Registered Number 05058510

ABSOLUTE BUSINESS FINANCE LIMITED

Abbreviated Accounts

31 December 2013

ABSOLUTE BUSINESS FINANCE LIMITED Registered Number 05058510

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 2,536 1,398
2,536 1,398
Current assets
Debtors 10,190 18,977
Cash at bank and in hand 22,525 18,269
32,715 37,246
Creditors: amounts falling due within one year (23,650) (36,697)
Net current assets (liabilities) 9,065 549
Total assets less current liabilities 11,601 1,947
Total net assets (liabilities) 11,601 1,947
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 11,501 1,847
Shareholders' funds 11,601 1,947
  • For the year ending 31 December 2013 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 18 February 2014

And signed on their behalf by:
Janet McClellan, Director

ABSOLUTE BUSINESS FINANCE LIMITED Registered Number 05058510

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery etc. - 33% on reducing balance

2Tangible fixed assets
£
Cost
At 1 January 2013 3,675
Additions 2,224
Disposals -
Revaluations -
Transfers -
At 31 December 2013 5,899
Depreciation
At 1 January 2013 2,277
Charge for the year 1,086
On disposals -
At 31 December 2013 3,363
Net book values
At 31 December 2013 2,536
At 31 December 2012 1,398
3Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
100 Ordinary shares of £1 each 100 100