ABSOLUTELY ANIMALS LIMITED
Registered number: 06623133
Balance Sheet
as at 30 June 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 11,296 10,721
Investments 3 40,173 -
51,469 10,721
Current assets
Debtors 4 3,640 1,208
Cash at bank and in hand 34,317 73,250
37,957 74,458
Creditors: amounts falling due within one year 5 (32,075) (34,067)
Net current assets 5,882 40,391
Total assets less current liabilities 57,351 51,112
Creditors: amounts falling due after more than one year 6 (16,171) (18,423)
Net assets 41,180 32,689
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 40,180 31,689
Shareholders' funds 41,180 32,689
The directors are 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 directors acknowledge their 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ANDERTON Heidi
Director
Approved by the board on 13 February 2018
ABSOLUTELY ANIMALS LIMITED
Notes to the Accounts
for the year ended 30 June 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2016 7,243 11,312 18,555
Additions - 1,926 1,926
At 30 June 2017 7,243 13,238 20,481
Depreciation
At 1 July 2016 - 7,834 7,834
Charge for the year - 1,351 1,351
At 30 June 2017 - 9,185 9,185
Net book value
At 30 June 2017 7,243 4,053 11,296
At 30 June 2016 7,243 3,478 10,721
3 Investments
Other
investments
£
Cost
Additions 40,173
At 30 June 2017 40,173
4 Debtors 2017 2016
£ £
Other debtors 3,640 1,208
5 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors 4,379 794
Corporation tax 16,913 19,624
Other taxes and social security costs 8,926 11,799
Other creditors 1,857 1,850
32,075 34,067
6 Creditors: amounts falling due after one year 2017 2016
£ £
Bank loans 16,171 18,423
7 Other information
ABSOLUTELY ANIMALS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
43b Burnt Ash Hill
Lee
London
SE12 0AE
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