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Registration number: 08957747

Storage Equipment Experts Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Storage Equipment Experts Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Storage Equipment Experts Limited

Company Information

Director | J O'Sullivan

Registered office | The Townhouse Hertford 114-116 Fore Street Hertford Herts SG14 1AJ

Storage Equipment Experts Limited

(Registration number: 08957747)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 19,147 | 23,948
Current assets |  |  |
Debtors | 5 | 178,890 | 141,712
Cash at bank and in hand |  | 129,821 | 178,310
|  | 308,711 | 320,022
Creditors: Amounts falling due within one year | 6 | (166,837) | (165,942)
Net current assets |  | 141,874 | 154,080
Total assets less current liabilities |  | 161,021 | 178,028
Provisions for liabilities |  | (4,117) | (5,149)
Net assets |  | 156,904 | 172,879
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 156,902 | 172,877
Shareholders' funds |  | 156,904 | 172,879

For the financial year ending 31 August 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 May 2026

......................................... J O'Sullivan Director

Storage Equipment Experts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England. The address of the registered office is given in the company information page of these financial statements.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Storage Equipment Experts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2024 - 11).

Storage Equipment Experts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 September 2024 | 36,983 | 6,969 | 43,952
Additions | 6,858 | - | 6,858
Disposals | (1,178) | - | (1,178)
At 31 August 2025 | 42,663 | 6,969 | 49,632
Depreciation
At 1 September 2024 | 16,294 | 3,710 | 20,004
Charge for the year | 10,283 | 1,376 | 11,659
Eliminated on disposal | (1,178) | - | (1,178)
At 31 August 2025 | 25,399 | 5,086 | 30,485
Carrying amount
At 31 August 2025 | 17,264 | 1,883 | 19,147
At 31 August 2024 | 20,689 | 3,259 | 23,948

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 149,842 | 120,768
Prepayments | 16,816 | 13,634
Other debtors | 12,232 | 7,310
| 178,890 | 141,712

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 12,820 | 8,154
Taxation and social security | 123,545 | 109,248
Accruals and deferred income | 25,907 | 41,018
Other creditors | 4,565 | 7,522
| 166,837 | 165,942

Storage Equipment Experts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7 | Related party transactions

Transactions with the director

2025 | At 1 September 2024 £ | Advances to director £ | Repayments by director £ | At 31 August 2025 £
During the year the company made advances to a director. The advance is subject to HMRC's official rate of interest and is repayable on demand. | 618 | 598 | (618) | 598

2024 | At 1 September 2023 £ | Advances to director £ | Repayments by director £ | At 31 August 2024 £
During the year the company made advances to a director. The advance is subject to HMRC's official rate of interest and is repayable on demand. | (1,328) | 3,000 | (1,054) | 618

Loans to related parties

2025 | Entities with joint control or significant influence £ | Total £
At start of period | 3,500 | 3,500
At end of period | 3,500 | 3,500

2024 | Entities with joint control or significant influence £ | Total £
At start of period | 3,500 | 3,500
At end of period | 3,500 | 3,500