Registered Number 04572413

ABSOLUTE AUDIO VISUAL SOLUTIONS LIMITED

Abbreviated Accounts

31 December 2012

ABSOLUTE AUDIO VISUAL SOLUTIONS LIMITED Registered Number 04572413

Abbreviated Balance Sheet as at 31 December 2012

Notes 2012 2011
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 340,575 297,292
Investments - -
340,575 297,292
Current assets
Stocks 25,000 25,000
Debtors 294,133 375,389
Investments - -
Cash at bank and in hand 115,734 99,398
434,867 499,787
Prepayments and accrued income - -
Creditors: amounts falling due within one year (256,029) (314,723)
Net current assets (liabilities) 178,838 185,064
Total assets less current liabilities 519,413 482,356
Creditors: amounts falling due after more than one year (19,264) (18,740)
Provisions for liabilities (7,289) (21,098)
Total net assets (liabilities) 492,860 442,518
Capital and reserves
Called up share capital 51,000 51,000
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 441,860 391,518
Shareholders' funds 492,860 442,518
  • For the year ending 31 December 2012 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 26 September 2013

And signed on their behalf by:
A. T. Parmee, Director

ABSOLUTE AUDIO VISUAL SOLUTIONS LIMITED Registered Number 04572413

Notes to the Abbreviated Accounts for the period ended 31 December 2012

1Accounting Policies

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

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

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives :
Short Leasehold Properties Straight line 14%
Computers and Studio Equipment Straight line 33%
Commercial Vehicles Reducing balance 25%
Plant and Office Equipment Reducing balance 15%
Hire Equipment Straight line 33%

2Tangible fixed assets
£
Cost
At 1 January 2012 853,516
Additions 231,529
Disposals (42,712)
Revaluations 0
Transfers 0
At 31 December 2012 1,042,333
Depreciation
At 1 January 2012 556,224
Charge for the year 177,457
On disposals (31,923)
At 31 December 2012 701,758
Net book values
At 31 December 2012 340,575
At 31 December 2011 297,292

3Transactions with directors

The company paid rent of £52,130 (2011 : £36,000) to Cheyney Estates LLP, in which Mr. R.J.Parmee is a partner.