2013-01-012013-12-3107043268falsetruehttp://www.companieshouse.gov.uk/pt:PlantMachinery2012-12-31http://www.companieshouse.gov.uk/cd:Director12013-01-012013-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2013-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2012-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2013-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2012-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCosts2012-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-01-012013-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-12-31http://www.companieshouse.gov.uk/pt:MotorCars2012-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCosts2013-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2013-01-012013-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-12-31http://www.companieshouse.gov.uk/pt:MotorCars2013-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12012-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2013-01-012013-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCosts2013-01-012013-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-01-012013-12-31http://www.companieshouse.gov.uk/pt:MotorCars2013-01-012013-12-31http://www.companieshouse.gov.uk/2012-01-012012-12-31http://www.companieshouse.gov.uk/2013-01-012013-12-31http://www.companieshouse.gov.uk/2012-12-31http://www.companieshouse.gov.uk/2013-12-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-01-012013-12-31http://www.companieshouse.gov.uk/2012-12-31iso4217:GBPxbrli:sharesxbrli:pure

Registered number: 07043268

ABSOLUTE PROPERTY SERVICES & SOLUTIONS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31/12/2013

Prepared By:

Brookes Butler Limited

Chartered Certified Accountants

1125 Christchurch Road

Bournemouth

Dorset

BH7 6BQ

ABSOLUTE PROPERTY SERVICES & SOLUTIONS LIMITED

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/12/2013
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet		2
Notes to the Abbreviated Accounts		3
The company's registered number is 07043268

ABSOLUTE PROPERTY SERVICES & SOLUTIONS LIMITED

Registered Number: 07043268
BALANCE SHEET AT 31/12/2013
						2013				2012
		Notes				£				£
FIXED ASSETS
Intangible assets		2				-				409
Tangible assets		3				23,190				38,286
						23,190				38,695
CURRENT ASSETS
Stock				141,280				83,159
Debtors (amounts falling due within one year)		4		52,064				60,063
Cash at bank and in hand				23,037				13,303
				216,381				156,525
CREDITORS: Amounts falling due within one year				238,742				194,716
NET CURRENT LIABILITIES						(22,361)				(38,191)
TOTAL ASSETS LESS CURRENT LIABILITIES						829				504
CAPITAL AND RESERVES
Called up share capital		5				100				100
Profit and loss account						729				404
SHAREHOLDERS' FUNDS						829				504
For the year ending 31/12/2013 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 11/02/2014 and signed on their behalf by
Daniel Arthur Joseph HAMER
Director

ABSOLUTE PROPERTY SERVICES & SOLUTIONS LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/12/2013

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1b. Cash Flow Statement

The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).

1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery		reducing balance 25%
Fixtures and Fittings		reducing balance 25%
Equipment		straight line 33%
Motor Cars		reducing balance 25%

1d. Intangible Assets

Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.

1e. Stocks

Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks.

1f. Taxation

Corporation tax payable is provided on taxable profits at the current rates.

Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.

1g. Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

ABSOLUTE PROPERTY SERVICES & SOLUTIONS LIMITED

2. INTANGIBLE FIXED ASSETS
		Development
		Costs		Total
		£		£
Cost
At 01/01/2013		1,633		1,633
At 31/12/2013		1,633		1,633
Depreciation
At 01/01/2013		1,224		1,224
For the year		409		409
At 31/12/2013		1,633		1,633
Net Book Amounts
At 31/12/2013		-		-
At 31/12/2012		409		409

3. TANGIBLE FIXED ASSETS
		Plant and		Fixtures
		Machinery		and Fittings		Equipment		Motor Cars		Total
		£		£		£		£		£
Cost
At 01/01/2013		818		788		4,167		62,908		68,681
Additions		302		-		-		-		302
Disposals		-		-		-		(17,128)		(17,128)
At 31/12/2013		1,120		788		4,167		45,780		51,855
Depreciation
At 01/01/2013		473		315		3,050		26,557		30,395
Disposals		-		-		-		(9,902)		(9,902)
For the year		162		118		610		7,282		8,172
At 31/12/2013		635		433		3,660		23,937		28,665
Net Book Amounts
At 31/12/2013		485		355		507		21,843		23,190
At 31/12/2012		345		473		1,117		36,351		38,286

ABSOLUTE PROPERTY SERVICES & SOLUTIONS LIMITED

4. DEBTORS				2013		2012
				£		£
Amounts falling due within one year:
Trade debtors				52,064		60,063
				52,064		60,063

5. SHARE CAPITAL				2013		2012
				£		£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each				100		100
				100		100