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REGISTERED NUMBER: 03780038 (England and Wales)















Financial Statements for the Year Ended 31 May 2017

for

Absolute Casing Ltd

Absolute Casing Ltd (Registered number: 03780038)






Contents of the Financial Statements
for the Year Ended 31 May 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Absolute Casing Ltd

Company Information
for the Year Ended 31 May 2017







DIRECTORS: Mr E C Franklin
Mrs C H Franklin





SECRETARY: Miss J S Franklin





REGISTERED OFFICE: Unit 1, Apple Pie Farm
Aldworth Road
Compton
Newbury
Berkshire
RG20 6RD





REGISTERED NUMBER: 03780038 (England and Wales)





ACCOUNTANTS: Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF

Absolute Casing Ltd (Registered number: 03780038)

Balance Sheet
31 May 2017

31.5.17 31.5.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 105,301 92,625
105,301 92,625

CURRENT ASSETS
Stocks 37,414 31,671
Debtors 6 168,898 177,025
Cash at bank 33,120 91,515
239,432 300,211
CREDITORS
Amounts falling due within one year 7 227,257 251,766
NET CURRENT ASSETS 12,175 48,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,476

141,070

CREDITORS
Amounts falling due after more than one
year

8

(21,537

)

(4,155

)

PROVISIONS FOR LIABILITIES (19,461 ) (16,986 )
NET ASSETS 76,478 119,929

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,378 119,829
SHAREHOLDERS' FUNDS 76,478 119,929

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Absolute Casing Ltd (Registered number: 03780038)

Balance Sheet - continued
31 May 2017


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 22 February 2018 and were signed on its behalf
by:




Mr E C Franklin - Director



Mrs C H Franklin - Director


Absolute Casing Ltd (Registered number: 03780038)

Notes to the Financial Statements
for the Year Ended 31 May 2017

1. STATUTORY INFORMATION

Absolute Casing Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of nine years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance 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.

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.

Absolute Casing Ltd (Registered number: 03780038)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017

2. ACCOUNTING POLICIES - continued

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 17 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2016
and 31 May 2017 9,000
AMORTISATION
At 1 June 2016
and 31 May 2017 9,000
NET BOOK VALUE
At 31 May 2017 -
At 31 May 2016 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2016 276,472
Additions 29,821
At 31 May 2017 306,293
DEPRECIATION
At 1 June 2016 183,847
Charge for year 17,145
At 31 May 2017 200,992
NET BOOK VALUE
At 31 May 2017 105,301
At 31 May 2016 92,625

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade debtors 160,327 172,976
Other debtors 8,571 4,049
168,898 177,025

Absolute Casing Ltd (Registered number: 03780038)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Hire purchase contracts 9,655 9,673
Trade creditors 125,047 125,019
Taxation and social security 47,829 70,747
Other creditors 44,726 46,327
227,257 251,766

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.17 31.5.16
£    £   
Hire purchase contracts 21,537 4,155

Absolute Casing Ltd

Report of the Accountants to the Directors of
Absolute Casing Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2017 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF


Date: .............................................