Absolute Printwear Limited

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 04994757

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	6		4,502		5,296

			4,502		5,296
CURRENT ASSETS
Stocks	7	5,200		5,200
Debtors	8	10,170		8,819
Cash at bank and in hand		43		43

		15,413		14,062
Creditors: Amounts Falling Due Within One Year	9	(19,910 )		(19,067 )

NET CURRENT ASSETS (LIABILITIES)			(4,497 )		(5,005 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5		291

NET ASSETS			5		291

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and loss account			4		290

SHAREHOLDERS' FUNDS			5		291

Page 1

Balance Sheet (continued)

As at 31 December 2016

For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

On behalf of the board

Mr Richard Morgan

29/09/2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 January 2015	1	3,773	3,774
Profit for the year and total comprehensive income	-	4,767	4,767

Dividends paid	-	(8,250)	(8,250)

As at 31 December 2015 and 1 January 2016	1	290	291


Profit for the year and total comprehensive income	-	564	564

Dividends paid	-	(850)	(850)

As at 31 December 2016	1	4	5

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

15%

1.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

1.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

3. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2016	2015
	£	£
Wages and salaries	5,800	3,344

	5,800	3,344

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	2016		2015

5. Interest Payable

	2016	2015
	£	£
Bank loans and overdrafts	955	1,021

	955	1,021

Page 4

Absolute Printwear Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 December 2016

6. Tangible Assets


	Plant & Machinery
	£
Cost
As at 1 January 2016	22,603

As at 31 December 2016	22,603

Depreciation
As at 1 January 2016	17,307
Provided during the period	794

As at 31 December 2016	18,101

Net Book Value
As at 31 December 2016	4,502

As at 1 January 2016	5,296

7. Stocks

	2016	2015
	£	£
Stock - finished goods	5,200	5,200

	5,200	5,200

8. Debtors

	2016	2015
	£	£
Due within one year
Trade debtors	10,170	8,819

	10,170	8,819

9. Creditors: Amounts Falling Due Within One Year

	2016	2015
	£	£
Trade creditors	19,910	19,067

	19,910	19,067

10. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	1	1	1

Page 5

Absolute Printwear Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 December 2016

11. Transactions With and Loans to Directors

Dividends paid to directors

12. Dividends

	2016	2015
	£	£
On equity shares:
Final dividend paid	850	8,250

	850	8,250

13. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

14. General Information

Absolute Printwear Limited Registered number 04994757 is a limited by shares company incorporated in England & Wales. The Registered Office is 3 Maes Wyre, Llanrhystud, Aberystwyth, SY23 5AH.