Absolute Harmony Limited |
Registered number |
Balance Sheet |
07356687 |
as at 31 August 2023 |
|
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
4 |
|
|
849 |
|
|
1,132 |
|
Current assets |
Debtors |
5 |
|
4,216 |
|
|
5,019 |
Cash at bank and in hand |
|
|
10,243 |
|
|
6,972 |
|
|
|
14,459 |
|
|
11,991 |
|
Creditors: amounts falling due within one year |
6 |
|
(10,884) |
|
|
(8,440) |
|
Net current assets |
|
|
|
3,575 |
|
|
3,551 |
|
Total assets less current liabilities |
|
|
|
4,424 |
|
|
4,683 |
|
Creditors: amounts falling due after more than one year |
7 |
|
|
(5,120) |
|
|
(7,305) |
|
Net liabilities |
|
|
|
(696) |
|
|
(2,622) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
(697) |
|
|
(2,623) |
|
Shareholders' funds |
|
|
|
(696) |
|
|
(2,622) |
|
|
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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|
|
|
D Williams |
Director |
Approved by the board on 29 August 2024 |
|
Absolute Harmony Limited |
Notes to the Accounts |
for the year ended 31 August 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard. |
|
|
Going concern basis |
|
The accounts have been prepared on the going concern basis. The director believes this basis to be appropriate since, although the company had net liabilities at the balance sheet date, it is assumed that the company's director and creditors will continue to provide such financial support to the company as is necessary for it to continue operating. |
|
|
Turnover |
|
Turnover represents the amount receivable by the company for goods and services supplied. |
|
|
Goodwill and amortisation |
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Purchased goodwill has been capitalised and amortised over its estimated useful life at the rate of 10% p.a. on the straight line basis. The goodwill is now fully amortised. |
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|
Tangible fixed assets and depreciation |
|
Tangible fixed assets are measured at cost less depreciation. Depreciation has been provided at the following rate to write off the assets over their estimated useful lives: |
|
|
Equipment - |
25% p.a. on the reducing balance basis |
|
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of employees |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
3 |
Intangible fixed assets |
Goodwill |
£ |
|
Cost |
|
At 1 September 2022 |
9,000 |
|
At 31 August 2023 |
9,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 September 2022 |
9,000 |
|
At 31 August 2023 |
9,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2023 and 31 August 2022 |
- |
|
|
|
|
|
|
|
|
|
4 |
Tangible fixed assets |
|
|
|
|
|
|
Equipment |
£ |
|
Cost |
|
At 1 September 2022 |
6,388 |
|
At 31 August 2023 |
6,388 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2022 |
5,256 |
|
Charge for the year |
283 |
|
At 31 August 2023 |
5,539 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2023 |
849 |
|
At 31 August 2022 |
1,132 |
|
|
|
5 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
4,216 |
|
5,019 |
|
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loan |
2,185 |
|
2,131 |
|
Expense creditors |
1,315 |
|
- |
|
Corporation tax |
|
|
|
|
1,863 |
|
1,302 |
|
Other creditors |
5,521 |
|
5,007 |
|
|
|
|
|
|
10,884 |
|
8,440 |
|
|
|
|
|
|
|
|
|
|
|
7 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loan |
5,120 |
|
7,305 |
|
|
|
|
|
|
|
|
|
|
|
8 |
Controlling party |
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|
At 31 August 2023 the company was controlled by the director, Mr D Williams, since he owned the company's entire issued share capital. |
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|
|
9 |
Other information |
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Absolute Harmony Limited is a private company limited by shares and incorporated in England. Its registered office is 1 Britten Close, Langdon Hills, Basildon, Essex SS16 6TB. |