Company Registration No. 04532932 (England and Wales)
Storm Valeting Services Limited
Unaudited accounts
for the year ended 28 February 2025
Storm Valeting Services Limited
Unaudited accounts
Contents
Storm Valeting Services Limited
Company Information
for the year ended 28 February 2025
Company Number
04532932 (England and Wales)
Registered Office
113 BEECH ROAD
ELLOUGHTON
BROUGH
HU15 1JY
ENGLAND
Accountants
Westlands Chartered Accountants
McMillan House
6 Wolfreton Drive
Anlaby
East Riding of Yorkshire
HU10 7BY
Storm Valeting Services Limited
Statement of financial position
as at 28 February 2025
Cash at bank and in hand
1,500
454
Creditors: amounts falling due within one year
(2,210)
(1,491)
Net current assets/(liabilities)
2
(777)
Net assets/(liabilities)
3
(776)
Called up share capital
100
100
Profit and loss account
(97)
(876)
Shareholders' funds
3
(776)
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 June 2025 and were signed on its behalf by
Mr S Bryce
Director
Company Registration No. 04532932
Storm Valeting Services Limited
Notes to the Accounts
for the year ended 28 February 2025
Storm Valeting Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04532932. The registered office is 113 BEECH ROAD, ELLOUGHTON, BROUGH, HU15 1JY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Storm Valeting Services Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2024
2,893
16,500
19,393
At 28 February 2025
2,893
16,500
19,393
At 1 March 2024
2,892
16,500
19,392
At 28 February 2025
2,892
16,500
19,392
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
1,685
966
7
Transactions with related parties
At the balance sheet date Mr S Bryce owed the company £612 (2024: £160) by the way of an interest free loan, the loan is repayable upon demand.
The company is under the control of Mr S Bryce, the sole director and shareholder of the company.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).