REGISTERED NUMBER: 03579844 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Absolute Solution Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S G Oliver

L Oliver

SECRETARY:

REGISTERED OFFICE:

Alban House

22a The Commons

Hatfield

Hertfordshire

AL10 0ND

REGISTERED NUMBER:

03579844 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

The White House

162 Hucclecote Road

Hucclecote

Gloucester

Gloucestershire

GL3 3SH

FIXED ASSETS

Tangible assets

4

2,042

2,552

CURRENT ASSETS

Debtors

5

30,561

46,775

Prepayments and accrued income

1,700

6,387

Cash at bank

26,800

33,026

59,061

86,188

CREDITORS

Amounts falling due within one year

6

57,085

67,132

NET CURRENT ASSETS

1,976

19,056

TOTAL ASSETS LESS CURRENT LIABILITIES

4,018

21,608

CAPITAL AND RESERVES

Called up share capital

99

99

Retained earnings

3,919

21,509

SHAREHOLDERS' FUNDS

4,018

21,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 November 2017 and were signed on its behalf by:

Mrs S G Oliver - Director

1.	STATUTORY INFORMATION

Absolute Solution Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Office equipment

-

20% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

Cost

At 1 April 2016

and 31 March 2017

16,742

Depreciation

At 1 April 2016

14,190

Charge for year

510

At 31 March 2017

14,700

Net book value

At 31 March 2017

2,042

At 31 March 2016

2,552

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Trade debtors

24,646

45,568

Other debtors

5,915

1,207

30,561

46,775

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Trade creditors

23,708

3,636

Taxation and social security

18,741

37,863

Other creditors

14,636

25,633

57,085

67,132

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/17

31/3/16

£

£

Within one year

4,455

-

8.	RELATED PARTY DISCLOSURES

Mrs S Oliver

Director

The director, Mrs S Oliver, has loaned funds to the company. As at 31 March 2017, £2,105 remained

outstanding (2016 - £1,914).

This loan, included within other creditors, is interest free and has no formal repayment terms.

Mr L Oliver

Director

The director, Mr L Oliver, has loaned funds to the company. As at 31 March 2017, £529 remained

outstanding (2016 - £532).

This loan, included within other creditors, is interest free and has no formal repayment terms.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs S G Oliver, the director of the company, by virtue of her majority

shareholding.