IRIS Accounts Production v24.2.0.383 06985768 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069857682023-08-31069857682024-08-31069857682023-09-012024-08-31069857682022-08-31069857682022-09-012023-08-31069857682023-08-3106985768ns15:EnglandWales2023-09-012024-08-3106985768ns14:PoundSterling2023-09-012024-08-3106985768ns10:Director12023-09-012024-08-3106985768ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3106985768ns10:SmallEntities2023-09-012024-08-3106985768ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3106985768ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3106985768ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3106985768ns10:FullAccounts2023-09-012024-08-3106985768ns10:Director22023-09-012024-08-3106985768ns10:RegisteredOffice2023-09-012024-08-3106985768ns5:CurrentFinancialInstruments2024-08-3106985768ns5:CurrentFinancialInstruments2023-08-3106985768ns5:ShareCapital2024-08-3106985768ns5:ShareCapital2023-08-3106985768ns5:RetainedEarningsAccumulatedLosses2024-08-3106985768ns5:RetainedEarningsAccumulatedLosses2023-08-3106985768ns5:PlantMachinery2023-09-012024-08-3106985768ns5:MotorVehicles2023-09-012024-08-3106985768ns5:ComputerEquipment2023-09-012024-08-3106985768ns5:PlantMachinery2023-08-3106985768ns5:MotorVehicles2023-08-3106985768ns5:ComputerEquipment2023-08-3106985768ns5:PlantMachinery2024-08-3106985768ns5:MotorVehicles2024-08-3106985768ns5:ComputerEquipment2024-08-3106985768ns5:PlantMachinery2023-08-3106985768ns5:MotorVehicles2023-08-3106985768ns5:ComputerEquipment2023-08-3106985768ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3106985768ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 06985768 (England and Wales)















Financial Statements

for the Year Ended 31 August 2024

for

Absolute Interiors Ltd

Absolute Interiors Ltd (Registered number: 06985768)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Absolute Interiors Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S Jakubait
J H Jakubait





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 06985768 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Absolute Interiors Ltd (Registered number: 06985768)

Statement of Financial Position
31 August 2024

31/8/24 31/8/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 12,200 17,842

CURRENT ASSETS
Debtors 6 31,275 12,533
Cash at bank 57,932 113,202
89,207 125,735
CREDITORS
Amounts falling due within one year 7 (10,439 ) (20,152 )
NET CURRENT ASSETS 78,768 105,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,968

123,425

PROVISIONS FOR LIABILITIES (3,259 ) (4,461 )
NET ASSETS 87,709 118,964

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 87,609 118,864
SHAREHOLDERS' FUNDS 87,709 118,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Absolute Interiors Ltd (Registered number: 06985768)

Statement of Financial Position - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





J H Jakubait - Director


Absolute Interiors Ltd (Registered number: 06985768)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Absolute Interiors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Absolute Interiors Ltd (Registered number: 06985768)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 September 2023 6,829 34,990 4,827 46,646
Disposals (6,069 ) - - (6,069 )
At 31 August 2024 760 34,990 4,827 40,577
Depreciation
At 1 September 2023 5,162 19,819 3,823 28,804
Charge for year 680 3,793 335 4,808
Eliminated on disposal (5,235 ) - - (5,235 )
At 31 August 2024 607 23,612 4,158 28,377
Net book value
At 31 August 2024 153 11,378 669 12,200
At 31 August 2023 1,667 15,171 1,004 17,842

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 10,897 9,279
Other debtors 20,378 3,254
31,275 12,533

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade creditors 1,932 10,419
Taxation and social security 4,184 5,723
Other creditors 4,323 4,010
10,439 20,152