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Company Registration No. 06924448 (England and Wales)
Absolute Retail Events Solutions Ltd Unaudited accounts for the year ended 31 July 2017
Absolute Retail Events Solutions Ltd Unaudited accounts Contents
Page
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Absolute Retail Events Solutions Ltd Company Information for the year ended 31 July 2017
Directors
J.M. Wakeling J.A. Wakeling
Secretary
J.A. Wakeling
Company Number
06924448 (England and Wales)
Registered Office
Milford House 78 High Street Hadleigh, Benfleet Essex SS7 2PB
Accountants
R.P. Minks and Company Milford House 78 High Street Hadleigh, Benfleet Essex SS7 2PB
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Absolute Retail Events Solutions Ltd Statement of financial position as at 31 July 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,406 
6,854 
Current assets
Debtors
6,696 
35,970 
Cash at bank and in hand
18,635 
10,631 
25,331 
46,601 
Creditors: amounts falling due within one year
(31,395)
(39,629)
Net current (liabilities)/assets
(6,064)
6,972 
Net (liabilities)/assets
(3,658)
13,826 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(4,658)
12,826 
Shareholders' funds
(3,658)
13,826 
For the year ending 31 July 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 April 2018.
J.M. Wakeling Director Company Registration No. 06924448
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Absolute Retail Events Solutions Ltd Notes to the Accounts for the year ended 31 July 2017
1
Statutory information
Absolute Retail Events Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 06924448. The registered office is Milford House, 78 High Street, Hadleigh, Benfleet, Essex, SS7 2PB. The principal place of business is 5 Oakhurst Drive, Wickford, Essex, SS12 0NN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25
Motor vehicles
25
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Absolute Retail Events Solutions Ltd Notes to the Accounts for the year ended 31 July 2017
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2016
6,482 
14,405 
20,887 
Additions
298 
- 
298 
Disposals
- 
(12,730)
(12,730)
At 31 July 2017
6,780 
1,675 
8,455 
Depreciation
At 1 August 2016
4,435 
9,598 
14,033 
Charge for the year
586 
216 
802 
On disposals
- 
(8,786)
(8,786)
At 31 July 2017
5,021 
1,028 
6,049 
Net book value
At 31 July 2017
1,759 
647 
2,406 
At 31 July 2016
2,047 
4,807 
6,854 
5
Debtors
2017 
2016 
£ 
£ 
Trade debtors
4,320 
35,150 
Accrued income and prepayments
2,376 
820 
6,696 
35,970 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
3,840 
12,121 
Taxes and social security
4,108 
4,063 
Other creditors
6,200 
10,995 
Loans from directors
15,762 
11,050 
Accruals
1,485 
1,400 
31,395 
39,629 
7
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Average number of employees
During the year the average number of employees was 3 (2016: 3).
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