Absolute Property Services Group Limited Small abbreviated accounts

COMPANY REGISTRATION NUMBER 06246269

ABSOLUTE PROPERTY SERVICES GROUP LIMITED

Unaudited Abbreviated Accounts

for the year ended

31 March 2016

ABSOLUTE PROPERTY SERVICES GROUP LIMITED

Report to the Director on the Preparation of the

Unaudited Statutory Accounts of Absolute Property

Services Group Limited

for the year ended 31st March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Absolute Property Services Group Limited for the year ended 31st March 2016 as set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the director of Absolute Property Services Group Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the abbreviated accounts of Absolute Property Services Group Limited and state those matters that we have agreed to state to him in this report in accordance with AAF 02/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Absolute Property Services Group Limited and its director for our work or for this report.

It is your duty to ensure that Absolute Property Services Group Limited has kept adequate accounting records and to prepare statutory abbreviated accounts that give a true and fair view of the assets, liabilities, financial position and profit of Absolute Property Services Group Limited. You consider that Absolute Property Services Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the abbreviated accounts of Absolute Property Services Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abbreviated accounts.

MOORE THOMPSON Chartered Accountants

Bank House Broad Street Spalding PE11 1TB

19 December 2016

ABSOLUTE PROPERTY SERVICES GROUP LIMITED

Abbreviated Balance Sheet

as at 31st March 2016

	2016		2015
Note	£	£	£	£

Fixed assets	2
Tangible assets		82,282	93,545
Investments		3,900	3,900
		-----------	-----------
		86,182	97,445

Current assets

Debtors	3	161,304		168,864

Creditors: amounts falling due within one year	160,194		244,344
	-----------		-----------
Net current assets/(liabilities)		1,110		(75,480)
		-----------		-----------
Total assets less current liabilities		87,292		21,965

Creditors: amounts falling due after more than one year	4	-	280,633
		-----------	-----------
		87,292	(258,668)
		-----------	-----------

Capital and reserves

Called-up equity share capital	5	105,000	105,000
Share premium account		1	1
Profit and loss account		(17,709)	(363,669)
		-----------	-----------
Shareholders' funds/(deficit)		87,292	(258,668)
		-----------	-----------

For the year ended 31st March 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 accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 19 December 2016 .

I Nickless

Company Registration Number: 06246269

ABSOLUTE PROPERTY SERVICES GROUP LIMITED

Notes to the Abbreviated Accounts

for the year ended 31st March 2016

1. Accounting policies

Basis of accounting

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

The turnover shown in the profit and loss account represents the invoice value of goods and services provided during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

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:

Leasehold property-15 years straight line

Plant and machinery-25% straight line

Motor vehicles-25% straight line

Computer equipment-25% straight line

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against or credited to profits on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. Fixed assets

Tangible Assets	Investments	Total
£	£	£

Cost

At 1st April 2015	275,367	3,900	279,267
Additions	1,352	–	1,352
Disposals	( 8,800)	–	( 8,800)
	-----------	-----------	-----------
At 31st March 2016	267,919	3,900	271,819
	-----------	-----------	-----------

Depreciation

At 1st April 2015	181,822	–	181,822
Charge for year	12,615	–	12,615
On disposals	( 8,800)	–	( 8,800)
	-----------	-----------	-----------
At 31st March 2016	185,637	–	185,637
	-----------	-----------	-----------

Net book value

At 31st March 2016	82,282	3,900	86,182
	-----------	-----------	-----------

At 31st March 2015	93,545	3,900	97,445
	-----------	-----------	-----------

The company owns 100% of the issued share capital of the companies listed below, Subsidiary Nature of trade Registered in Absolute Commercial Services Limited

	Dormant	England and Wales
Absolute Home Security Limited	Dormant	England and Wales
Absolute Heating Services Limited	Dormant	England and Wales
Absolute Home Services Limited	Dormant	England and Wales

		2016		2015
		£		£

Aggregate capital and reserves

Absolute Commercial Services Limited	1,000	1,000
Absolute Home Security Limited	1,000	1,000
Absolute Heating Services Limited	1,000	1,000
Absolute Home Services Limited	900	900
	-----------	-----------

3. Debtors

Debtors include amounts of £5,372 (2015 - £6,347) falling due after more than one year.

4. Creditors: amounts falling due after more than one year

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2016		2015
	£		£

Other creditors including taxation and social security	-	280,633
	-----------	-----------

5. Share capital

Allotted, called up and fully paid:

2016		2015
No.	£	No.	£

Ordinary shares of £ 1 each	105,000	105,000	105,000	105,000
	-----------	-----------	-----------	-----------