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Registered number: 11845859
Absolute Care Management Ltd
Financial Statements
For The Year Ended 28 February 2024
Oakensen (Bristol)
Chartered Accountants
Westbury Court Church Road
Westbury On Trym
Bristol
BS9 3EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11845859
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 208
1 208
CURRENT ASSETS
Debtors 5 55,529 47,623
Cash at bank and in hand 1,206 1,680
56,735 49,303
Creditors: Amounts Falling Due Within One Year 6 (11,182 ) (13,001 )
NET CURRENT ASSETS (LIABILITIES) 45,553 36,302
TOTAL ASSETS LESS CURRENT LIABILITIES 45,554 36,510
NET ASSETS 45,554 36,510
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 45,454 36,410
SHAREHOLDERS' FUNDS 45,554 36,510
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms S C Bryan
Director
24 July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Absolute Care Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11845859 . The registered office is 1 Rose Hill, Portishead, Bristol, BS20 6JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts . Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33.33% straight line method.
Computer Equipment 33.33% straight line method.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 160 462 622
As at 28 February 2024 160 462 622
Depreciation
As at 1 March 2023 106 308 414
Provided during the period 53 154 207
As at 28 February 2024 159 462 621
Net Book Value
As at 28 February 2024 1 - 1
As at 1 March 2023 54 154 208
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 14,323 9,617
Due after more than one year
Other debtors 41,206 38,006
55,529 47,623
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 348 -
Other taxes and social security 8,600 11,568
Other creditors 265 276
Accruals and deferred income 990 1,050
Director's loan account 979 107
11,182 13,001
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Related Party Transactions
The company was owed £14,328 by Ainslee Ltd, a company controlled by the director.
Page 5