Storamove Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05923008 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2021

for

Storamove Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F R Palmer

SECRETARY:

Mrs L F Palmer

REGISTERED OFFICE:

Unit C2 Aberaman Business Park

Aberdare

CF44 6DA

REGISTERED NUMBER:

05923008 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Chartered Accountants

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

46,953

27,124

46,953

27,124

CURRENT ASSETS

Stocks

3,905

4,967

Debtors

6

1,997

(13,002

)

Cash at bank and in hand

83,069

99,468

88,971

91,433

CREDITORS

Amounts falling due within one year

7

(34,070

)

(31,297

)

NET CURRENT ASSETS

54,901

60,136

TOTAL ASSETS LESS CURRENT LIABILITIES

101,854

87,260

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

101,754

87,160

SHAREHOLDERS' FUNDS

101,854

87,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 17 January 2022 and were signed by:

F R Palmer - Director

1.	STATUTORY INFORMATION

Storamove 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.

GOODWILL

Goodwill is initially recognised at cost. After initial recognition, goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

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

Fixtures and fittings

-

25% on reducing balance

Plant & machinery - 25% Reducing

Hardstanding - 10% On cost

DEFERRED TAX

Deferred Tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

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 2 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2020

and 30 September 2021

125,000

AMORTISATION

At 1 October 2020

and 30 September 2021

125,000

NET BOOK VALUE

At 30 September 2021

-

At 30 September 2020

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Hardstanding

machinery

fittings

Totals

£

£

£

£

COST

At 1 October 2020

21,250

70,446

-

91,696

Additions

-

-

26,651

26,651

At 30 September 2021

21,250

70,446

26,651

118,347

DEPRECIATION

At 1 October 2020

10,625

53,947

-

64,572

Charge for year

2,125

4,125

572

6,822

At 30 September 2021

12,750

58,072

572

71,394

NET BOOK VALUE

At 30 September 2021

8,500

12,374

26,079

46,953

At 30 September 2020

10,625

16,499

-

27,124

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

8,762

15,344

Sales in advance

(8,304

)

(28,346

)

VAT

1,539

-

1,997

(13,002

)

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

20,468

7,353

Corporation tax

10,500

5,949

Social security and other tax

1,042

967

VAT

-

14,106

Other creditors

-

922

Accrued expenses

2,060

2,000

34,070

31,297

8.	LEASING AGREEMENTS

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

2021

2020

£

£

Within one year

-

72,000

Between one and five years

80,000

-

80,000

72,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary Shares

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 October 2020

87,160

Profit for the year

64,594

Dividends

(50,000

)

At 30 September 2021

101,754

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is F R Palmer.