REGISTERED NUMBER: 04146553 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

FOR

ABSOLUTE COVERINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S Rams

SECRETARY:

S Rams

REGISTERED OFFICE:

Astral House

Granville Way

Bicester

Oxfordshire

OX26 4JT

REGISTERED NUMBER:

04146553 (England and Wales)

ACCOUNTANTS:

Logan & Brewerton

Chartered Certified Accountants

Astral House

Granville Way

Bicester

Oxfordshire

OX26 4JT

FIXED ASSETS

Tangible assets

2

2,025

2,342

CURRENT ASSETS

Stocks

27,312

26,079

Debtors

101,775

77,213

Cash at bank

63,793

13,732

192,880

117,024

CREDITORS

Amounts falling due within one year

3

79,644

68,269

NET CURRENT ASSETS

113,236

48,755

TOTAL ASSETS LESS CURRENT LIABILITIES

115,261

51,097

CREDITORS

Amounts falling due after more than one year

3

-

(792

)

PROVISIONS FOR LIABILITIES

(15,533

)

(13,140

)

NET ASSETS

99,728

37,165

CAPITAL AND RESERVES

Called up share capital

4

2,000

2,000

Profit and loss account

97,728

35,165

SHAREHOLDERS' FUNDS

99,728

37,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 April 2017 and were signed by:

S Rams - 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).

Turnover

Turnover represents net invoiced sales of goods and services, 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 cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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

Deferred tax

Deferred tax is recognised in respect of all material 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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

20,771

Additions

2,500

At 31 July 2016

23,271

DEPRECIATION

At 1 August 2015

18,429

Charge for year

2,817

At 31 July 2016

21,246

NET BOOK VALUE

At 31 July 2016

2,025

At 31 July 2015

2,342

3.

CREDITORS

Creditors include an amount of £ 792 (2015 - £ 2,692 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2,000

Ordinary

£1

2,000

2,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors have provided office space to the company at an annual charge of £840 (2015: £840)