Company Registration No. 05842557 (England and Wales)
ABSOLUTE HOME SOLUTIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
ABSOLUTE HOME SOLUTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABSOLUTE HOME SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
7,413
8,093
Current assets
Stocks
475
400
Debtors
19,523
35,626
Cash at bank and in hand
23,126
16,993
43,124
53,019
Creditors: amounts falling due within one year
(18,413)
(13,884)
Net current assets
24,711
39,135
Total assets less current liabilities
32,124
47,228
Provisions for liabilities
(1,482)
(1,618)
30,642
45,610
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
30,640
45,608
Shareholders' funds
30,642
45,610
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 30 March 2017
Mr M Staddon
Director
Company Registration No. 05842557
ABSOLUTE HOME SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
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 amounts receivable for goods and services net of VAT and trade discounts.
1.4
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
25% reducing balance
Computer equipment
33% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
24,559
Additions
2,332
At 30 June 2016
26,891
Depreciation
At 1 July 2015
16,466
Charge for the year
3,012
At 30 June 2016
19,478
Net book value
At 30 June 2016
7,413
At 30 June 2015
8,093
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2