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Registered number: 14279997
Absolute Property Maintenance Group Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14279997
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,277 5,703
Tangible Assets 5 477 561
4,754 6,264
CURRENT ASSETS
Debtors 6 28,414 44,968
Cash at bank and in hand 14 340
28,428 45,308
Creditors: Amounts Falling Due Within One Year 7 (36,932 ) (51,001 )
NET CURRENT ASSETS (LIABILITIES) (8,504 ) (5,693 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,750 ) 571
PROVISIONS FOR LIABILITIES
Deferred Taxation (119 ) (119 )
NET (LIABILITIES)/ASSETS (3,869 ) 452
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (3,871 ) 450
SHAREHOLDERS' FUNDS (3,869) 452
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Page 2
For the year ending 31 August 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 his 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
Mr David Buckley
Director
14/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Absolute Property Maintenance Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14279997 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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 and value added taxes. 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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. 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:
Computer Equipment 15% on reducing balance
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred 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.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet 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.
Current or deferred 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 and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 September 2023 5,000 2,129 7,129
As at 31 August 2024 5,000 2,129 7,129
Amortisation
As at 1 September 2023 1,000 426 1,426
Provided during the period 426 1,000 1,426
As at 31 August 2024 1,426 1,426 2,852
Net Book Value
As at 31 August 2024 3,574 703 4,277
As at 1 September 2023 4,000 1,703 5,703
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 660
As at 31 August 2024 660
Depreciation
As at 1 September 2023 99
Provided during the period 84
As at 31 August 2024 183
Net Book Value
As at 31 August 2024 477
As at 1 September 2023 561
Page 4
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6. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
VAT 214 -
Director's loan account 28,200 44,968
28,414 44,968
7. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Trade creditors 3,351 2,751
Corporation tax 33,581 33,581
VAT - 14,669
36,932 51,001
8. Share Capital
31 August 2024 31 August 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
Included in other debtors is an amount of £28,200 (2023 - £44,968) owed to the company by the director Mr D Buckley. This loan is interest free and no repayment terms have been agreed.
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