2022-03-012023-02-282023-02-28false12464439ABSOLUTE RETAIL CONSULTING 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ABSOLUTE RETAIL CONSULTING LIMITED

Registered Number
12464439
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

ABSOLUTE RETAIL CONSULTING LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

LALA, Rushikesh
MAKAM, Venkata Satya Bharath Gupta
SETH, Tushar

Registered Address

First Floor Office
3 Hornton Place
London
W8 4LZ

Registered Number

12464439 (England and Wales)
ABSOLUTE RETAIL CONSULTING LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets519,0283,397
19,0283,397
Current assets
Debtors1,182,368413,929
Cash at bank and on hand1,416,391576,098
2,598,759990,027
Creditors amounts falling due within one year(710,702)(347,073)
Net current assets (liabilities)1,888,057642,954
Total assets less current liabilities1,907,085646,351
Net assets1,907,085646,351
Capital and reserves
Called up share capital5,0005,000
Profit and loss account1,902,085641,351
Shareholders' funds1,907,085646,351
The financial statements were approved and authorised for issue by the Board of Directors on 28 November 2023, and are signed on its behalf by:
MAKAM, Venkata Satya Bharath Gupta
Director
Registered Company No. 12464439
ABSOLUTE RETAIL CONSULTING LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year00
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 March 224,529
Additions21,807
At 28 February 2326,336
Depreciation and impairment
At 01 March 221,132
Charge for year6,176
At 28 February 237,308
Net book value
At 28 February 2319,028
At 28 February 223,397