Designed Storage Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01606188 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

DESIGNED STORAGE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr C J Young

REGISTERED OFFICE:

139-141 Watling Street

Gillingham

Kent

ME7 2YY

REGISTERED NUMBER:

01606188 (England and Wales)

ACCOUNTANTS:

Stephen Hill Partnership Limited

139-141 Watling Street

Gillingham

Kent

ME7 2YY

FIXED ASSETS

Tangible assets

2

17,910

9,630

CURRENT ASSETS

Stocks

53,419

138,361

Debtors

222,941

202,678

Cash at bank and in hand

146,797

264,855

423,157

605,894

CREDITORS

Amounts falling due within one year

3

342,971

476,253

NET CURRENT ASSETS

80,186

129,641

TOTAL ASSETS LESS CURRENT LIABILITIES

98,096

139,271

CREDITORS

Amounts falling due after more than one year

3

9,335

2,241

NET ASSETS

88,761

137,030

CAPITAL AND RESERVES

Called up share capital

4

1,500

1,500

Profit and loss account

87,261

135,530

SHAREHOLDERS' FUNDS

88,761

137,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 13 August 2015 and were signed by:

Mr C J Young - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and are in accordance with

applicable accounting standards.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

176,534

Additions

17,000

Disposals

(77,691

)

At 31 March 2015

115,843

DEPRECIATION

At 1 April 2014

166,904

Charge for year

8,700

Eliminated on disposal

(77,671

)

At 31 March 2015

97,933

NET BOOK VALUE

At 31 March 2015

17,910

At 31 March 2014

9,630

3.

CREDITORS

Creditors include an amount of £ 0 (2014 - £ 4,686 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,500

Ordinary

£1

1,500

1,500

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and

31 March 2014:

2015

2014

£

£

Mr C J Young

Balance outstanding at start of year

41,386

25,489

Amounts advanced

1,222

41,386

Amounts repaid

(41,085

)

(25,489

)

Balance outstanding at end of year

1,523

41,386