U-Self Storage Ltd - Accounts to registrar (filleted) - small 23.1.2

U-Self Storage Ltd - Accounts to registrar (filleted) - small 23.1.2

U-SELF STORAGE LTD - Company Information

Print Friendly Version

PTP Accounts Production v23.1.0.753 06372348 director 1.10.21 30.9.22 30.9.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure063723482021-09-30063723482022-09-30063723482021-10-012022-09-30063723482020-09-30063723482020-10-012021-09-30063723482021-09-3006372348ns16:EnglandWales2021-10-012022-09-3006372348ns15:PoundSterling2021-10-012022-09-3006372348ns11:Director12021-10-012022-09-3006372348ns11:PrivateLimitedCompanyLtd2021-10-012022-09-3006372348ns11:SmallEntities2021-10-012022-09-3006372348ns11:AuditExemptWithAccountantsReport2021-10-012022-09-3006372348ns11:SmallCompaniesRegimeForDirectorsReport2021-10-012022-09-3006372348ns11:SmallCompaniesRegimeForAccounts2021-10-012022-09-3006372348ns11:FullAccounts2021-10-012022-09-3006372348ns11:CompanySecretary12021-10-012022-09-3006372348ns11:RegisteredOffice2021-10-012022-09-3006372348ns6:CurrentFinancialInstruments2022-09-3006372348ns6:CurrentFinancialInstruments2021-09-3006372348ns6:ShareCapital2022-09-3006372348ns6:ShareCapital2021-09-3006372348ns6:RetainedEarningsAccumulatedLosses2022-09-3006372348ns6:RetainedEarningsAccumulatedLosses2021-09-3006372348ns6:WithinOneYearns6:CurrentFinancialInstruments2022-09-3006372348ns6:WithinOneYearns6:CurrentFinancialInstruments2021-09-30
REGISTERED NUMBER: 06372348 (England and Wales)















Financial Statements for the Year Ended 30 September 2022

for

U-Self Storage Ltd
U-Self Storage Ltd (Registered number: 06372348)






Contents of the Financial Statements
for the Year Ended 30 September 2022




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


U-Self Storage Ltd

Company Information
for the Year Ended 30 September 2022







DIRECTOR: Mrs J Wright





SECRETARY: Mr S N Wright





REGISTERED OFFICE: Hillgate Place
77 Middle Hillgate
Stockport
Cheshire
SK1 3EH





REGISTERED NUMBER: 06372348 (England and Wales)





ACCOUNTANTS: HLP Ltd
Accounting and Tax Solutions
Hillgate Place
77 Middle Hillgate
Stockport
Cheshire
SK1 3EH
Page 1
Accountants' Report to the Director
on the Unaudited Financial Statements of
U-Self Storage Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of U-Self Storage Ltd for the year ended 30 September 2022 which comprises the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of U-Self Storage Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of and state those matters that we have agreed to state to the Board of Directors of U-Self Storage Ltd, as a body, and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that U-Self Storage Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position of profit or loss of U-Self Storage Ltd. You consider that U-Self Storage Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of U-Self Storage Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not, therefore, express any opinion on the statutory financial statements.






HLP Ltd
Accounting and Tax Solutions
Hillgate Place
77 Middle Hillgate
Stockport
Cheshire
SK1 3EH


26 June 2023

This page does not form part of the statutory financial statements

Page 2
U-Self Storage Ltd (Registered number: 06372348)

Balance Sheet
30 September 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 4 70,142 70,090
Cash at bank 19,315 19,352
89,457 89,442
CREDITORS
Amounts falling due within one year 5 24,764 24,126
NET CURRENT ASSETS 64,693 65,316
TOTAL ASSETS LESS CURRENT
LIABILITIES
64,693
65,316

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 64,692 65,315
SHAREHOLDERS' FUNDS 64,693 65,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2023 and were signed by:





Mrs J Wright - Director


The notes form part of these financial statements

Page 3
U-Self Storage Ltd (Registered number: 06372348)

Notes to the Financial Statements
for the Year Ended 30 September 2022

1. STATUTORY INFORMATION

U-Self Storage Ltd 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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

Page 4
U-Self Storage Ltd (Registered number: 06372348)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from the suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Retained Earnings, 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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Page 5
U-Self Storage Ltd (Registered number: 06372348)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,345 1,293
Amounts owed by participating interests 68,797 68,797
70,142 70,090

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 72 -
Amounts owed to participating interests 2,000 2,000
Taxation and social security 323 513
Other creditors 22,369 21,613
24,764 24,126

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J Wright.

This is due to her owning 100% of the issued voting shares in the company.

Page 6