Leighton Buzzard Self Storage Limited - Accounts to registrar (filleted) - small 18.2
Leighton Buzzard Self Storage Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| LEIGHTON BUZZARD SELF STORAGE LIMITED |
| TRADING AS |
| THE SECURE-STORE |
| Unaudited Financial Statements for the Year Ended 31 March 2019 |
| LEIGHTON BUZZARD SELF STORAGE LIMITED (REGISTERED NUMBER: 05407893) |
| TRADING AS THE SECURE-STORE |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| LEIGHTON BUZZARD SELF STORAGE LIMITED |
| TRADING AS THE SECURE-STORE |
| Company Information |
| for the Year Ended 31 March 2019 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Second Floor |
| 1 Church Square |
| Leighton Buzzard |
| Bedfordshire |
| LU7 1AE |
| LEIGHTON BUZZARD SELF STORAGE LIMITED (REGISTERED NUMBER: 05407893) |
| TRADING AS THE SECURE-STORE |
| Balance Sheet |
| 31 March 2019 |
| 31.3.19 | 31.3.18 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investments | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current (liabilities)/assets | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
8 |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets/(liabilities) | ( |
) |
| Capital and reserves |
| Called up share capital |
| Retained earnings | ( |
) |
| Shareholders' funds | ( |
) |
| 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. |
| LEIGHTON BUZZARD SELF STORAGE LIMITED (REGISTERED NUMBER: 05407893) |
| TRADING AS THE SECURE-STORE |
| Balance Sheet - continued |
| 31 March 2019 |
| 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 |
| LEIGHTON BUZZARD SELF STORAGE LIMITED (REGISTERED NUMBER: 05407893) |
| TRADING AS THE SECURE-STORE |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2019 |
| 1. | Statutory information |
| Leighton Buzzard Self Storage Limited is a |
| 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 |
| Preparation of consolidated financial statements |
| The financial statements contain information about Leighton Buzzard Self Storage Limited as an individual |
| company and do not contain consolidated financial information as the parent of a group. The company is exempt |
| under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial |
| statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Freehold property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair |
| value is recognised in profit or loss. |
| Plant and machinery - 5% on cost and 10% on cost |
| Fixtures and fittings - 10% and 20% on cost |
| Computer equipment - 33% on cost |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| 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. |
| LEIGHTON BUZZARD SELF STORAGE LIMITED (REGISTERED NUMBER: 05407893) |
| TRADING AS THE SECURE-STORE |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 2. | Accounting policies - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Cost |
| At 1 April 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2019 |
| Depreciation |
| At 1 April 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2019 |
| Net book value |
| At 31 March 2019 |
| At 31 March 2018 |
| Additions include the freehold properties and plant and machinery which were transferred from the subsidiary at |
| fair value as part of a hive up agreement. |
| LEIGHTON BUZZARD SELF STORAGE LIMITED (REGISTERED NUMBER: 05407893) |
| TRADING AS THE SECURE-STORE |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 5. | Fixed asset investments |
| Shares in |
| group |
| undertakings |
| £ |
| Cost |
| At 1 April 2018 |
| and 31 March 2019 |
| Net book value |
| At 31 March 2019 |
| At 31 March 2018 |
| 6. | Debtors: amounts falling due within one year |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| On 3 January 2019 as part of a hive up agreement the debtors of Letchworth Self Storage Limited (a wholly |
| owned subsidiary) were transferred to Leighton Buzzard Self Storage Limited. |
| 7. | Creditors: amounts falling due within one year |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| On 3 January 2019 as part of a hive up agreement the liabilities of Letchworth Self Storage Limited (a wholly |
| owned subsidiary) were transferred to Leighton Buzzard Self Storage Limited. |
| The bank loans were repaid after the year end and a new loan was agreed at the same time, the new loan is |
| repayable over 24 months |
| 8. | Creditors: amounts falling due after more than one year |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Bank loans |
| LEIGHTON BUZZARD SELF STORAGE LIMITED (REGISTERED NUMBER: 05407893) |
| TRADING AS THE SECURE-STORE |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 9. | Secured debts |
| The following secured debts are included within creditors: |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Bank loans |
| The bank loans are secured on the freehold property owned by the company. The loans and the property were |
| transferred from the subsidiary company on 3 January 2019 as part of a hive up agreement. |
| 10. | Directors' advances, credits and guarantees |
| The following advances and credits to directors subsisted during the years ended 31 March 2019 and |
| 31 March 2018: |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The loan was interest free and repayable on demand. |
| 11. | Ultimate controlling party |
| The company is controlled by M & S Jefferys who own all of the issued share capital. |