Registered Number 03715705

ABSOLUTE MUSEUM & GALLERY PRODUCTS LTD

Abbreviated Accounts

30 April 2016

ABSOLUTE MUSEUM & GALLERY PRODUCTS LTD Registered Number 03715705

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 550,688 73,582
550,688 73,582
Current assets
Stocks 127,076 130,155
Debtors 144,117 125,199
Cash at bank and in hand 67,622 76,322
338,815 331,676
Creditors: amounts falling due within one year (429,201) (96,312)
Net current assets (liabilities) (90,386) 235,364
Total assets less current liabilities 460,302 308,946
Provisions for liabilities (17,395) (14,664)
Total net assets (liabilities) 442,907 294,282
Capital and reserves
Called up share capital 100 100
Profit and loss account 442,807 294,182
Shareholders' funds 442,907 294,282
  • For the year ending 30 April 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 28 February 2017

And signed on their behalf by:
S Sprague, Director

ABSOLUTE MUSEUM & GALLERY PRODUCTS LTD Registered Number 03715705

Notes to the Abbreviated Accounts for the period ended 30 April 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 net invoiced sales of goods, excluding value added tax.

2Tangible fixed assets
£
Cost
At 1 May 2015 175,679
Additions 509,946
Disposals -
Revaluations -
Transfers -
At 30 April 2016 685,625
Depreciation
At 1 May 2015 102,097
Charge for the year 32,840
On disposals -
At 30 April 2016 134,937
Net book values
At 30 April 2016 550,688
At 30 April 2015 73,582