REGISTERED NUMBER: 06203874 (England and Wales)

Abbreviated Accounts for the Year Ended 28 February 2016

for

Absolute Trading (Uk) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

H Foster

REGISTERED OFFICE:

Unit 11

Paula Works

Charnock Road

Liverpool

Merseyside

L9 7ET

REGISTERED NUMBER:

06203874 (England and Wales)

ACCOUNTANTS:

Cobham Murphy Limited

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

2

15,917

19,923

CURRENT ASSETS

Stocks

15,000

21,067

Debtors

419

-

Cash at bank and in hand

43

2,851

15,462

23,918

CREDITORS

Amounts falling due within one year

158,917

140,106

NET CURRENT LIABILITIES

(143,455

)

(116,188

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(127,538

)

(96,265

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(127,638

)

(96,365

)

SHAREHOLDERS' FUNDS

(127,538

)

(96,265

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15 September 2016 and were signed by:

H Foster - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 etc

-

20% on cost and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 28 February 2016

47,273

DEPRECIATION

At 1 March 2015

27,350

Charge for year

4,006

At 28 February 2016

31,356

NET BOOK VALUE

At 28 February 2016

15,917

At 28 February 2015

19,923

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.16

28.2.15

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

H Foster, a director, operates a current account to which transactions of a private nature are charged. Included in

other creditors as at 28th February 2016 is £99,699 (2015 £92,020) owing to H Foster.

5.	RELATED PARTY DISCLOSURES

H Foster is also a director of Pace Homes Limited. Included in other creditors as at 28th February 2016 is

£17,302 (2015 £17,302) owing to Pace Homes Limited.

6.	CONTROLLING PARTIES

At the balance sheet date the controlling parties were H Foster and S Foster by virtue of their shareholdings.