Absolute Futbol Ltd - Period Ending 2015-07-31

Absolute Futbol Ltd - Period Ending 2015-07-31


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Registration number: 05887354

Absolute Futbol Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2015
 

 

Absolute Futbol Ltd
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 4

 

Absolute Futbol Ltd
(Registration number: 05887354)
Abbreviated Balance Sheet at 31 July 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

186

   

248

 

Current assets

 

             

Stocks

 

   

200

   

150

 

Cash at bank and in hand

 

   

11,322

   

10,713

 
   

   

11,522

   

10,863

 

Creditors: Amounts falling due within one year

 

   

(8,870)

   

(6,178)

 

Net current assets

 

   

2,652

   

4,685

 

Total assets less current liabilities

 

   

2,838

   

4,933

 

Creditors: Amounts falling due after more than one year

 

   

(2,642)

   

(6,537)

 

Net assets/(liabilities)

 

   

196

   

(1,604)

 

Capital and reserves

 

             

Called up share capital

 

3

   

10

   

10

 

Profit and loss account

 

   

186

   

(1,614)

 

Shareholders' funds/(deficit)

 

   

196

   

(1,604)

 

For the year ending 31 July 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved by the Board on 27 April 2016 and signed on its behalf by:


 
Mr Lee Anthony Lysons
 
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

 

Absolute Futbol Ltd
(Registration number: 05887354)
Abbreviated Balance Sheet at 31 July 2015
......... continued


 
Mr Scott James Rogers
 
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Absolute Futbol Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the services performed for customers. during the period.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Absolute Futbol Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 August 2014

 

1,578

   

1,578

 

At 31 July 2015

 

1,578

   

1,578

 

Depreciation

           

At 1 August 2014

 

1,330

   

1,330

 

Charge for the year

 

62

   

62

 

At 31 July 2015

 

1,392

   

1,392

 

Net book value

           

At 31 July 2015

 

186

   

186

 

At 31 July 2014

 

248

   

248

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

A Ordinary shares of £1 each

 

5

   

5

   

5

   

5

 

B Ordinary shares of £1 each

 

5

   

5

   

5

   

5

 
   

10

   

10

   

10

   

10