Storage Boost (Crewe) Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05365205 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Storage Boost (Crewe) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Wood

N P Wood

SECRETARY:

P Wood

REGISTERED OFFICE:

The Weston Centre

Weston Road

Crewe

Cheshire

CW1 6FL

REGISTERED NUMBER:

05365205 (England and Wales)

ACCOUNTANTS:

Haines Watts

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Intangible assets

4

891

891

Tangible assets

5

138,231

170,412

139,122

171,303

CURRENT ASSETS

Debtors

6

369,100

261,975

Prepayments and accrued income

32,607

43,590

Cash at bank and in hand

169,924

134,167

571,631

439,732

CREDITORS

Amounts falling due within one year

7

(376,228

)

(425,426

)

NET CURRENT ASSETS

195,403

14,306

TOTAL ASSETS LESS CURRENT LIABILITIES

334,525

185,609

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

334,523

185,607

SHAREHOLDERS' FUNDS

334,525

185,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 8 June 2023 and were signed on its behalf by:

N P Wood - Director

1.	STATUTORY INFORMATION

Storage Boost (Crewe) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Land and buildings

-

over the life of the lease

Plant and machinery etc

-

33% on cost, 15% on cost and straight line over 10 years

Taxation

Taxation for the year comprises current 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2022

and 31 January 2023

891

NET BOOK VALUE

At 31 January 2023

891

At 31 January 2022

891

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2022

68,058

681,116

749,174

Additions

1,119

1,222

2,341

At 31 January 2023

69,177

682,338

751,515

DEPRECIATION

At 1 February 2022

23,294

555,468

578,762

Charge for year

4,612

29,910

34,522

At 31 January 2023

27,906

585,378

613,284

NET BOOK VALUE

At 31 January 2023

41,271

96,960

138,231

At 31 January 2022

44,764

125,648

170,412

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

29,724

30,771

Amounts owed by group undertakings

324,601

231,204

Other debtors

14,775

-

369,100

261,975

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade creditors

40,661

36,710

Taxation and social security

55,660

34,238

Other creditors

279,907

354,478

376,228

425,426

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.23

31.1.22

value:

£

£

2

Ordinary shares

£1

2

2

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 January 2023 a director of the company owed the company £14,775 in respect of an interest free loan which is repayable on demand.