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Company Registration No. 12427630 (England and Wales)
ABSOLUTE SOCIAL WORK LIMITED Unaudited accounts for the year ended 31 January 2023
ABSOLUTE SOCIAL WORK LIMITED Unaudited accounts Contents
Page
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ABSOLUTE SOCIAL WORK LIMITED Company Information for the year ended 31 January 2023
Director
Adedokun Odukoya
Secretary
Adedokun Odukoya
Company Number
12427630 (England and Wales)
Registered Office
Unit 1, 3rd Floor, Duru House 101 Commercial Road London E1 1RD United Kingdom
Accountants
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX
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ABSOLUTE SOCIAL WORK LIMITED Accountants' report
Accountants' report to the director of ABSOLUTE SOCIAL WORK LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ABSOLUTE SOCIAL WORK LIMITED for the year ended 31 January 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ABSOLUTE SOCIAL WORK LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ABSOLUTE SOCIAL WORK LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ABSOLUTE SOCIAL WORK LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ABSOLUTE SOCIAL WORK LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ABSOLUTE SOCIAL WORK LIMITED. You consider that ABSOLUTE SOCIAL WORK LIMITED 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 SOCIAL WORK LIMITED. 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.
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX 10 October 2023
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ABSOLUTE SOCIAL WORK LIMITED Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
10,000 
10,000 
Creditors: amounts falling due within one year
(300)
- 
Net current assets
9,700 
10,000 
Net assets
9,700 
10,000 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
(300)
- 
Shareholders' funds
9,700 
10,000 
For the year ending 31 January 2023 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 10 October 2023 and were signed on its behalf by
Adedokun Odukoya Director Company Registration No. 12427630
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ABSOLUTE SOCIAL WORK LIMITED Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
ABSOLUTE SOCIAL WORK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12427630. The registered office is Unit 1, 3rd Floor, Duru House, 101 Commercial Road, London, E1 1RD, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
10
Motor vehicles
25
Fixtures & fittings
20
Computer equipment
25
Other tangible fixed assets
20
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
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ABSOLUTE SOCIAL WORK LIMITED Notes to the Accounts for the year ended 31 January 2023
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
10,000 
10,000 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
300 
- 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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