Registered Number 06488087

ABSOLUTE AQUATICS LIMITED

Abbreviated Accounts

31 March 2016

ABSOLUTE AQUATICS LIMITED Registered Number 06488087

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 - 9,685
- 9,685
Current assets
Stocks - 11,200
Debtors - 4,968
Cash at bank and in hand - 14,297
- 30,465
Creditors: amounts falling due within one year (34,656) (33,340)
Net current assets (liabilities) (34,656) (2,875)
Total assets less current liabilities (34,656) 6,810
Total net assets (liabilities) (34,656) 6,810
Capital and reserves
Called up share capital 436,025 436,025
Profit and loss account (470,681) (429,215)
Shareholders' funds (34,656) 6,810
  • For the year ending 31 March 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 29 April 2016

And signed on their behalf by:
C Skeoch, Director

ABSOLUTE AQUATICS LIMITED Registered Number 06488087

Notes to the Abbreviated Accounts for the period ended 31 March 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 April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, 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 - 25% on reducing balance and 25% on cost.

2Tangible fixed assets
£
Cost
At 1 April 2015 76,557
Additions -
Disposals (76,557)
Revaluations -
Transfers -
At 31 March 2016 0
Depreciation
At 1 April 2015 66,872
Charge for the year -
On disposals (66,872)
At 31 March 2016 0
Net book values
At 31 March 2016 0
At 31 March 2015 9,685