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Absolute Ads Limited
Registered Number:10620712
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Absolute Ads Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10620712
As at 31 March 2023
Absolute Ads Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
11,985
12,123
2
11,985
12,123
Current assets
Trade and other receivables
10,989
3,164
3
1,027
Cash and cash equivalents
7
3,171
12,016
Trade and other payables: amounts falling due within one
year
(7,433)
(1,106)
4
4,583
2,065
Net current assets
Total assets less current liabilities
14,050
16,706
14,050
Net assets
16,706
Capital and reserves
Called up share capital
2
2
Retained earnings
14,048
16,704
14,050
16,706
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Richard Mitchell Director
These financial statements were approved and authorised for issue by the Board on 20 December 2023 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2023
Absolute Ads Limited
Notes to the Financial Statements
Statutory Information
Absolute Ads Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10620712.
Registered address:
7 Bennett Close
Welling
Kent
United Kingdom
DA16 3HU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 April 2022
28,309
12,009
16,300
2,880
2,880
-
Additions
(6,450)
-
Disposals
(6,450)
At 31 March 2023
16,300
8,439
24,739
Provision for depreciation and impairment
At 01 April 2022
16,186
4,953
11,233
Charge for year
2,678
1,411
1,267
(6,110)
(6,110)
-
On disposal
At 31 March 2023
12,754
254
12,500
At 31 March 2023
Net book value
3,800
8,185
11,985
At 31 March 2022
5,067
7,056
12,123
3. Trade and other receivables
2022
2023
£
£
Other debtors
3,164
10,989
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5
For the year ended 31 March 2023
Absolute Ads Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
2,964
9,291
Other creditors
(1,858)
(1,858)
1,106
7,433
5. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
3 of 3