BILLERICAY_SELF_STORAGE_L - Accounts

BILLERICAY SELF STORAGE LTD. - Company Information

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Company Registration No. 09311280 (England and Wales)

BILLERICAY SELF STORAGE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

BILLERICAY SELF STORAGE LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BILLERICAY SELF STORAGE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

Notes

Fixed assets

Tangible assets

87,168

Current assets

Debtors

9,760

Creditors: amounts falling due within one year

(93,517)

Net current liabilities

(83,757)

Total assets less current liabilities

3,411

Capital and reserves

Called up share capital

Profit and loss account

3,410

Shareholders' funds

3,411

For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 August 2016

Mr C Nation

Director

Company Registration No. 09311280

BILLERICAY SELF STORAGE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

5% straight line

Plant and machinery

25% reducing balance

Fixtures and equipment

25% reducing balance

Fixed assets

Tangible assets

Cost

At 14 November 2014

Additions

91,844

At 31 March 2016

91,844

Depreciation

At 14 November 2014

Charge for the period

4,676

At 31 March 2016

4,676

Net book value

At 31 March 2016

87,168

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £58,892.

BILLERICAY SELF STORAGE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2016

- 3 -

Share capital

2016

Allotted, called up and fully paid

100 Ordinary shares of 1p each

On incorporation, the company issued 100 ordinary shares of £0.01 each fully paid at par for cash consideration.