Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311No description of principal activitytrue1false2023-04-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02071555 2023-04-01 2024-03-31 02071555 2022-04-01 2023-03-31 02071555 2024-03-31 02071555 2023-03-31 02071555 c:Director1 2023-04-01 2024-03-31 02071555 d:CurrentFinancialInstruments 2024-03-31 02071555 d:CurrentFinancialInstruments 2023-03-31 02071555 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02071555 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02071555 d:ShareCapital 2024-03-31 02071555 d:ShareCapital 2023-03-31 02071555 d:RetainedEarningsAccumulatedLosses 2024-03-31 02071555 d:RetainedEarningsAccumulatedLosses 2023-03-31 02071555 c:FRS102 2023-04-01 2024-03-31 02071555 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02071555 c:FullAccounts 2023-04-01 2024-03-31 02071555 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02071555 2 2023-04-01 2024-03-31 02071555 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 02071555









ABSOLUTELY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ABSOLUTELY LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5


 
ABSOLUTELY LIMITED
REGISTERED NUMBER: 02071555

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
8,525
8,720

Cash at bank and in hand
 5 
43,745
42,060

  
52,270
50,780

Creditors: amounts falling due within one year
 6 
(1,639)
(668)

Net current assets
  
 
 
50,631
 
 
50,112

Total assets less current liabilities
  
50,631
50,112

  

Net assets
  
50,631
50,112


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
50,531
50,012

  
50,631
50,112


Page 1

 
ABSOLUTELY LIMITED
REGISTERED NUMBER: 02071555
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
E Leal
Director

Date: 21 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ABSOLUTELY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Absolutely Limited is a private company limited by shares. The company is incorporated in England and Wales and the address of the registered office is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 02071555.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
ABSOLUTELY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
8,525
8,720

8,525
8,720


Page 4

 
ABSOLUTELY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
43,745
42,060

43,745
42,060



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
119
-

Other creditors
480
168

Accruals and deferred income
1,040
500

1,639
668


 
Page 5