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REGISTERED NUMBER: 05165342 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

ABSOLUTE KITCHENS & BATHROOMS LTD

ABSOLUTE KITCHENS & BATHROOMS LTD (REGISTERED NUMBER: 05165342)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


ABSOLUTE KITCHENS & BATHROOMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2017







DIRECTOR: N Sheehan





SECRETARY: Mrs C Sheehan





REGISTERED OFFICE: 2nd Floor
109 Uxbridge Road
London
W5 5TL





REGISTERED NUMBER: 05165342 (England and Wales)





ACCOUNTANTS: Johnsons, Chartered Accountants
2nd Floor
109 Uxbridge Road
Ealing
London
W5 5TL

ABSOLUTE KITCHENS & BATHROOMS LTD (REGISTERED NUMBER: 05165342)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 JUNE 2017

The director presents his report with the financial statements of the company for the year ended 30 June 2017.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of house refurbishments.

DIRECTOR
N Sheehan held office during the whole of the period from 1 July 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





N Sheehan - Director


17 August 2017

ABSOLUTE KITCHENS & BATHROOMS LTD (REGISTERED NUMBER: 05165342)

INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2017

2017 2016
Notes £    £   

TURNOVER 851,895 654,007

Cost of sales 659,553 511,083
GROSS PROFIT 192,342 142,924

Administrative expenses 41,374 41,038
OPERATING PROFIT 4 150,968 101,886

Interest receivable and similar income 56 51
PROFIT BEFORE TAXATION 151,024 101,937

Tax on profit 5 35,506 16,424
PROFIT FOR THE FINANCIAL YEAR 115,518 85,513

ABSOLUTE KITCHENS & BATHROOMS LTD (REGISTERED NUMBER: 05165342)

BALANCE SHEET
30 JUNE 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 21,763 28,469

CURRENT ASSETS
Debtors 7 12,991 17,253
Cash at bank 106,633 72,826
119,624 90,079
CREDITORS
Amounts falling due within one year 8 67,201 54,390
NET CURRENT ASSETS 52,423 35,689
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,186

64,158

CREDITORS
Amounts falling due after more than one
year

9

(13,598

)

(17,326

)

PROVISIONS FOR LIABILITIES 10 (4,353 ) -
NET ASSETS 56,235 46,832

CAPITAL AND RESERVES
Called up share capital 11 4 4
Retained earnings 12 56,231 46,828
SHAREHOLDERS' FUNDS 56,235 46,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 KITCHENS & BATHROOMS LTD (REGISTERED NUMBER: 05165342)

BALANCE SHEET - continued
30 JUNE 2017


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

The financial statements were approved by the director on 17 August 2017 and were signed by:





N Sheehan - Director


ABSOLUTE KITCHENS & BATHROOMS LTD (REGISTERED NUMBER: 05165342)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017

1. STATUTORY INFORMATION

Absolute Kitchens & Bathrooms Ltd 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.

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.

Turnover
Turnover represents services supplied during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% on reducing balance
Computer equipment - 33.33% on cost

Taxation
Taxation for the year yearcomprises current and deferred tax.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Assets obtained under finance leases are capitalised in the balance sheet and depreciated in accordance with the
final payment due at the end of the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. OPERATING PROFIT

The operating profit is stated after charging:

2017 2016
£    £   
Depreciation - owned assets 2,859 3,401

ABSOLUTE KITCHENS & BATHROOMS LTD (REGISTERED NUMBER: 05165342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2017 2016
£    £   
Current tax:
UK corporation tax 31,153 16,424

Deferred tax 4,353 -
Tax on profit 35,506 16,424

6. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2016
and 30 June 2017 39,885 2,068 41,953
DEPRECIATION
At 1 July 2016 12,794 690 13,484
Charge for year 6,017 689 6,706
At 30 June 2017 18,811 1,379 20,190
NET BOOK VALUE
At 30 June 2017 21,074 689 21,763
At 30 June 2016 27,091 1,378 28,469

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1 July 2016
and 30 June 2017 21,285
DEPRECIATION
At 1 July 2016 5,040
Charge for year 3,847
At 30 June 2017 8,887
NET BOOK VALUE
At 30 June 2017 12,398
At 30 June 2016 16,245

ABSOLUTE KITCHENS & BATHROOMS LTD (REGISTERED NUMBER: 05165342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 10,503 11,040
Other debtors 2,488 6,213
12,991 17,253

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Finance leases 3,824 3,555
Trade creditors 7,877 13,287
Taxation 31,153 16,424
Social security and other taxes 803 5,167
VAT 21,692 10,828
Other creditors 2 3,629
Accrued expenses 1,850 1,500
67,201 54,390

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Finance leases 13,598 17,326

10. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax
Accelerated capital allowances 4,353 -

Deferred
tax
£   
Provided during year 4,353
Balance at 30 June 2017 4,353

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
4 Ordinary £1 4 4

ABSOLUTE KITCHENS & BATHROOMS LTD (REGISTERED NUMBER: 05165342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017

12. RESERVES
Retained
earnings
£   

At 1 July 2016 46,828
Profit for the year 115,518
Dividends (106,115 )
At 30 June 2017 56,231