REGISTERED NUMBER: 04657773 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2017

for

Absolute Products Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N O'Gorman

P Szirbik

SECRETARY:

N O'Gorman

REGISTERED OFFICE:

Gable End

Sparrow Hall Business Park

Leighton Road

Edlesborough

Bedfordshire

LU6 2ES

REGISTERED NUMBER:

04657773 (England and Wales)

ACCOUNTANT:

Riley Accounting Solutions

Gable End

Sparrow Hall Business Park

Leighton Road

Edlesborough

Bedfordshire

LU6 2ES

FIXED ASSETS

Tangible assets

4

1,036

1,861

CURRENT ASSETS

Debtors

5

1,200

-

Cash at bank

169,619

117,757

170,819

117,757

CREDITORS

Amounts falling due within one year

6

82,657

93,937

NET CURRENT ASSETS

88,162

23,820

TOTAL ASSETS LESS CURRENT LIABILITIES

89,198

25,681

CAPITAL AND RESERVES

Called up share capital

600

600

Retained earnings

88,598

25,081

SHAREHOLDERS' FUNDS

89,198

25,681

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

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

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors on 10 November 2017 and were signed on its behalf by:

N O'Gorman - Director

P Szirbik - Director

1.	STATUTORY INFORMATION

Absolute Products 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

33% on cost and 25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

and 31 October 2017

30,716

DEPRECIATION

At 1 November 2016

28,855

Charge for year

825

At 31 October 2017

29,680

NET BOOK VALUE

At 31 October 2017

1,036

At 31 October 2016

1,861

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

1,200

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

53,850

65,948

Taxation and social security

27,907

27,089

Other creditors

900

900

82,657

93,937

7.	ULTIMATE CONTROLLING PARTY