ABSOLUTE WAREHOUSE SERVICES LIMITED

Company Registration Number:
07046373 (England and Wales)

Unaudited abridged accounts for the year ended 29 December 2022

Period of accounts

Start date: 30 December 2021

End date: 29 December 2022

ABSOLUTE WAREHOUSE SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 29 December 2022

Balance sheet
Notes

ABSOLUTE WAREHOUSE SERVICES LIMITED

Balance sheet

As at 29 December 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 765,607 673,754
Total fixed assets: 765,607 673,754
Current assets
Debtors: 4 1,348,704 1,600,343
Cash at bank and in hand: 365,593 129,051
Investments:   357,477 356,401
Total current assets: 2,071,774 2,085,795
Creditors: amounts falling due within one year: 5 (717,338) (902,000)
Net current assets (liabilities): 1,354,436 1,183,795
Total assets less current liabilities: 2,120,043 1,857,549
Creditors: amounts falling due after more than one year: 6 (283,605) (336,656)
Provision for liabilities: (26,115) (9,435)
Total net assets (liabilities): 1,810,323 1,511,458
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 1,809,323 1,510,458
Shareholders funds: 1,810,323 1,511,458

The notes form part of these financial statements

ABSOLUTE WAREHOUSE SERVICES LIMITED

Balance sheet statements

For the year ending 29 December 2022 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2023
and signed on behalf of the board by:

Name: Gary Wagstaff
Status: Director

The notes form part of these financial statements

ABSOLUTE WAREHOUSE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the invoiced value of goods and services provided excluding VAT

Tangible fixed assets and depreciation policy

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.Short Leasehold Properties 10%Plant & Machinery 25%Commercial vehicles 25%Fixtures & Fittings 15%Motor Cars 25%

Other accounting policies

Pension CostsThe company operates a work place pension scheme . The pension charge represents the amounts payable by the company to the fund in respect of the year

ABSOLUTE WAREHOUSE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2022

2. Employees

2022 2021
Average number of employees during the period 40 34

ABSOLUTE WAREHOUSE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2022

3. Tangible Assets

Total
Cost £
At 30 December 2021 1,704,233
Additions 193,662
At 29 December 2022 1,897,895
Depreciation
At 30 December 2021 1,030,479
Charge for year 101,809
At 29 December 2022 1,132,288
Net book value
At 29 December 2022 765,607
At 29 December 2021 673,754

ABSOLUTE WAREHOUSE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2022

4. Debtors

2022 2021
££
Debtors due after more than one year: 0 0

ABSOLUTE WAREHOUSE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2022

5. Creditors: amounts falling due within one year note

Taxation & social security costs--- £310,731Loans £113,668Hire Purchase £29,576Trade creditors £263,363

ABSOLUTE WAREHOUSE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2022

6. Creditors: amounts falling due after more than one year note

Loans £184,464Hire Purchase £ 99,141