Absolute Property Management Solutions L - Abbreviated accounts 16.3

REGISTERED NUMBER: 08062130 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Absolute Property Management

Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Directors:

Mr A C Probert

Mr J Poppleton

Dr R A Holmes

Secretary:

Mr J Poppleton

Registered office:

Avon House

19 Stanwell Road

Penarth

South Glamorgan

CF64 2EZ

Registered number:

08062130 (England and Wales)

Accountants:

BYB Accountancy Ltd

Incorporated Financial Accountants

The Old Bank

46-48 Cardiff Road

Llandaff

Cardiff

South Glamorgan

CF5 2DT

Fixed assets

Tangible assets

2

530

-

Current assets

Debtors

10,696

7,173

Cash at bank

62,255

50,580

72,951

57,753

Creditors

Amounts falling due within one year

18,033

14,136

Net current assets

54,918

43,617

Total assets less current liabilities

55,448

43,617

Creditors

Amounts falling due after more than one year

50,000

50,000

Net assets/(liabilities)

5,448

(6,383

)

Capital and reserves

Called up share capital

3

100

100

Profit and loss account

5,348

(6,483

)

Shareholders' funds

5,448

(6,383

)

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 directors acknowledge their 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 Board of Directors on 15 June 2017 and were signed on its behalf by:

Mr J Poppleton - Director

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 services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

Additions

794

At 30 September 2016

794

Depreciation

Charge for year

264

At 30 September 2016

264

Net book value

At 30 September 2016

530

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors are directors loans from Mrs R Holmes of £25,000 and Mr A Probert of £25,000 who are also

shareholders of the company. There are no set terms for repayment and no interest is being charged.

5.	REVIEW OF BUSINESS

Income increased the previous trading year, again generating increased profits year on year, a reinforcement of the

Company's ongoing stability and development plan.

The Directors are pleased with this result given market conditions in the property sector, both commercial and

residential as well as the challenges facing a younger entrant.

The Company will continue to pursue opportunities and leveraging from its ability to provide a dedicated flexible

service and react to client needs in an efficient and timely manner.

The Board has embarked on a number of key initiatives driven by market forces and competitor performance within

the Company's geographical region of operations and taking advantage of its growing reputation, demonstrable client

satisfaction and the support of a loyal team of local quality tradesmen.