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REGISTERED NUMBER: 14118394 (England and Wales)















ABSOLUTE CONSULTING AND MANAGEMENT
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 19TH MAY 2022 TO 31ST MAY 2023






ABSOLUTE CONSULTING AND MANAGEMENT
LIMITED (REGISTERED NUMBER: 14118394)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 19TH MAY 2022 TO 31ST MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABSOLUTE CONSULTING AND MANAGEMENT
LIMITED

COMPANY INFORMATION
FOR THE PERIOD 19TH MAY 2022 TO 31ST MAY 2023







DIRECTOR: Mr. R L Harris





REGISTERED OFFICE: Ty Cynon
Navigation Park
Abercynon
RCT
CF45 4SN





REGISTERED NUMBER: 14118394 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

ABSOLUTE CONSULTING AND MANAGEMENT
LIMITED (REGISTERED NUMBER: 14118394)

BALANCE SHEET
31ST MAY 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 11,070

CURRENT ASSETS
Debtors 5 34,800
Cash at bank 23,038
57,838
CREDITORS
Amounts falling due within one year 6 65,892
NET CURRENT LIABILITIES (8,054 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,016

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 3,015
SHAREHOLDERS' FUNDS 3,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ABSOLUTE CONSULTING AND MANAGEMENT
LIMITED (REGISTERED NUMBER: 14118394)

BALANCE SHEET - continued
31ST MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th September 2023 and were signed by:





Mr. R L Harris - Director


ABSOLUTE CONSULTING AND MANAGEMENT
LIMITED (REGISTERED NUMBER: 14118394)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 19TH MAY 2022 TO 31ST MAY 2023


1. STATUTORY INFORMATION

Absolute Consulting And Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ABSOLUTE CONSULTING AND MANAGEMENT
LIMITED (REGISTERED NUMBER: 14118394)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 19TH MAY 2022 TO 31ST MAY 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 12,300
At 31st May 2023 12,300
AMORTISATION
Amortisation for period 1,230
At 31st May 2023 1,230
NET BOOK VALUE
At 31st May 2023 11,070

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 36,000
Other debtors (1,200 )
34,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 24,867
Taxation and social security 28,721
Other creditors 12,304
65,892