REGISTERED NUMBER: 03914506 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ABSOLUTE DESIGN SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Savvides

SECRETARY:

Mrs A Ghaemmaghami

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

03914506 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

89,912

90,271

CURRENT ASSETS

Debtors

5

79,655

82,900

Cash at bank and in hand

149,200

81,370

228,855

164,270

CREDITORS

Amounts falling due within one year

6

93,014

98,711

NET CURRENT ASSETS

135,841

65,559

TOTAL ASSETS LESS CURRENT LIABILITIES

225,753

155,830

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

225,653

155,730

SHAREHOLDERS' FUNDS

225,753

155,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 16 June 2017 and were signed by:

A Savvides - Director

1.	STATUTORY INFORMATION

Absolute Design Solutions Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts derived from the provision of services to customers during the year, and is

recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of

VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

72,308

24,496

28,419

32,052

157,275

Additions

-

-

786

7,527

8,313

At 31 March 2017

72,308

24,496

29,205

39,579

165,588

DEPRECIATION

At 1 April 2016

-

23,478

27,108

16,418

67,004

Charge for year

-

336

692

7,644

8,672

At 31 March 2017

-

23,814

27,800

24,062

75,676

NET BOOK VALUE

At 31 March 2017

72,308

682

1,405

15,517

89,912

At 31 March 2016

72,308

1,018

1,311

15,634

90,271

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Deposit for property

77,500

77,500

Prepayments

2,155

5,400

79,655

82,900

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts (see note 7)

8,520

3,298

Corporation tax payable

44,711

59,796

Taxation and social security

4,636

2,392

VAT

24,478

22,817

Other creditors

-

5,000

Director`s current account

669

408

Accrued expenses

10,000

5,000

93,014

98,711

7.

LOANS

An analysis of the maturity of loans is given below:

31.3.17

31.3.16

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

8,520

3,298

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary shares

£1

100

100

9.	RELATED PARTY DISCLOSURES

10.	TRANSITION FROM UK GAAP TO FRS 102

In the transition to FRS 102 from the old UK GAAP, there were no material measurement and recognition

adjustments required.