Registered Number 06348774

ABSORB LIMITED

Abbreviated Accounts

31 August 2013

ABSORB LIMITED Registered Number 06348774

Abbreviated Balance Sheet as at 31 August 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 280 -
280 -
Current assets
Debtors 921 18,021
Cash at bank and in hand 651,989 623,738
652,910 641,759
Creditors: amounts falling due within one year (25,067) (23,819)
Net current assets (liabilities) 627,843 617,940
Total assets less current liabilities 628,123 617,940
Total net assets (liabilities) 628,123 617,940
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 628,121 617,938
Shareholders' funds 628,123 617,940
  • For the year ending 31 August 2013 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 November 2013

And signed on their behalf by:
Mr E S Forward, Director

ABSORB LIMITED Registered Number 06348774

Notes to the Abbreviated Accounts for the period ended 31 August 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% per annum reducing balance basis
Equipment - 25% per annum reducing balance basis

2Tangible fixed assets
£
Cost
At 1 September 2012 -
Additions 374
Disposals -
Revaluations -
Transfers -
At 31 August 2013 374
Depreciation
At 1 September 2012 -
Charge for the year 94
On disposals -
At 31 August 2013 94
Net book values
At 31 August 2013 280
At 31 August 2012 -
3Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
2 Ordinary shares of £1 each 2 2