REGISTERED NUMBER: 03579844 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Absolute Solution Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs S G Oliver

L Oliver

SECRETARY:

REGISTERED OFFICE:

Alban House

22a The Commons

Hatfield

Hertfordshire

AL10 0ND

REGISTERED NUMBER:

03579844 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

The White House

162 Hucclecote Road

Hucclecote

Gloucester

Gloucestershire

GL3 3SH

FIXED ASSETS

Tangible assets

2

2,552

2,685

CURRENT ASSETS

Debtors

46,775

40,031

Prepayments and accrued income

6,387

3,589

Cash at bank

33,026

36,948

86,188

80,568

CREDITORS

Amounts falling due within one year

67,132

65,546

NET CURRENT ASSETS

19,056

15,022

TOTAL ASSETS LESS CURRENT LIABILITIES

21,608

17,707

CAPITAL AND RESERVES

Called up share capital

3

99

99

Profit and loss account

21,509

17,608

SHAREHOLDERS' FUNDS

21,608

17,707

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

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

The directors acknowledge their 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 Board of Directors on 18 November 2016 and were signed on its behalf by:

Mrs S G Oliver - 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, 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.

Office equipment

-

20% on reducing balance

Hire purchase and leasing commitments

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

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 April 2015

16,237

Additions

505

At 31 March 2016

16,742

Depreciation

At 1 April 2015

13,552

Charge for year

638

At 31 March 2016

14,190

Net book value

At 31 March 2016

2,552

At 31 March 2015

2,685

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

£

99

Ordinary

£1

99

99

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2016 and

31 March 2015:

31/3/16

31/3/15

£

£

Mrs S G Oliver

Balance outstanding at start of year

(406

)

(2,832

)

Amounts advanced

388

3,632

Amounts repaid

(1,896

)

(1,206

)

Balance outstanding at end of year

(1,914

)

(406

)

L Oliver

Balance outstanding at start of year

-

-

Amounts advanced

138

-

Amounts repaid

(670

)

-

Balance outstanding at end of year

(532

)

-

The above loans from the directors, included within other creditors, are interest free and have no fixed

repayment date.