Registered Number 03480218

ABSOLUTE PROPERTY MANAGEMENT LTD

Abbreviated Accounts

31 May 2016

ABSOLUTE PROPERTY MANAGEMENT LTD Registered Number 03480218

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 9,976 2,948
9,976 2,948
Current assets
Stocks - 8,980
Debtors 17,285 836
Cash at bank and in hand 283,937 301,602
301,222 311,418
Creditors: amounts falling due within one year (225,748) (301,934)
Net current assets (liabilities) 75,474 9,484
Total assets less current liabilities 85,450 12,432
Total net assets (liabilities) 85,450 12,432
Capital and reserves
Called up share capital 2 2
Profit and loss account 85,448 12,430
Shareholders' funds 85,450 12,432
  • For the year ending 31 May 2016 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 February 2017

And signed on their behalf by:
C L Bennett, Director

ABSOLUTE PROPERTY MANAGEMENT LTD Registered Number 03480218

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated
to write off the cost less estimated residual value of each asset over its expected useful life
as follows:

Computer equipment 20% straight line
Fixtures fittings and equipment 20% straight line
Motor vehicles 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 June 2015 25,579
Additions 10,500
Disposals -
Revaluations -
Transfers -
At 31 May 2016 36,079
Depreciation
At 1 June 2015 22,631
Charge for the year 3,472
On disposals -
At 31 May 2016 26,103
Net book values
At 31 May 2016 9,976
At 31 May 2015 2,948