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Abbreviated Unaudited Accounts for the Year Ended 30 September 2016 |
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Absolute Property Management |
Solutions Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 30 September 2016 |
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Absolute Property Management |
Solutions Ltd |
Absolute Property Management |
Solutions Ltd (Registered number: 08062130) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 September 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Absolute Property Management |
Solutions Ltd |
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Company Information |
for the Year Ended 30 September 2016 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Incorporated Financial Accountants |
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Absolute Property Management |
Solutions Ltd (Registered number: 08062130) |
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Abbreviated Balance Sheet |
30 September 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 2 |
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Current assets |
Debtors |
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Cash at bank |
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Creditors |
Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one year |
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Net assets/(liabilities) |
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Capital and reserves |
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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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. |
Absolute Property Management |
Solutions Ltd (Registered number: 08062130) |
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Abbreviated Balance Sheet - continued |
30 September 2016 |
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The financial statements were approved by the Board of Directors on
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Absolute Property Management |
Solutions Ltd (Registered number: 08062130) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 September 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Computer equipment | - |
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2. | TANGIBLE FIXED ASSETS |
Total |
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Cost |
Additions |
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At 30 September 2016 |
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Depreciation |
Charge for year |
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At 30 September 2016 |
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Net book value |
At 30 September 2016 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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Included in creditors are directors loans from Mrs R Holmes of £25,000 and Mr A Probert of £25,000 who are also |
shareholders of the company. There are no set terms for repayment and no interest is being charged. |
Absolute Property Management |
Solutions Ltd (Registered number: 08062130) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 September 2016 |
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5. | REVIEW OF BUSINESS |
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Income increased the previous trading year, again generating increased profits year on year, a reinforcement of the |
Company's ongoing stability and development plan. |
The Directors are pleased with this result given market conditions in the property sector, both commercial and |
residential as well as the challenges facing a younger entrant. |
The Company will continue to pursue opportunities and leveraging from its ability to provide a dedicated flexible |
service and react to client needs in an efficient and timely manner. |
The Board has embarked on a number of key initiatives driven by market forces and competitor performance within |
the Company's geographical region of operations and taking advantage of its growing reputation, demonstrable client |
satisfaction and the support of a loyal team of local quality tradesmen. |