REGISTERED NUMBER: 07381048 (England and Wales)

Abbreviated Unaudited Accounts

for the year ended

30th September 2016

for

Absolute Reflections Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Gunes

G Sheridan

REGISTERED OFFICE:

12b Sun Street

Waltham Abbey

Essex

EN9 1EE

REGISTERED NUMBER:

07381048 (England and Wales)

ACCOUNTANTS:

Apple Accounting Services Ltd

Chartered Management Accountants

12b Sun Street

Waltham Abbey

Essex

EN9 1EE

FIXED ASSETS

Tangible assets

2

26,365

42,440

CURRENT ASSETS

Stocks

7,534

-

Debtors

70,982

66,324

Cash at bank and in hand

129,757

99,666

208,273

165,990

CREDITORS

Amounts falling due within one year

67,409

72,028

NET CURRENT ASSETS

140,864

93,962

TOTAL ASSETS LESS CURRENT LIABILITIES

167,229

136,402

CREDITORS

Amounts falling due after more than one year

-

(884

)

PROVISIONS FOR LIABILITIES

(5,273

)

(8,488

)

NET ASSETS

161,956

127,030

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

161,954

127,028

SHAREHOLDERS' FUNDS

161,956

127,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 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 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 Board of Directors on 15th May 2017 and were signed on its behalf by:

G Sheridan - Director

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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

81,429

Additions

529

Disposals

(10,000

)

At 30th September 2016

71,958

DEPRECIATION

At 1st October 2015

38,989

Charge for year

9,347

Eliminated on disposal

(2,743

)

At 30th September 2016

45,593

NET BOOK VALUE

At 30th September 2016

26,365

At 30th September 2015

42,440

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2