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REGISTERED NUMBER: 05539935 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2017

for

Absolute Glass Limited

Absolute Glass Limited (Registered number: 05539935)






Contents of the Financial Statements
for the Year Ended 31 August 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Absolute Glass Limited

Company Information
for the Year Ended 31 August 2017







DIRECTORS: M Kneller
Mrs T Kneller
M Knight
Miss K Lidbury





SECRETARY: Mrs T Kneller





REGISTERED OFFICE: First Floor Office
Westerham Garage
190 London Road
Westerham
Kent
TN16 2DJ





REGISTERED NUMBER: 05539935 (England and Wales)





ACCOUNTANTS: AFS Accountants
First Floor Office
Westerham Garage
190 London Road
Westerham
Kent
TN16 2DJ

Absolute Glass Limited (Registered number: 05539935)

Balance Sheet
31 August 2017

31.8.17 31.8.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,327 10,719
19,327 10,719

CURRENT ASSETS
Stocks 8,275 8,295
Debtors 6 16,017 23,421
Cash at bank 10,042 5,415
34,334 37,131
CREDITORS
Amounts falling due within one year 7 38,047 47,123
NET CURRENT LIABILITIES (3,713 ) (9,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,614

727

CREDITORS
Amounts falling due after more than one
year

8

15,434

486
NET ASSETS 180 241

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80 141
SHAREHOLDERS' FUNDS 180 241

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Absolute Glass Limited (Registered number: 05539935)

Balance Sheet - continued
31 August 2017


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 27 April 2018 and were signed on its behalf by:




M Kneller - Director Mrs T Kneller - Director




M Knight - Director Miss K Lidbury - Director


Absolute Glass Limited (Registered number: 05539935)

Notes to the Financial Statements
for the Year Ended 31 August 2017

1. STATUTORY INFORMATION

Absolute Glass 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

Absolute Glass Limited (Registered number: 05539935)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2016
and 31 August 2017 68,000
AMORTISATION
At 1 September 2016
and 31 August 2017 68,000
NET BOOK VALUE
At 31 August 2017 -
At 31 August 2016 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2016 53,217
Additions 18,995
Disposals (9,350 )
At 31 August 2017 62,862
DEPRECIATION
At 1 September 2016 42,498
Charge for year 6,443
Eliminated on disposal (5,406 )
At 31 August 2017 43,535
NET BOOK VALUE
At 31 August 2017 19,327
At 31 August 2016 10,719

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
£    £   
Trade debtors 11,044 23,036
Other debtors 4,973 385
16,017 23,421

Absolute Glass Limited (Registered number: 05539935)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
£    £   
Trade creditors 5,393 5,554
Taxation and social security 9,991 10,828
Other creditors 22,663 30,741
38,047 47,123

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.17 31.8.16
£    £   
Hire purchase contracts 15,434 486