NEWARK STORAGE COMPANY LIMITED

NEWARK STORAGE COMPANY LIMITED

NEWARK STORAGE COMPANY LIMITED - Company Information

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NEWARK STORAGE COMPANY LIMITED

Company Registration Number:
02699144 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2020

Period of accounts

Start date: 01 June 2019

End date: 31 May 2020

NEWARK STORAGE COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2020

Balance sheet
Notes

NEWARK STORAGE COMPANY LIMITED

Balance sheet

As at 31 May 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets: 3 10,000 15,000
Tangible assets: 4 2,900,458 2,921,123
Investments: 5 7 7
Total fixed assets: 2,910,465 2,936,130
Current assets
Debtors:   2,912,569 2,846,105
Cash at bank and in hand: 0 341
Total current assets: 2,912,569 2,846,446
Creditors: amounts falling due within one year:   (530,161) (509,284)
Net current assets (liabilities): 2,382,408 2,337,162
Total assets less current liabilities: 5,292,873 5,273,292
Creditors: amounts falling due after more than one year:   (1,787,738) (1,811,012)
Provision for liabilities: 0 (1,915)
Total net assets (liabilities): 3,505,135 3,460,365
Capital and reserves
Called up share capital: 475,514 475,514
Share premium account: 1,905,221 1,905,221
Other reserves: 24,490 24,490
Profit and loss account: 1,099,910 1,055,140
Shareholders funds: 3,505,135 3,460,365

The notes form part of these financial statements

NEWARK STORAGE COMPANY LIMITED

Balance sheet statements

For the year ending 31 May 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 May 2021
and signed on behalf of the board by:

Name: E J P Rose
Status: Director

The notes form part of these financial statements

NEWARK STORAGE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NEWARK STORAGE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

2. Employees

2020 2019
Average number of employees during the period 9 9

NEWARK STORAGE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

3. Intangible Assets

Total
Cost £
At 01 June 2019 25,000
At 31 May 2020 25,000
Amortisation
At 01 June 2019 10,000
Charge for year 5,000
At 31 May 2020 15,000
Net book value
At 31 May 2020 10,000
At 31 May 2019 15,000

NEWARK STORAGE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

4. Tangible Assets

Total
Cost £
At 01 June 2019 3,335,013
Additions 1,498
Disposals (276,338)
At 31 May 2020 3,060,173
Depreciation
At 01 June 2019 413,890
Charge for year 18,498
On disposals (272,673)
At 31 May 2020 159,715
Net book value
At 31 May 2020 2,900,458
At 31 May 2019 2,921,123

NEWARK STORAGE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

5. Fixed investments

CostAt 1 June 2019 and 31 May 2020: 7ImpairmentAt 1 June 2019 and 31 May 2020: -Carrying amountAt 31 May 2020: 7At 31 May 2019: 7