Registered number
07356687
Absolute Harmony Limited
Filleted Accounts
31 August 2023
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.
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
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.
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
At 31 August 2023 the company was controlled by the director, Mr D Williams, since he owned the company's entire issued share capital.
9 Other information
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.
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