REGISTERED NUMBER: 02024573 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

EXTRASPACE INDUSTRIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N R G Wren

REGISTERED OFFICE:

34-40 High Street

Wanstead

London

E11 2RJ

REGISTERED NUMBER:

02024573 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

34-40 High Street

Wanstead

London

E11 2RJ

FIXED ASSETS

Tangible assets

4

81,383

131,847

CURRENT ASSETS

Stocks

542,417

491,828

Debtors

5

456,844

285,141

Cash at bank and in hand

731,527

435,231

1,730,788

1,212,200

CREDITORS

Amounts falling due within one year

6

661,966

244,527

NET CURRENT ASSETS

1,068,822

967,673

TOTAL ASSETS LESS CURRENT LIABILITIES

1,150,205

1,099,520

PROVISIONS FOR LIABILITIES

15,612

24,965

NET ASSETS

1,134,593

1,074,555

CAPITAL AND RESERVES

Called up share capital

200

200

Capital redemption reserve

200

200

Retained earnings

1,134,193

1,074,155

SHAREHOLDERS' FUNDS

1,134,593

1,074,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 June 2026 and were signed by:

N R G Wren - Director

1.	STATUTORY INFORMATION

Extraspace Industries Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Revenue recognition

Revenue represents net invoiced sales of goods, excluding value added tax. Where a project has only been partially completed at the balance sheet date revenue represents the value of the goods supplied to date based on a proportion of the total consideration at completion.

Revenue is recognised when goods are delivered to the customer, such that the risks and rewards of ownership have passed to them.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on cost, 5% on cost and Straight line over 3 years

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Depreciation commences in the month of acquisition.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for impairment of obsolete or slow moving items.

Cost is determined on the first-in, first-out (FIFO) method. Cost includes the purchase price, including taxes and duties, transport and handling directly attributable to bringing the stock to its present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating lease commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

2,898

162,932

344,824

15,945

526,599

Additions

-

-

31,678

-

31,678

Disposals

-

(92,134

)

(72,668

)

-

(164,802

)

At 31 March 2026

2,898

70,798

303,834

15,945

393,475

DEPRECIATION

At 1 April 2025

1,173

130,445

248,655

14,479

394,752

Charge for year

580

4,685

20,302

1,133

26,700

Eliminated on disposal

-

(83,463

)

(25,897

)

-

(109,360

)

At 31 March 2026

1,753

51,667

243,060

15,612

312,092

NET BOOK VALUE

At 31 March 2026

1,145

19,131

60,774

333

81,383

At 31 March 2025

1,725

32,487

96,169

1,466

131,847

5.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

421,090

245,944

Other debtors

4,508

6,000

Prepayments and accrued income

29,246

31,197

454,844

283,141

Amounts falling due after more than one year:

Other debtors

2,000

2,000

Aggregate amounts

456,844

285,141

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

487,490

196,442

Corporation tax

59,914

7,997

Social security and other taxes

7,962

28,672

Director's current account

41,000

-

Accrued expenses

65,600

11,416

661,966

244,527

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

58,773

58,773

Between one and five years

-

58,773

58,773

117,546

8.	RELATED PARTY DISCLOSURES

Included in creditors is a balance of £41,000 (2025: £nil) owed to a director of the company. This loan is interest free and repayable on demand.

9.	POST BALANCE SHEET EVENTS

As at the date of signing these accounts, the shareholder is engaged in advanced discussions regarding the potential sale of the company to a third party. It is anticipated that the transaction may complete in June 2026; however, there can be no certainty that the sale will proceed or be finalised within this timeframe. Given the significance of this matter, the Director has determined that disclosure is appropriate.