ADD_SPACE_SELF_STORAGE_LI - Accounts

ADD SPACE SELF STORAGE LIMITED - Company Information

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Company Registration No. 04063407 (England and Wales)

ADD SPACE SELF STORAGE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

ADD SPACE SELF STORAGE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ADD SPACE SELF STORAGE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

480

717

Current assets

Debtors

6,448

5,777

Cash at bank and in hand

4,515

12,108

10,963

17,885

Creditors: amounts falling due within one year

(11,033)

(15,989)

Net current liabilities/(assets)

(70)

1,896

Total assets less current liabilities

410

2,613

Creditors: amounts falling due after more than one year

(2,501)

410

112

Capital and reserves

Called up share capital

100

Profit and loss account

310

Shareholders' funds

410

112

For the financial year ended 31 October 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 year 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 24 July 2017

Mr A J Cox

Director

Company Registration No. 04063407

ADD SPACE SELF STORAGE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 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 January 2015).

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

Over the lease term

Fixtures, fittings & equipment

33% reducing balance basis

Motor vehicles

25% reducing balance basis

Fixed assets

Tangible assets

Cost

At 1 November 2015 & at 31 October 2016

21,376

Depreciation

At 1 November 2015

20,659

Charge for the year

237

At 31 October 2016

20,896

Net book value

At 31 October 2016

480

At 31 October 2015

717

Share capital

2016

2015

Allotted, called up and fully paid

75 Ordinary of £1 each

100

25 Ordinary B of £1 each

100

ADD SPACE SELF STORAGE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

- 3 -

Related party relationships and transactions

Loans to director

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr A J Cox - Director's Loan

2,765

4,093

2,765

4,093

2,765