ABSOLUTE PATH LIMITED

ABSOLUTE PATH LIMITED

ABSOLUTE PATH LIMITED - Company Information

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1 July 2019 false No description of principal activity Taxfiler 2021.2.1 11435893business:PrivateLimitedCompanyLtd2019-07-012020-06-30 114358932019-06-30 114358932019-07-012020-06-30 11435893business:AuditExempt-NoAccountantsReport2019-07-012020-06-30 11435893business:FullAccounts2019-07-012020-06-30 114358932020-06-30 11435893business:Director12019-07-012020-06-30 11435893business:RegisteredOffice2019-07-012020-06-30 114358932019-06-30 11435893core:WithinOneYear2020-06-30 11435893core:WithinOneYear2019-06-30 11435893core:RetainedEarningsAccumulatedLosses2020-06-30 11435893core:RetainedEarningsAccumulatedLosses2019-06-30 11435893business:SmallEntities2019-07-012020-06-30 11435893countries:EnglandWales2019-07-012020-06-30 11435893core:ComputerEquipment2019-07-012020-06-30 11435893core:ComputerEquipment2019-06-30 11435893core:ComputerEquipment2020-06-30 114358932018-07-012019-06-30 iso4217:GBP xbrli:pure
Company Registration No. 11435893 (England and Wales)
ABSOLUTE PATH LIMITED Unaudited accounts for the year ended 30 June 2020
ABSOLUTE PATH LIMITED Unaudited accounts Contents
Page
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ABSOLUTE PATH LIMITED Company Information for the year ended 30 June 2020
Director
Bryan Hughes
Company Number
11435893 (England and Wales)
Registered Office
2 BROWNS COTTAGES STOCKLEIGH POMEROY CREDITON EX17 4AU UNITED KINGDOM
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ABSOLUTE PATH LIMITED Statement of financial position as at 30 June 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,214 
1,192 
Current assets
Debtors
5
1,649 
4,719 
Cash at bank and in hand
99,519 
32,507 
101,168 
37,226 
Creditors: amounts falling due within one year
6
(66,209)
(15,454)
Net current assets
34,959 
21,772 
Net assets
36,173 
22,964 
Capital and reserves
Profit and loss account
36,173 
22,964 
Shareholders' funds
36,173 
22,964 
For the year ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 April 2021 and were signed on its behalf by
Bryan Hughes Director Company Registration No. 11435893
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ABSOLUTE PATH LIMITED Notes to the Accounts for the year ended 30 June 2020
1
Statutory information
ABSOLUTE PATH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11435893. The registered office is 2 BROWNS COTTAGES, STOCKLEIGH POMEROY, CREDITON, EX17 4AU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2019
1,490 
Additions
400 
At 30 June 2020
1,890 
Depreciation
At 1 July 2019
298 
Charge for the year
378 
At 30 June 2020
676 
Net book value
At 30 June 2020
1,214 
At 30 June 2019
1,192 
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ABSOLUTE PATH LIMITED Notes to the Accounts for the year ended 30 June 2020
5
Debtors
2020 
2019 
£ 
£ 
Less than one year
Trade debtors
1,649 
4,719 
Greater than one year
Total debtors
1,649 
4,719 
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Taxes and social security
12,255 
10,378 
Loans from directors
53,204 
4,276 
Accruals
750 
800 
66,209 
15,454 
7
Average number of employees
During the year the average number of employees was 1 (2019: 1).
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