Company Registration No. SC355593 (Scotland)
ABSOLUTE THAI (EDINBURGH) LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
ABSOLUTE THAI (EDINBURGH) LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABSOLUTE THAI (EDINBURGH) LTD
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,333
2,916
Current assets
Cash at bank and in hand
7,951
3,216
Creditors: amounts falling due within one year
(3,334)
(2,118)
Net current assets
4,617
1,098
Total assets less current liabilities
6,950
4,014
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
6,949
4,013
Shareholders' funds
6,950
4,014
For the financial year ended 29 February 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 members have 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 10 November 2016
Mr K Gerdphol
Director
Company Registration No. SC355593
ABSOLUTE THAI (EDINBURGH) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 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 and trade discounts.
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:
Fixtures, fittings & equipment
20% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015 & at 29 February 2016
5,695
Depreciation
At 1 March 2015
2,779
Charge for the year
583
At 29 February 2016
3,362
Net book value
At 29 February 2016
2,333
At 28 February 2015
2,916
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1