REGISTERED NUMBER: 07414397 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Absolute Challenges Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S W D Butt

REGISTERED OFFICE:

Arndown

7 Elm Hill

Warminster

Wiltshire

BA12 0AU

REGISTERED NUMBER:

07414397 (England and Wales)

ACCOUNTANTS:

Alan Chappell & Co Limited

Financial Accountants & Tax Advisors

5 Wilson & Kennard Yard

Market Place

Warminster

Wiltshire

BA12 9AN

FIXED ASSETS

Tangible assets

3

2,229

2,786

CURRENT ASSETS

Debtors

4

-

400

Cash at bank

7,070

7,418

7,070

7,818

CREDITORS

Amounts falling due within one year

5

31,489

31,248

NET CURRENT LIABILITIES

(24,419

)

(23,430

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,190

)

(20,644

)

RESERVES

Income and expenditure account

(22,190

)

(20,644

)

MEMBERS' FUNDS

(22,190

)

(20,644

)

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 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 surplus or deficit 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 director on 8 November 2017 and were signed by:

S W D Butt - Director

1.	STATUTORY INFORMATION

Absolute Challenges Ltd is a private company, limited by guarantee , 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

-

20% on reducing balance

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

and 31 October 2017

9,497

DEPRECIATION

At 1 November 2016

6,711

Charge for year

557

At 31 October 2017

7,268

NET BOOK VALUE

At 31 October 2017

2,229

At 31 October 2016

2,786

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

-

400

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Other creditors

31,489

31,248

6.	LIMITED BY GUARANTEE

The company is Limited by Guarantee