07122547falsethe sale of accounting software and associated activities2017-01-012017-12-31http://www.companieshouse.gov.uk/2016-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2016-12-31http://www.companieshouse.gov.uk/cd:Director12017-01-012017-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2017-12-31http://www.companieshouse.gov.uk/cd:Director22017-01-012017-12-31http://www.companieshouse.gov.uk/cd:Director32017-01-012017-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2016-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12017-01-012017-12-31http://www.companieshouse.gov.uk/pt:MotorCars2016-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2017-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2017-01-012017-12-31http://www.companieshouse.gov.uk/pt:MotorCars2017-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2017-01-012017-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2017-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2016-12-31http://www.companieshouse.gov.uk/2017-01-012017-12-31http://www.companieshouse.gov.uk/2016-12-31http://www.companieshouse.gov.uk/cd:FRS1022017-01-012017-12-31http://www.companieshouse.gov.uk/2017-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2017-01-012017-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2017-01-012017-12-31iso4217:GBPxbrli:sharesxbrli:pure

Registered number: 07122547

Absolute Accounting Software Limited

ACCOUNTS

FOR THE YEAR ENDED 31/12/2017

Absolute Accounting Software Limited

ACCOUNTS

FOR THE YEAR ENDED 31/12/2017

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 THEYEARENDED31/12/2017
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 31/12/2017
						2017				2016
		Notes				£				£
FIXED ASSETS
Tangible assets		2				84,516				43,876
CURRENT ASSETS
Debtors		3		652				1,517
Cash at bank and in hand				180,980				181,754
				181,632				183,271
CREDITORS: Amounts falling due within one year		4		61,764				116,144
NET CURRENT ASSETS						119,868				67,127
TOTAL ASSETS LESS CURRENT LIABILITIES						204,384				111,003
CAPITAL AND RESERVES
Called up share capital		6				10,000				10,000
Profit and loss account						194,384				101,003
SHAREHOLDERS' FUNDS						204,384				111,003
For the year ending 31/12/2017 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/08/2018 and signed on their behalf by
.............................
Timothy James Good
Director

Absolute Accounting Software Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/12/2017

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 01/01/2017		5,429		72,280		77,709
Additions		2,087		125,080		127,167
Disposals		(2,457)		(72,280)		(74,737)
At 31/12/2017		5,059		125,080		130,139
Depreciation
At 01/01/2017		3,136		30,697		33,833
Disposals		(2,146)		(30,697)		(32,843)
For the year		864		43,769		44,633
At 31/12/2017		1,854		43,769		45,623
Net Book Amounts
At 31/12/2017		3,205		81,311		84,516
At 31/12/2016		2,293		41,583		43,876

3. DEBTORS				2017		2016
				£		£
Amounts falling due within one year
Trade debtors				652		1,517
				652		1,517

Absolute Accounting Software Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2017		2016
				£		£
UK corporation tax				12,570		14,337
VAT				4,546		6,469
PAYE control				7,197		2,825
Directors current account				1,068		-
Trade creditors				8,186		8,450
Accruals				28,197		84,063
				61,764		116,144

5. EMPLOYEES
				2017		2016
				No.		No.
Average number of employees				6		5

6. SHARE CAPITAL				2017		2016
				£		£
Allotted, issued and fully paid:
10,000 Ordinary shares of £1 each				10,000		10,000
				10,000		10,000

7. RELATED PARTY TRANSACTIONS

At 31st December 2017, Absolute Accounting Software Limited owed £1,068 to Timothy James Good, Director. (31st December 2016: £0)