Registered Number 04812553

ABSOLUT FORMWORK & SHUTTERING CONTRACTORS LIMITED

Abbreviated Accounts

31 March 2016

ABSOLUT FORMWORK & SHUTTERING CONTRACTORS LIMITED Registered Number 04812553

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 7,985 10,646
7,985 10,646
Current assets
Stocks 641 7,673
Debtors 583 19,037
Cash at bank and in hand 64,481 35,742
65,705 62,452
Creditors: amounts falling due within one year (73,627) (73,020)
Net current assets (liabilities) (7,922) (10,568)
Total assets less current liabilities 63 78
Total net assets (liabilities) 63 78
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 61 76
Shareholders' funds 63 78
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 December 2016

And signed on their behalf by:
S Penhaligon, Director

ABSOLUT FORMWORK & SHUTTERING CONTRACTORS LIMITED Registered Number 04812553

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, Fittings & Equipment 25% reducing balance
Motor Vehicles 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2015 30,808
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 30,808
Depreciation
At 1 April 2015 20,162
Charge for the year 2,661
On disposals -
At 31 March 2016 22,823
Net book values
At 31 March 2016 7,985
At 31 March 2015 10,646
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
2 Ordinary shares of £1 each 2 2