REGISTERED NUMBER: 05936707 (England and Wales)

Abbreviated Accounts for the Year Ended 30 September 2016

for

Absolute Mortgage Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Mowatt

REGISTERED OFFICE:

9 Foster Road

Formby

Liverpool

L37 2HR

REGISTERED NUMBER:

05936707 (England and Wales)

ACCOUNTANTS:

M P Greaves Limited

Chartered Certified Accountants

9 Weston Court

Burbo Bank Road South

Blundellsands

Liverpool

Merseyside

L23 6SR

FIXED ASSETS

Tangible assets

2

1,828

2,368

CURRENT ASSETS

Debtors

50,000

45,500

Cash at bank

9,530

6,591

59,530

52,091

CREDITORS

Amounts falling due within one year

19,121

13,750

NET CURRENT ASSETS

40,409

38,341

TOTAL ASSETS LESS CURRENT LIABILITIES

42,237

40,709

CAPITAL AND RESERVES

Called up share capital

3

8

8

Profit and loss account

42,229

40,701

SHAREHOLDERS' FUNDS

42,237

40,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 13 June 2017 and were signed by:

D Mowatt - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

6,779

Additions

70

At 30 September 2016

6,849

DEPRECIATION

At 1 October 2015

4,411

Charge for year

610

At 30 September 2016

5,021

NET BOOK VALUE

At 30 September 2016

1,828

At 30 September 2015

2,368

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

8

Ordinary

£1

8

8

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £31,459 (2015 - £25,550) were paid to the director .

Prudent Property Ltd

A company wholly owned by Mr D Mowatt.

Loans to the value of £5,000 were repaid by Prudent Property Ltd during the year. The balance owed to

Absolute Mortgage Solutions Ltd at the year end was £10,000.

Sefton Property Ltd

A company of which Mr D Mowatt is a director and 50% shareholder.

Loans to the value of £9,500 were provided to Sefton Property Ltd during the year.

Sefton Property Ltd owed the Company £40,000 at the year end.