| Absolute Harmony Limited |
Registered number |
| Abbreviated Balance Sheet |
07356687 |
| as at 31 August 2016 |
|
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
3,600 |
|
|
4,500 |
| Tangible assets |
3 |
|
|
1,937 |
|
|
2,582 |
|
|
|
|
5,537 |
|
|
7,082 |
|
| Current assets |
| Debtors |
|
|
3,996 |
|
|
4,189 |
| Cash at bank and in hand |
|
|
2,569 |
|
|
2,801 |
|
|
|
6,565 |
|
|
6,990 |
|
| Creditors: amounts falling due within one year |
|
|
(11,249) |
|
|
(11,555) |
|
| Net current liabilities |
|
|
|
(4,684) |
|
|
(4,565) |
|
| Net assets |
|
|
|
853 |
|
|
2,517 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
852 |
|
|
2,516 |
|
| Shareholders' funds |
|
|
|
853 |
|
|
2,517 |
|
|
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| D Williams |
| Director |
| Approved by the board on 7 August 2017 |
|
| Absolute Harmony Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 August 2016 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the amount receivable by the company for goods and services supplied. |
|
|
Goodwill and amortisation |
|
Purchased goodwill is capitalised and is being amortised over its estimated useful life at the rate of 10% p.a. on the reducing balance basis. |
|
|
Tangible fixed assets and depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: |
|
Equipment - |
25% on the reducing balance basis |
|
|
| 2 |
Intangible fixed assets |
| £ |
|
Cost |
|
At 1 September 2015 |
9,000 |
|
At 31 August 2016 |
9,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 September 2015 |
4,500 |
|
Provided during the year |
900 |
|
At 31 August 2016 |
5,400 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2016 |
3,600 |
|
At 31 August 2015 |
4,500 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
| £ |
|
Cost |
|
At 1 September 2015 |
4,989 |
|
At 31 August 2016 |
4,989 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2015 |
2,407 |
|
Charge for the year |
645 |
|
At 31 August 2016 |
3,052 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2016 |
1,937 |
|
At 31 August 2015 |
2,582 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|