Empire Storage Ltd - Accounts

Empire Storage Ltd - Accounts

EMPIRE STORAGE LTD - Company Information

Print Friendly Version

2022-08-25 2023-03-31 false Capium Accounts Production 1.1 14318262 bus:AbridgedAccounts 2022-08-25 2023-03-31 14318262 bus:FRS102 2022-08-25 2023-03-31 14318262 bus:AuditExempt-NoAccountantsReport 2022-08-25 2023-03-31 14318262 bus:SmallCompaniesRegimeForAccounts 2022-08-25 2023-03-31 14318262 bus:PrivateLimitedCompanyLtd 2022-08-25 2023-03-31 14318262 2022-08-25 2023-03-31 14318262 2023-03-31 14318262 bus:RegisteredOffice 2022-08-25 2023-03-31 14318262 core:WithinOneYear 2023-03-31 14318262 core:AfterOneYear 2023-03-31 14318262 bus:Director1 2022-08-25 2023-03-31 14318262 bus:Director1 2023-03-31 14318262 bus:Director2 2022-08-25 2023-03-31 14318262 bus:Director2 2023-03-31 14318262 2021-08-25 14318262 bus:CompanySecretary1 2022-08-25 2023-03-31 14318262 bus:LeadAgentIfApplicable 2022-08-25 2023-03-31 14318262 2022-08-24 14318262 bus:OrdinaryShareClass1 2022-08-25 2023-03-31 14318262 bus:OrdinaryShareClass1 2023-03-31 14318262 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 14318262 core:CostValuation core:Non-currentFinancialInstruments 2022-08-24 14318262 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 14318262 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 14318262 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 14318262 core:Non-currentFinancialInstruments 2023-03-31 14318262 core:Non-currentFinancialInstruments 2022-08-24 14318262 core:ShareCapital 2023-03-31 14318262 core:RetainedEarningsAccumulatedLosses 2023-03-31 14318262 dpl:Item1 2022-08-25 14318262 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 14318262


 

 

 

EMPIRE STORAGE LTD


Abridged Accounts
 


Period of accounts

Start date: 25 August 2022

End date: 31 March 2023

Empire Storage Ltd
Contents Page
For the period ended 31 March 2023
 
 		 Notes
 		 2023
£
Current assets    
Debtors 100 
Creditors: amount falling due within one year (12,876)
Net current liabilities (12,776)
 
Total assets less current liabilities (12,776)
Net liabilities (12,776)
 

Capital and reserves 		   
Called up share capital 3 100 
Profit and loss account (12,876)
Shareholder's funds (12,776)
 


For the period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 19 December 2023 and were signed on its behalf by:


-------------------------------
Amarjit Singh BHACHU
Director
1
General Information
Empire Storage Ltd is a private company, limited by shares, registered in , registration number 14318262, registration address Business Ledger Limited, Unit 3 Waterside Drive, Langley, Slough, SL3 6EZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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 balance sheet 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.
2.

Average number of employees

Average number of employees during the period was 2.
3.

Share Capital

Allotted, called up and fully paid
2023
£
100 Class A shares of £1.00 each 100 
100 

2