Company Registration No. 07214506 (England and Wales)
Absolute Spine Ltd
Unaudited accounts
for the year ended 31 March 2017
Absolute Spine Ltd
Unaudited accounts
Contents
Absolute Spine Ltd
Company Information
for the year ended 31 March 2017
Directors
A A Cole
Mrs D T Cole
Company Number
07214506 (England and Wales)
Registered Office
8 Clumber Road
Ranmoor
Sheffield
S10 3LE
Accountants
CATHY TEW ASSOCIATES
2nd Floor, The Portergate
257 Ecclesall Road
Sheffield
S11 8NX
Absolute Spine Ltd
Statement of financial position
as at 31 March 2017
Tangible assets
3,536
4,238
Cash at bank and in hand
112,438
69,332
Creditors: amounts falling due within one year
(37,227)
(39,457)
Net current assets
86,422
34,800
Called up share capital
100
100
Profit and loss account
89,858
38,938
Shareholders' funds
89,958
39,038
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 6 November 2017.
A A Cole
Director
Company Registration No. 07214506
Absolute Spine Ltd
Notes to the Accounts
for the year ended 31 March 2017
Absolute Spine Ltd is a private company, limited by shares, registered in England and Wales, registration number 07214506. The registered office is 8 Clumber Road, Ranmoor, Sheffield, S10 3LE.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of goods, excluding value added tax.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2016
9,491
1,909
11,400
At 31 March 2017
9,491
1,909
11,400
At 1 April 2016
5,912
1,250
7,162
Charge for the year
537
165
702
At 31 March 2017
6,449
1,415
7,864
At 31 March 2017
3,042
494
3,536
At 31 March 2016
3,579
659
4,238
Absolute Spine Ltd
Notes to the Accounts
for the year ended 31 March 2017
Trade debtors
11,166
4,880
Accrued income and prepayments
45
45
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Creditors: amounts falling due within one year
2017
2016
Taxes and social security
24,260
26,820
Other creditors
1,565
1,768
Loans from directors
11,402
10,869
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 0 (2016: 0).