REGISTERED NUMBER: 06163578 (England and Wales)

ABSOLUTE BUILDING SERVICES (NOTTINGHAM)

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

A A Fukes

N D Clews

SECRETARY:

N D Clews

REGISTERED OFFICE:

14 London Road

Newark

Nottinghamshire

NG24 1TW

BUSINESS ADDRESS:

Bank House

29a Plains Road

Nottingham

Nottinghamshire

NG3 5JU

REGISTERED NUMBER:

06163578 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Property, plant and equipment

4

38,125

47,042

CURRENT ASSETS

Debtors

5

1,015,527

946,704

Cash at bank and in hand

807,112

624,479

1,822,639

1,571,183

CREDITORS

Amounts falling due within one year

6

401,086

376,709

NET CURRENT ASSETS

1,421,553

1,194,474

TOTAL ASSETS LESS CURRENT LIABILITIES

1,459,678

1,241,516

PROVISIONS FOR LIABILITIES

3,727

6,168

NET ASSETS

1,455,951

1,235,348

CAPITAL AND RESERVES

Called up share capital

7

3

3

Retained earnings

1,455,948

1,235,345

SHAREHOLDERS' FUNDS

1,455,951

1,235,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 December 2017 and were signed on its behalf by:

A A Fukes - Director

1.	STATUTORY INFORMATION

Absolute Building Services (Nottingham) Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial

Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly

owned subsidiaries within the group.

Revenue

Revenue represents the value of contract work undertaken in the accounting period.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the statement of financial position date.

Deferred tax

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

financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2016 - 6 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

16,200

60,559

76,759

DEPRECIATION

At 1 April 2016

-

29,717

29,717

Charge for year

-

8,917

8,917

At 31 March 2017

-

38,634

38,634

NET BOOK VALUE

At 31 March 2017

16,200

21,925

38,125

At 31 March 2016

16,200

30,842

47,042

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

410,768

341,776

Amounts owed by group undertakings

600,300

600,000

Other debtors

4,459

4,928

1,015,527

946,704

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

188,529

114,025

Taxation and social security

205,949

259,066

Other creditors

6,608

3,618

401,086

376,709

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

3

Ordinary

£1

3

3

8.	OTHER FINANCIAL COMMITMENTS

The company has commitments due as follows:

31.3.17

31.3.16

£

£

Within one year

7,675

7,675

One to two year

7,675

7,675

Two to five years

23,025

23,025

Over five years

9,594

17,269

47,969

55,644

9.	FIRST YEAR ADOPTION

There were no adjustments required on transition to FRS 102.