STORAGE123 LTD
Statement of financial position
as at 30 November 2025
Tangible assets
87,131
91,725
Cash at bank and in hand
4,542
3,907
Creditors: amounts falling due within one year
(117,242)
(83,109)
Net current liabilities
(110,406)
(77,703)
Net (liabilities)/assets
(23,275)
14,022
Profit and loss account
(23,275)
14,022
Shareholders' funds
(23,275)
14,022
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by
NARBUTIS Arturas
Director
Company Registration No. SC680282
STORAGE123 LTD
Notes to the Accounts
for the year ended 30 November 2025
STORAGE123 LTD is a private company, limited by shares, registered in Scotland, registration number SC680282. The registered office is 29 NEWTON ROAD, NEWTONHILL, STONEHAVEN, AB39 3TU, SCOTLAND.
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.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2024
45,000
9,079
87,060
141,139
At 30 November 2025
45,000
9,079
96,510
150,589
At 1 December 2024
-
4,463
44,951
49,414
Charge for the year
-
1,154
12,890
14,044
At 30 November 2025
-
5,617
57,841
63,458
At 30 November 2025
45,000
3,462
38,669
87,131
At 30 November 2024
45,000
4,616
42,109
91,725
STORAGE123 LTD
Notes to the Accounts
for the year ended 30 November 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,558
-
Taxes and social security
(1,122)
-
Loans from directors
111,328
85,464
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).