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
Absolute Retail Events Solutions Ltd
Company Information
for the year ended 31 July 2017
Directors
J.M. Wakeling
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
Absolute Retail Events Solutions Ltd
Statement of financial position
as at 31 July 2017
Tangible assets
2,406
6,854
Cash at bank and in hand
18,635
10,631
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
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
Absolute Retail Events Solutions Ltd
Notes to the Accounts
for the year ended 31 July 2017
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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
Disposals
-
(12,730)
(12,730)
At 31 July 2017
6,780
1,675
8,455
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
At 31 July 2017
1,759
647
2,406
At 31 July 2016
2,047
4,807
6,854
Trade debtors
4,320
35,150
Accrued income and prepayments
2,376
820
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
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).