Company Registration No. 06675569 (England and Wales)
ABSOLUTE INFORMATION SERVICES LIMITED
ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
ABSOLUTE INFORMATION SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABSOLUTE INFORMATION SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
851
232
Current assets
Debtors
41,767
101,883
Cash at bank and in hand
4,582
14,476
46,349
116,359
Creditors: amounts falling due within one year
(31,019)
(34,529)
Net current assets
15,330
81,830
Total assets less current liabilities
16,181
82,062
Capital and reserves
Called up share capital
3
10
10
Profit and loss account
16,171
82,052
Shareholders' funds
16,181
82,062
The accompanying accounting policies and notes form part of these financial statements.
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 20 June 2017
G O Lloyd
Director
Company Registration No. 06675569
ABSOLUTE INFORMATION SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% straight line
Fixtures, fittings & equipment
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015
535
Additions
929
At 30 September 2016
1,464
Depreciation
At 1 October 2015
303
Charge for the year
310
At 30 September 2016
613
Net book value
At 30 September 2016
851
At 30 September 2015
232
ABSOLUTE INFORMATION SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10 Ordinary Shares of £1 each
10
10
4
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
G O Lloyd
3.00
45,620
54,383
807
90,060
10,750
45,620
54,383
807
90,060
10,750