Registered Number 01521125

ABSOLUTE SOUNDS LIMITED

Abbreviated Accounts

30 April 2016

ABSOLUTE SOUNDS LIMITED Registered Number 01521125

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 1 1
Tangible assets 3 - -
1 1
Current assets
Stocks 633,269 860,432
Debtors 573,816 707,095
Cash at bank and in hand 500 -
1,207,585 1,567,527
Creditors: amounts falling due within one year (815,930) (987,461)
Net current assets (liabilities) 391,655 580,066
Total assets less current liabilities 391,656 580,067
Creditors: amounts falling due after more than one year (101,001) (276,573)
Accruals and deferred income (104,127) (106,127)
Total net assets (liabilities) 186,528 197,367
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 186,428 197,267
Shareholders' funds 186,528 197,367
  • 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 27 January 2017

And signed on their behalf by:
Ricardo Franassovici, Director

ABSOLUTE SOUNDS LIMITED Registered Number 01521125

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 January 2015.

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

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Other accounting policies
Foreign currencies
assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transaction in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.exchange differences are taken into account in arriving at the operating result.

2Intangible fixed assets
£
Cost
At 1 May 2015 48,080
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2016 48,080
Amortisation
At 1 May 2015 48,079
Charge for the year -
On disposals -
At 30 April 2016 48,079
Net book values
At 30 April 2016 1
At 30 April 2015 1
3Tangible fixed assets
£
Cost
At 1 May 2015 184,099
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2016 184,099
Depreciation
At 1 May 2015 184,099
Charge for the year -
On disposals -
At 30 April 2016 184,099
Net book values
At 30 April 2016 0
At 30 April 2015 0
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100