Registered number
08857063
Absolute Therapy Limited
Filleted Accounts
31 January 2024
Absolute Therapy Limited
Registered number: 08857063
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 - 2,130
Cash at bank and in hand 9,813 3,537
9,813 5,667
Creditors: amounts falling due within one year 5 (6,707) (5,660)
Net current assets 3,106 7
Net assets 3,106 7
Capital and reserves
Called up share capital 2 2
Profit and loss account 3,104 5
Shareholders' funds 3,106 7
The directors are 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 directors acknowledge their 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.
P Gyorgyovich, Esq
Director
Approved by the board on 9 September 2024
Absolute Therapy Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rendering of services.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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 399
At 31 January 2024 399
Depreciation
At 1 February 2023 399
At 31 January 2024 399
Net book value
At 31 January 2024 -
4 Debtors 2024 2023
£ £
Other debtors - 2,130
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security 5,182 4,220
Other creditors 1,525 1,440
6,707 5,660
6 Controlling party
The company is owned by the directors who own the entire share capital equally.
7 Other information
Absolute Therapy Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
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