REGISTERED NUMBER: 03579844 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2017 to 30 April 2018

for

Absolute Solution Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs S G Oliver

SECRETARY:

REGISTERED OFFICE:

4a Oaklands Rise

Welwyn

Hertfordshire

AL6 0RL

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

CURRENT ASSETS

Debtors

5

27,670

30,561

Prepayments and accrued income

-

1,700

Cash at bank

-

26,800

27,670

59,061

CREDITORS

Amounts falling due within one year

6

30,157

57,085

NET CURRENT (LIABILITIES)/ASSETS

(2,487

)

1,976

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,487

)

4,018

CAPITAL AND RESERVES

Called up share capital

99

99

Retained earnings

(2,586

)

3,919

SHAREHOLDERS' FUNDS

(2,487

)

4,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 30 May 2018 and were signed 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 period was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

Cost

At 1 April 2017

16,742

Disposals

(16,742

)

At 30 April 2018

-

Depreciation

At 1 April 2017

14,700

Eliminated on disposal

(14,700

)

At 30 April 2018

-

Net book value

At 30 April 2018

-

At 31 March 2017

2,042

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/18

31/3/17

£

£

Trade debtors

21,452

24,646

Other debtors

6,218

5,915

27,670

30,561

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/18

31/3/17

£

£

Bank loans and overdrafts

28,102

-

Trade creditors

(20

)

23,708

Taxation and social security

725

18,741

Other creditors

1,350

14,636

30,157

57,085

7.	LEASING AGREEMENTS

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

30/4/18

31/3/17

£

£

Within one year

-

4,455

8.	RELATED PARTY DISCLOSURES

Mrs S Oliver

Director

Included in other debtors at 30th April 2018 is £5,147 (2017: £2,105 credit balance) owed to the

company by the above director. This loan has been repaid in full after the year end.

The above director personally guarantee's the company overdraft facility.