Absolute Pressure Limited - Period Ending 2014-07-31

Absolute Pressure Limited (Registration number: 06247399)
Abbreviated Balance Sheet
at 31 July 2014

		Note		2014				2013
	£		£		£		£
Fixed assets
Tangible fixed assets						1,269			2,102
Current assets
Debtors				74,889				94,963
Cash at bank and in hand				92,649				69,198
				167,538				164,161
Creditors: Amounts falling due within one year				(42,331)				(37,647)
Net current assets						125,207			126,514
Net assets						126,476			128,616
Capital and reserves
Called up share capital		3		100				100
Profit and loss account				126,376				128,516
Shareholders' funds						126,476			128,616

For the year ending 31 July 2014 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 director acknowledges his 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 director on 5 January 2015

.........................................
Dr Richard Callister
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Absolute Pressure Limited
Notes to the Abbreviated Accounts
for the Year Ended 31 July 2014......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% straight line

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 August 2013	5,700	5,700
Additions	174	174
At 31 July 2014	5,874	5,874
Depreciation
At 1 August 2013	3,598	3,598
Charge for the year	1,007	1,007
At 31 July 2014	4,605	4,605
Net book value
At 31 July 2014	1,269	1,269
At 31 July 2013	2,102	2,102

Page 2

Absolute Pressure Limited
Notes to the Abbreviated Accounts
for the Year Ended 31 July 2014......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014			2013
		No.	£		No.	£
Ordinary of £1 each		100	100		100	100

4	Related party transactions

Director's advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
Dr Richard Callister
Advance/ (Credit)	59,177	(34,708)	93,885	(27,059)

Page 3