Absolute Design and Build Ltd - Period Ending 2018-04-30

Registration number: SC475421

Absolute Design and Build Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2018

Accountants Plus
Chartered Certified Accountants
Upper Floor, Unit 1
82 Muir Street
Hamilton
Lanarkshire
ML3 6BJ

Absolute Design and Build Ltd

Contents

Company Information	1
Directors' Report	2
Statement of Directors' Responsibilities	3
Accountants' Report	4
Statement of Financial Position	5 to 6
Notes to the Financial Statements	6

Absolute Design and Build Ltd

Company Information

Directors

Mr John McGinley Adams Mr Adam McIntosh Mrs Joanne Sarah Adams Mrs Leanne Mcintosh

Registered office

Upper Floor, Unit 1 82 Muir Street Hamilton Lanarkshire ML3 6BJ

Accountants

Accountants Plus Chartered Certified Accountants Upper Floor, Unit 1 82 Muir Street Hamilton Lanarkshire ML3 6BJ

Page 1

Absolute Design and Build Ltd

Directors' Report for the Year Ended 30 April 2018

The directors present their report and the financial statements for the year ended 30 April 2018.

This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Directors of the company

The directors who held office during the year were as follows:

Mr John McGinley Adams

Mr Adam McIntosh

Mrs Joanne Sarah Adams

Mrs Leanne Mcintosh

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 11 August 2018 and signed on its behalf by:

.........................................
Mr John McGinley Adams
Director

.........................................
Mr Adam McIntosh
Director

Page 2

Absolute Design and Build Ltd

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the report and financial statements in accordance with the Companies Act 2006, and all applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Absolute Design and Build Ltd
for the Year Ended 30 April 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Absolute Design and Build Ltd for the year ended 30 April 2018 as set out on pages 5 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Absolute Design and Build Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Absolute Design and Build Ltd and state those matters that we have agreed to state to the Board of Directors of Absolute Design and Build Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Absolute Design and Build Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Absolute Design and Build Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Absolute Design and Build Ltd. You consider that Absolute Design and Build Ltd 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 accounts of Absolute Design and Build Ltd. 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 accounts.

......................................

Accountants Plus
Chartered Certified Accountants
Upper Floor, Unit 1
82 Muir Street
Hamilton
Lanarkshire
ML3 6BJ

11 August 2018

Page 4

Absolute Design and Build Ltd

(Registration number: SC475421)
Statement of Financial Position as at 30 April 2018

	Note	2018 £	2017 £
Fixed assets		21,553	28,283
Current assets		31,891	40,692
Prepayments and accrued income		-	1,129
Creditors: Amounts falling due within one year		(51,632)	(42,610)
Net current liabilities		(19,741)	(789)
Total assets less current liabilities		1,812	27,494
Creditors: Amounts falling due after more than one year		-	(8,601)
Accruals and deferred income		(1,500)	(1,620)
		312	17,273
Capital and reserves		312	17,273

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 11 August 2018 and signed on its behalf by:
 

.........................................

Mr John McGinley Adams

Director

.........................................

Mr Adam McIntosh

Director

The notes on page 6 form an integral part of these financial statements.

Page 5

Absolute Design and Build Ltd

(Registration number: SC475421)
Statement of Financial Position as at 30 April 2018

Notes to the Financial Statements for the Year Ended 30 April 2018

1	General information

The company is a private company limited by share capital incorporated in Scotland.

The address of its registered office is:
Upper Floor, Unit 1
82 Muir Street
Hamilton
Lanarkshire
ML3 6BJ

The principal place of business is:
Baillieston Distribution Centre
Unit 11
33 Nurseries Road
Glasgow
G69 6UL

These financial statements were authorised for issue by the Board on 11 August 2018.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Related party transactions

Transactions with directors

2018	At 1 May 2017 £	Advances to directors £	At 30 April 2018 £
Mr Adam McIntosh
Interest free loan, with no fix repayment terms	(365)	(1,003)	(1,367)
Mr John McGinley Adams
Interest free loan, with no fix repayment terms	1,105	(973)	132

2017	At 1 May 2016 £	Repayments by director £	At 30 April 2017 £
Mr Adam McIntosh
Interest free loan, with no fix repayment terms	(8,504)	8,140	(365)
Mr John McGinley Adams
Interest free loan, with no fix repayment terms	(7,361)	8,466	1,105

Page 6