Cobbs Quay Self Storage Limited - Period Ending 2013-12-31

Registration number: 07005591

Cobbs Quay Self Storage Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013
 

Cobbs Quay Self Storage Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cobbs Quay Self Storage Limited
for the Year Ended 31 December 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cobbs Quay Self Storage Limited for the year ended 31 December 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

We have carried out this engagement in accordance with technical guidance issued by the Association of Accounting Technicians and have complied with the ethical guidance laid down by the Association relating to members undertaking the compilation of financial statements.

This report is made solely to the Board of Directors of Cobbs Quay Self Storage Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cobbs Quay Self Storage Limited and state those matters that we have agreed to state to them, as a body, in this report and for no other purpose.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cobbs Quay Self Storage Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cobbs Quay Self Storage Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cobbs Quay Self Storage Limited. You consider that Cobbs Quay Self Storage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Cobbs Quay Self Storage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Birkett Ferguson Associates Ltd
Accountants & Tax Advisors
186B Lower Blandford Road
Broadstone
Dorset
BH18 8DP

23 September 2014

Page 1

Cobbs Quay Self Storage Limited
(Registration number: 07005591)
Abbreviated Balance Sheet at 31 December 2013

		Note			31 December 2013 £			31 December 2012 £
Fixed assets
Tangible fixed assets					96,687			97,043
Current assets
Debtors					16,154			19,024
Cash at bank and in hand					4,043			3,894
					20,197			22,918
Creditors: Amounts falling due within one year					(136,911)			(140,525)
Net current liabilities					(116,714)			(117,607)
Net liabilities					(20,027)			(20,564)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(20,029)			(20,566)
Shareholders' deficit					(20,027)			(20,564)

For the year ending 31 December 2013 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 23 September 2014 and signed on its behalf by:

.........................................
Mrs Julia Helen Sweatman
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Cobbs Quay Self Storage Limited
(Registration number: 07005591)
Abbreviated Balance Sheet at 31 December 2013
......... continued

.........................................
Mr David Roy Sweatman
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Cobbs Quay Self Storage Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Improvements to property	no depreciation
Plant and machinery	15% reducing balance method
Office equipment	25% reducing balance method
Fixtures and fittings	25% reducing balance method

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Cobbs Quay Self Storage Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

2	Fixed assets

		Tangible assets £
Cost
At 1 January 2013		98,680
At 31 December 2013		98,680
Depreciation
At 1 January 2013		1,637
Charge for the year		356
At 31 December 2013		1,993
Net book value
At 31 December 2013		96,687
At 31 December 2012		97,043

3	Share capital

Allotted, called up and fully paid shares

	31 December 2013						31 December 2012
		No.			£			No.			£
Ordinary £1 shares of £1 each		2			2			2			2

Page 5