Abbreviated Company Accounts - A & S SELF STORAGE LIMITED

A & S SELF STORAGE LIMITED Registered Number 03288990

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	813,094	840,060
		813,094	840,060
Current assets
Debtors		48,291	59,798
Cash at bank and in hand		466,654	402,853
		514,945	462,651
Creditors: amounts falling due within one year		(244,215)	(162,525)
Net current assets (liabilities)		270,730	300,126
Total assets less current liabilities		1,083,824	1,140,186
Provisions for liabilities		-	(2,414)
Total net assets (liabilities)		1,083,824	1,137,772
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		1,083,724	1,137,672
Shareholders' funds		1,083,824	1,137,772

For the year ending 30 June 2016 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 March 2017

And signed on their behalf by:
George Pelly, Director

A & S SELF STORAGE LIMITED Registered Number 03288990

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention, and in accordance with Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the invoiced value of self storage facilities provided to customers.

Tangible assets depreciation policy
Depreciation is provided on fixed assets at the following annual rates, over their expected useful lives:
Leasehold improvements - over the lease term
Plant and equipment - 10% straight line

No depreciation is provided on the company’s freehold premises as it is believed that the open market value of the property exceeds cost. The property is maintained to ensure that its value does not diminish over time.

Other accounting policies
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different to those in which they are included in the company’s accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

2Tangible fixed assets

	£
Cost
At 1 July 2015	1,472,158
Additions	5,330
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	1,477,488
Depreciation
At 1 July 2015	632,098
Charge for the year	32,296
On disposals	-
At 30 June 2016	664,394
Net book values
At 30 June 2016	813,094
At 30 June 2015	840,060

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100