Company Registration No. 05716097 (England and Wales)
BLACK COUNTRY SELF STORAGE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2013
BLACK COUNTRY SELF STORAGE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BLACK COUNTRY SELF STORAGE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Intangible assets
2
9,000 
12,000 
Tangible assets
2
11,887 
14,982 
20,887 
26,982 
Current assets
Debtors
6,627 
10,986 
Cash at bank and in hand
551 
1,184 
7,178 
12,170 
Creditors: amounts falling due within one year
(54,649)
(56,818)
Net current liabilities
(47,471)
(44,648)
Total assets less current liabilities
(26,584)
(17,666)
Capital and reserves
Called up share capital
3
200 
200 
Profit and loss account
(26,784)
(17,866)
Shareholders' funds
(26,584)
(17,666)
For the financial year ended 31 July 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 29 April 2014
J Nicholls
Director
Company Registration No. 05716097
BLACK COUNTRY SELF STORAGE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2013
1
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 rents receivable from self storage space. Rents are received in advance and income is recognised during the period to which the rent relates.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Plant and machinery
20% p.a. reducing balance
Fixtures, fittings & equipment
20% p.a. reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2012 & at 31 July 2013
30,000 
74,397 
104,397 
Depreciation
At 1 August 2012
18,000 
59,415 
77,415 
Charge for the year
3,000 
3,095 
6,095 
At 31 July 2013
21,000 
62,510 
83,510 
Net book value
At 31 July 2013
9,000 
11,887 
20,887 
At 31 July 2012
12,000 
14,982 
26,982 
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
200 Ordinary shares of £1 each
200 
200 
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