2011-09-01 true false Private Limited Company 07339359 2012-08-31 07339359 2011-09-01 2012-08-31 07339359 2011-08-31 07339359 2010-09-01 2011-08-31 07339359 uk-bus:Director1 2011-09-01 2012-08-31 07339359 uk-bus:OrdinaryShareClass1 2012-08-31 iso4217:GBP
Absolutely Ace Ltd
For the year ended 31 August 2012
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07339359
2
Contents Page
Absolutely Ace Ltd
For the year ended 31 August 2012
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
Absolutely Ace Ltd
Accountants' Report
For the year ended 31 August 2012
As described in the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 August 2012 and you consider that the company is exempt from an audit under the Companies Act
2006. 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.
Avon Accountancy Limited
10 Ivy Lane
Ettington
Stratford upon Avon
CV37 7TD
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4
Abbreviated Balance Sheet
Absolutely Ace Ltd
As at 31 August 2012
07339359
Registered Number :
£
£
2011
2012
Notes
Current assets
Stocks
2,720
999
Debtors
94
-
Cash at bank and in hand
10
41
1,009
2,855
Creditors: amounts falling due within one year
(13,616)
(21,508)
(10,761)
(20,499)
Net current liabilities
Total assets less current liabilities
(20,499)
(10,761)
(20,499)
Net liabilities
(10,761)
Capital and reserves
Called up share capital
1
2
1
Profit and loss account
(20,500)
(10,762)
(20,499)
(10,761)
Shareholders funds
For the year ended 31 August 2012 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
2) The director acknowledges her 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.
Date approved by the board: 20 July 2013
Amanda Daniels Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Absolutely Ace Ltd
For the year ended 31 August 2012
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Share capital
Allotted called up and fully paid
2012
2011
£
£
1 Ordinary Shares shares of £1.00 each
1
1
1
1
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