Company Registration No. 07214506 (England and Wales)
Absolute Spine Ltd
Abbreviated unaudited accounts
for the year ended 31 March 2016
Absolute Spine Ltd
Abbreviated Balance Sheet
as at
31 March 2016
Tangible assets
4,238
5,090
Cash at bank and in hand
69,332
51,038
Creditors: amounts falling due within one year
(39,457)
(38,531)
Net current assets
34,800
30,789
Called up share capital
100
100
Profit and loss account
38,938
35,779
Total shareholders' funds
39,038
35,879
For the year ending 31 March 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 21 November 2016
A A Cole
Director
Company Registration No. 07214506
Absolute Spine Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents net invoiced sales of goods, excluding value added tax.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
2
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
At 1 April 2015
9,491
1,909
11,400
At 31 March 2016
9,491
1,909
11,400
At 1 April 2015
5,280
1,030
6,310
Charge for the year
632
220
852
At 31 March 2016
5,912
1,250
7,162
At 31 March 2016
3,579
659
4,238
At 31 March 2015
4,211
879
5,090
3
Share capital
2016
2015
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100