2025

141,947

148,799

3,620

739

295,105

Depreciation

At 1st April 2024

-

48,814

3,050

739

52,603

Charge for year

-

5,952

114

-

6,066

At 31st March 2025

-

54,766

3,164

739

58,669

Net book value

At 31st March 2025

141,947

94,033

456

-

236,436

At 31st March 2024

141,947

99,985

570

-

242,502

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

1,699

660

Other debtors

68

1,054

1,767

1,714

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

1,471

683

Taxation and social security

1,434

257

Other creditors

177,418

174,176

180,323

175,116

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

-

4,261

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

2,979

19,961

The loan provider, Mrs C Beveridge, holds a security charge over the freehold property owned by the company.

9.	Related party disclosures

At 31st March 2025 a loan of £93,198 (2024 - £73,198) was outstanding payable by the company to U-Stor Partnership, a partnership in which all the directors are partners. This loan is unsecured, interest free and is repayable on demand.