Registered Number 05524010

ABSOLUTELY FABRICS UK LIMITED

Abbreviated Accounts

30 August 2016

ABSOLUTELY FABRICS UK LIMITED Registered Number 05524010

Abbreviated Balance Sheet as at 30 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 70,597 74,348
70,597 74,348
Current assets
Stocks 79,435 69,372
Cash at bank and in hand 27,944 22,316
107,379 91,688
Prepayments and accrued income 1,007 1,007
Creditors: amounts falling due within one year (98,529) (79,702)
Net current assets (liabilities) 9,857 12,993
Total assets less current liabilities 80,454 87,341
Creditors: amounts falling due after more than one year (66,002) (68,094)
Provisions for liabilities (13,370) (14,306)
Total net assets (liabilities) 1,082 4,941
Capital and reserves
Called up share capital 100 100
Profit and loss account 982 4,841
Shareholders' funds 1,082 4,941
  • For the year ending 30 August 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 25 August 2017

And signed on their behalf by:
Mrs Y. Mockett, Director

ABSOLUTELY FABRICS UK LIMITED Registered Number 05524010

Notes to the Abbreviated Accounts for the period ended 30 August 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 FRSSE 2015

Turnover policy
Turnover in the profit and loss account in net of vat.

Tangible assets depreciation policy
Fixed assets are recorded at cost.

Depreciation is provided to reduce cost to the net realisable value.

2Tangible fixed assets
£
Cost
At 1 September 2015 98,492
Additions -
Disposals -
Revaluations -
Transfers -
At 30 August 2016 98,492
Depreciation
At 1 September 2015 24,144
Charge for the year 3,751
On disposals -
At 30 August 2016 27,895
Net book values
At 30 August 2016 70,597
At 31 August 2015 74,348