Absolute Access Services Limited


FINANCIAL STATEMENTS


for the year ended 31st October 2016



Absolute Access Services Limited

CONTENTS

for the year ended 31st October 2016







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Absolute Access Services Limited

Company No. 06738739

STATEMENT OF FINANCIAL POSITION

as at 31st October 2016

2015
Note£££
FIXED ASSETS
Property, plant and equipment4363350301193
363350301193
CURRENT ASSETS
Inventories5-27165
Debtors6120372159890
Cash at bank and in hand8979415010
210166202065
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7360741325507
NET CURRENT LIABILITIES(150575)(123442)
TOTAL ASSETS LESS CURRENT LIABILITIES212775177751
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS212775177751
 
CAPITAL AND RESERVES
Called up share capital10001000
Share premium account84008400
Retained earnings203375168351
SHAREHOLDERS FUNDS212775177751

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st October 2016 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 17 March 2017


L Hewitt

Director

Company Number 06738739 (England)

Absolute Access Services Limited

NOTES TO THE ACCOUNTS

for the year ended 31st October 2016


1   Statutory information

Absolute Access Services Limited is a private company limited by shares and registered under company number 06738739 in England. Its registered office address is Church Manorway, Erith, Kent DA8 1NP.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Depreciation

Depreciation is provided on all property, plant and equipment, 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:

Plant, machinery and vehicles20% reducing balance

Inventories

Inventories are valued at the lower of cost and expected selling price less any costs to sell.

3   Employee information

The average number of employees during the accounting period was 4 (2015 - 4).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st November 2015 741174287139236512066
Additions-8210488982993
At 31st October 20167411751081710125595059
 
Depreciation
At 1st November 2015 368651701753833210873
Charge for year745012128125820836
At 31st October 2016443151823035091231709
 
Net Book Value
At 31st October 2016298023285145034363350
At 31st October 2015372522585385403301193

5   Inventories20162015
££
 
Work in progress-18665
Finished goods and goods for resale-8500
-27165

The difference between purchase price or production cost of inventories and their replacement cost is not material.


6   Debtors20162015
££
 
Trade Debtors120372157036
Prepayments and accrued income-2854
120372159890

7   Creditors: amounts falling due within one year20162015
££
 
Loans and Overdrafts3210056147
Trade Creditors9674199926
Corporation tax100296112
Taxes and social security costs7305455773
Other creditors10278584786
Accruals and deferred income4603222763
360741325507

8   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20162015
££
 
L Hewitt8478584786
8478584786

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