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REGISTERED NUMBER: 07123866 (England and Wales)















Absolute Contract Solutions Ltd

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2012






Absolute Contract Solutions Ltd (Registered number: 07123866)






Contents of the Abbreviated Accounts
for the year ended 31 December 2012




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

Absolute Contract Solutions Ltd

Company Information
for the year ended 31 December 2012







DIRECTOR: G P Henderson





REGISTERED OFFICE: 5 Fairway Drive
Rednal
Birmingham
West Midlands
B45 9QS





REGISTERED NUMBER: 07123866 (England and Wales)





ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN

Absolute Contract Solutions Ltd (Registered number: 07123866)

Abbreviated Balance Sheet
31 December 2012

31.12.12 31.12.11
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 4,500 6,500
Tangible assets 3 3,701 4,935
8,201 11,435

CURRENT ASSETS
Debtors 3,700 3,559
Cash at bank 7,610 2,909
11,310 6,468
CREDITORS
Amounts falling due within one year 14,582 9,956
NET CURRENT LIABILITIES (3,272 ) (3,488 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,929

7,947

PROVISIONS FOR LIABILITIES 987 987
NET ASSETS 3,942 6,960

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 3,941 6,959
SHAREHOLDERS' FUNDS 3,942 6,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2012 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 Contract Solutions Ltd (Registered number: 07123866)

Abbreviated Balance Sheet - continued
31 December 2012


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


The financial statements were approved by the director on 30 September 2013 and were signed by:





G P Henderson - Director


Absolute Contract Solutions Ltd (Registered number: 07123866)

Notes to the Abbreviated Accounts
for the year ended 31 December 2012

1. ACCOUNTING POLICIES

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 April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

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

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Going concern basis of accounting
The accounts have been prepared on the assumption that the company is able to carry on business as a
going concern, which the directors consider appropriate having regard to the circumstances outlined
in a note to the accounts.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2012
and 31 December 2012 10,000
AMORTISATION
At 1 January 2012 3,500
Amortisation for year 2,000
At 31 December 2012 5,500
NET BOOK VALUE

At 31 December 2012 4,500
At 31 December 2011 6,500

Absolute Contract Solutions Ltd (Registered number: 07123866)

Notes to the Abbreviated Accounts - continued
for the year ended 31 December 2012

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2012
and 31 December 2012 8,098
DEPRECIATION
At 1 January 2012 3,163
Charge for year 1,234
At 31 December 2012 4,397
NET BOOK VALUE
At 31 December 2012 3,701
At 31 December 2011 4,935

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.12 31.12.11
value: £    £   
1 Ordinary 1 1 1

5. GOING CONCERN

The director will continue to support the company and as a result the director has adopted the going
concern basis of accounting.