REGISTERED NUMBER: 05160685 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

ABC SELFSTORE SERVICES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Milton

J Milton

REGISTERED OFFICE:

Highdown House

11 Highdown Road

Leamington Spa

Warwickshire

CV31 1XT

REGISTERED NUMBER:

05160685 (England and Wales)

BANKERS:

National Westminster Bank

PO Box 238

32 Corn Street

Bristol

BS99 7UG

FIXED ASSETS

Intangible assets

4

40,766

59,790

Tangible assets

5

13,219

20,376

53,985

80,166

CURRENT ASSETS

Stocks

8,646

6,923

Debtors

121,567

157,857

Cash at bank

82,573

2,550

212,786

167,330

CREDITORS

Amounts falling due within one year

197,625

119,624

NET CURRENT ASSETS

15,161

47,706

TOTAL ASSETS LESS CURRENT LIABILITIES

69,146

127,872

CAPITAL AND RESERVES

Called up share capital

6

5,001

5,001

Retained earnings

7

64,145

122,871

SHAREHOLDERS' FUNDS

69,146

127,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 September 2017 and were signed on its behalf by:

J Milton - Director

1.	STATUTORY INFORMATION

ABC Selfstore Services Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The principle accounting policies adopted in the preparation of the financial statements are set out below.

The company adopted FRS 102 Section 1A "Small Entities" in the current year and both the financial

performance and financial position of the company have remained unchanged as a result of the transition.

The date of transition was 1 January 2015.

Turnover

Turnover comprises the value of sales (net of value added tax) of services provided in the normal course of

business.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,

they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Government grants

Grants received for capital expenditure are credited to deferred income and amortised over the life of the

individual asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2015 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

and 31 December 2016

190,243

AMORTISATION

At 1 January 2016

130,453

Amortisation for year

19,024

At 31 December 2016

149,477

NET BOOK VALUE

At 31 December 2016

40,766

At 31 December 2015

59,790

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

and 31 December 2016

38,332

DEPRECIATION

At 1 January 2016

17,956

Charge for year

7,157

At 31 December 2016

25,113

NET BOOK VALUE

At 31 December 2016

13,219

At 31 December 2015

20,376

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

5,001

Ordinary

£1

5,001

5,001

7.

RESERVES

Retained

earnings

£

At 1 January 2016

122,871

Deficit for the year

(58,726

)

At 31 December 2016

64,145

8.	RELATED PARTY DISCLOSURES

ABC Garratt Lane Limited

A company which the directors control.

During the year sales totalling £186,000 (2015 - £216,000) were made to ABC Garratt Lane Limited.

2016

2015

£

£

Amount due from related party at the balance sheet date

21,600

28,800

ABC Ossory Road Limited

A company which the directors control.

During the year sales totalling £120,900 (2015 - £140,400) were made to ABC Ossory Road Limited.

2016

2015

£

£

Amount due from related party at the balance sheet date

14,040

18,720

ABC York Way Limited

A company which the directors control.

During the year sales totalling £158,100 (2015 - £183,600) were made to ABC York Way Limited.

2016

2015

£

£

Amount due from related party at the balance sheet date

18,360

24,480

ABC Self Storage Limited

A company which the directors control.

During the year a loan totalling £100,000 (2015 - £nil) was received from ABC Self Storage Limited.

2016

2015

£

£

Amount due to related party at the balance sheet date

100,000

-

The Milton Group

A partnership which the directors control.

During the year purchases £101 (2015 - £964) and management charges of £10,635 (2015 - £12,052) were made

from The Milton Group.

2016

2015

£

£

Amount due to related party at the balance sheet date

1,519

-

9.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in

respect of the financial and operating policies of the company.