2023-03-012024-02-292024-02-29false12464439ABSOLUTE RETAIL CONSULTING 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ABSOLUTE RETAIL CONSULTING LIMITED

Registered Number
12464439
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

ABSOLUTE RETAIL CONSULTING LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

LALA, Rushikesh
MAKAM, Venkata Satya Bharath Gupta
SETH, Tushar

Registered Address

First Floor Office
3 Hornton Place
London
W8 4LZ

Registered Number

12464439 (England and Wales)
ABSOLUTE RETAIL CONSULTING LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets325,41719,028
25,41719,028
Current assets
Debtors1,610,8811,202,924
Cash at bank and on hand4,832,3171,416,391
6,443,1982,619,315
Creditors amounts falling due within one year4(1,364,462)(731,258)
Net current assets (liabilities)5,078,7361,888,057
Total assets less current liabilities5,104,1531,907,085
Net assets5,104,1531,907,085
Capital and reserves
Called up share capital5,0005,000
Profit and loss account5,099,1531,902,085
Shareholders' funds5,104,1531,907,085
The financial statements were approved and authorised for issue by the Board of Directors on 28 November 2024, and are signed on its behalf by:
MAKAM, Venkata Satya Bharath Gupta
Director
Registered Company No. 12464439
ABSOLUTE RETAIL CONSULTING LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year2612
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 March 2326,33626,336
Additions14,91314,913
At 29 February 2441,24941,249
Depreciation and impairment
At 01 March 237,3087,308
Charge for year8,5248,524
At 29 February 2415,83215,832
Net book value
At 29 February 2425,41725,417
At 28 February 2319,02819,028
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables289,231128,774
Bank borrowings and overdrafts2,0781,321
Taxation and social security1,044,689432,188
Accrued liabilities and deferred income28,464168,975
Total1,364,462731,258