07122547falsethe sale of accounting software and associated activities2016-01-012016-12-31http://www.companieshouse.gov.uk/2015-12-31http://www.companieshouse.gov.uk/cd:Director12016-01-012016-12-31http://www.companieshouse.gov.uk/cd:Director22016-01-012016-12-31http://www.companieshouse.gov.uk/cd:Director32016-01-012016-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-01-012016-12-31http://www.companieshouse.gov.uk/pt:MotorCars2015-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2016-12-31http://www.companieshouse.gov.uk/pt:MotorCars2016-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2016-01-012016-12-31http://www.companieshouse.gov.uk/2016-01-012016-12-31http://www.companieshouse.gov.uk/2015-12-31http://www.companieshouse.gov.uk/cd:FRS1022016-01-012016-12-31http://www.companieshouse.gov.uk/2016-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2016-01-012016-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2016-01-012016-12-31iso4217:GBPxbrli:sharesxbrli:pure

Registered number: 07122547

Absolute Accounting Software Limited

ACCOUNTS

FOR THE YEAR ENDED 31/12/2016

Absolute Accounting Software Limited

ACCOUNTS

FOR THE YEAR ENDED 31/12/2016

DIRECTORS

Timothy James Good

Camilla Coral Scarf

Giles Edward Mooney

REGISTERED OFFICE

Commerce House

Telford Road

Bicester

Oxfordshire

OX26 4LD

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 07122547

Absolute Accounting Software Limited

ACCOUNTS
FOR THEYEARENDED31/12/2016
CONTENTS
		Page
Directors' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

Absolute Accounting Software Limited

BALANCE SHEET AT 31/12/2016
						2016				2015
		Notes				£				£
FIXED ASSETS
Tangible assets		2				43,876				65,614
CURRENT ASSETS
Debtors		3		1,517				3,883
Cash at bank and in hand				181,754				93,706
				183,271				97,589
CREDITORS: Amounts falling due within one year		4		116,144				36,840
NET CURRENT ASSETS						67,127				60,749
TOTAL ASSETS LESS CURRENT LIABILITIES						111,003				126,363
CAPITAL AND RESERVES
Called up share capital		6				10,000				100,000
Profit and loss account						101,003				26,363
SHAREHOLDERS' FUNDS						111,003				126,363
For the year ending 31/12/2016 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 04/09/2017 and signed on their behalf by
.............................
Timothy James Good
Director

Absolute Accounting Software Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/12/2016

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment		reducing balance 25%
Motor Cars		reducing balance 35%

2. TANGIBLE FIXED ASSETS
		Equipment		Motor Cars		Total
		£		£		£
Cost
At 01/01/2016		4,884		71,780		76,664
Additions		670		500		1,170
Disposals		(125)		-		(125)
At 31/12/2016		5,429		72,280		77,709
Depreciation
At 01/01/2016		2,676		8,374		11,050
Disposals		(106)		-		(106)
For the year		566		22,323		22,889
At 31/12/2016		3,136		30,697		33,833
Net Book Amounts
At 31/12/2016		2,293		41,583		43,876
At 31/12/2015		2,208		63,406		65,614

3. DEBTORS				2016		2015
				£		£
Amounts falling due within one year
Trade debtors				1,517		3,883
				1,517		3,883

Absolute Accounting Software Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2016		2015
				£		£
UK corporation tax				14,337		-
VAT				6,469		3,626
PAYE control				2,825		2,644
Directors current account				-		524
Trade creditors				8,450		7,526
Accruals				84,063		22,520
				116,144		36,840

5. EMPLOYEES
				2016		2015
				No.		No.
Average number of employees				5		5

6. SHARE CAPITAL				2016		2015
				£		£
Allotted, issued and fully paid:
10,000 Ordinary shares of £1 each				10,000		100,000
				10,000		100,000