Abbreviated Company Accounts - EXTRASPACE LIMITED

03019848 EXTRASPACE LIMITED 2015-10-31 false 2014-11-01 2015-10-31 true 03019848 2014-11-01 2015-10-31 03019848 2015-10-31 03019848 2014-10-31 03019848 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 03019848 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 03019848

EXTRASPACE LIMITED

Abbreviated Accounts

31 October 2015

EXTRASPACE LIMITED Registered Number 03019848

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	209,527	283,617
		209,527	283,617
Current assets
Debtors		3,900	1,767
Cash at bank and in hand		40,508	43,334
		44,408	45,101
Creditors: amounts falling due within one year		(384,111)	(428,425)
Net current assets (liabilities)		(339,703)	(383,324)
Total assets less current liabilities		(130,176)	(99,707)
Provisions for liabilities		-	(175)
Total net assets (liabilities)		(130,176)	(99,882)
Capital and reserves
Called up share capital	3	300	300
Profit and loss account		(130,476)	(100,182)
Shareholders' funds		(130,176)	(99,882)

For the year ending 31 October 2015 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 9 January 2016

And signed on their behalf by:
T J Saunders, Director
P F Lyons, Director

EXTRASPACE LIMITED Registered Number 03019848

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Property Improvements - straight line over 15 years
Equipment - 25% straight line

Other accounting policies
All fixed assets are initially recorded at cost.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

2Tangible fixed assets

	£
Cost
At 1 November 2014	319,282
Additions	-
Disposals	(68,495)
Revaluations	-
Transfers	-
At 31 October 2015	250,787
Depreciation
At 1 November 2014	35,665
Charge for the year	5,595
On disposals	-
At 31 October 2015	41,260
Net book values
At 31 October 2015	209,527
At 31 October 2014	283,617

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

	2015 £	2014 £
300 Ordinary shares of £1 each	300	300