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REGISTERED NUMBER: 05945720















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

ABSOLUTE ENTERPRISES (UK) LIMITED

ABSOLUTE ENTERPRISES (UK) LIMITED (REGISTERED NUMBER: 05945720)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ABSOLUTE ENTERPRISES (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTOR: Mr W Mason





REGISTERED OFFICE: Enterprise House
56-58 Main Street
High Bentham
Lancaster
Lancashire
LA2 7HY





REGISTERED NUMBER: 05945720





ACCOUNTANTS: Brosnans
Chartered Accountants
Enterprise House
56-58 Main Street
High Bentham
Lancaster
North Yorkshire
LA2 7HY

ABSOLUTE ENTERPRISES (UK) LIMITED (REGISTERED NUMBER: 05945720)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 59,263 44,043

CURRENT ASSETS
Stocks 10,194 8,280
Debtors 1,751 2,236
Cash at bank 6,673 -
18,618 10,516
CREDITORS
Amounts falling due within one year 3 62,331 66,370
NET CURRENT LIABILITIES (43,713 ) (55,854 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,550

(11,811

)

CREDITORS
Amounts falling due after more than
one year

(5,683

)

-

PROVISIONS FOR LIABILITIES (11,852 ) (8,808 )
NET LIABILITIES (1,985 ) (20,619 )

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account (1,986 ) (20,620 )
SHAREHOLDERS' FUNDS (1,985 ) (20,619 )

ABSOLUTE ENTERPRISES (UK) LIMITED (REGISTERED NUMBER: 05945720)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2016


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 26 June 2017 and were signed by:





Mr W Mason - Director


ABSOLUTE ENTERPRISES (UK) LIMITED (REGISTERED NUMBER: 05945720)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016

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 goods, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation
and accumulated impairment losses. Cost includes costs directly attributable to making the asset
capable of operating as intended.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

ABSOLUTE ENTERPRISES (UK) LIMITED (REGISTERED NUMBER: 05945720)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 80,928
Additions 57,287
Disposals (39,683 )
At 30 September 2016 98,532
DEPRECIATION
At 1 October 2015 36,885
Charge for year 14,751
Eliminated on disposal (12,367 )
At 30 September 2016 39,269
NET BOOK VALUE
At 30 September 2016 59,263
At 30 September 2015 44,043

3. CREDITORS

Creditors include an amount of £ 0 (2015 - £ 7,573 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1