REGISTERED NUMBER: 04089118 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2017

for

Absolute Network Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N E Davies

S Williams

REGISTERED OFFICE:

30 Birkenhead Road

Hoylake

Wirral

Merseyside

CH47 3BW

REGISTERED NUMBER:

04089118 (England and Wales)

ACCOUNTANTS:

Graham & Fisher Limited

T/A Grahams

Chartered Accountants

30 Birkenhead Road

Hoylake

Wirral

CH47 3BW

FIXED ASSETS

Tangible assets

4

2,348

3,636

Investment property

5

97,861

97,861

100,209

101,497

CURRENT ASSETS

Debtors

6

43,492

26,557

Cash at bank and in hand

104,819

129,692

148,311

156,249

CREDITORS

Amounts falling due within one year

7

93,225

108,640

NET CURRENT ASSETS

55,086

47,609

TOTAL ASSETS LESS CURRENT LIABILITIES

155,295

149,106

PROVISIONS FOR LIABILITIES

344

574

NET ASSETS

154,951

148,532

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

154,851

148,432

SHAREHOLDERS' FUNDS

154,951

148,532

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 5 July 2018 and were signed on its behalf by:

N E Davies - Director

S Williams - Director

1.	STATUTORY INFORMATION

Absolute Network Solutions 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax

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

sheet 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.

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 5 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 November 2016

105,487

Additions

3,522

At 31 October 2017

109,009

DEPRECIATION

At 1 November 2016

101,851

Charge for year

4,810

At 31 October 2017

106,661

NET BOOK VALUE

At 31 October 2017

2,348

At 31 October 2016

3,636

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2016

and 31 October 2017

97,861

NET BOOK VALUE

At 31 October 2017

97,861

At 31 October 2016

97,861

The investment properties, being the freehold land and buildings, were valued by the directors at open market

value. The directors consider that the net book value as at 31 October 2017 has not changed significantly from

this valuation and as such the valuation is still appropriate. In respect of certain fixed assets stated at valuations,

the comparable historical cost was £97,861 (2016 £97,861).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

39,727

10,548

Other debtors

1,310

15,030

Prepayments

2,455

979

43,492

26,557

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

6,304

6,788

Tax

38,386

38,857

Social security and other taxes

-

522

VAT

13,184

9,374

Other creditors

2,399

3,351

Directors' current accounts

14,490

23,904

Accruals & deferred income

18,462

25,844

93,225

108,640

8.

RESERVES

Retained

earnings

£

At 1 November 2016

148,432

Profit for the year

150,419

Dividends

(144,000

)

At 31 October 2017

154,851