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Registration number: 06356456

Absolute Effects UK Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 August 2024

 

Absolute Effects UK Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Absolute Effects UK Limited

Company Information

Director

D Watkins

Company secretary

K Watkins

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Absolute Effects UK Limited

(Registration number: 06356456)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

3

118,992

118,992

Tangible assets

4

349,918

446,921

 

468,910

565,913

Current assets

 

Debtors

37,253

30,939

Cash at bank and in hand

 

52,838

185,682

 

90,091

216,621

Creditors: Amounts falling due within one year

(88,290)

(125,947)

Net current assets

 

1,801

90,674

Total assets less current liabilities

 

470,711

656,587

Creditors: Amounts falling due after more than one year

(47,836)

(80,797)

Provisions for liabilities

(56,472)

(94,166)

Net assets

 

366,403

481,624

Capital and reserves

 

Called up share capital

100

100

Retained earnings

366,303

481,524

Shareholders' funds

 

366,403

481,624

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 19 May 2025
 

 

Absolute Effects UK Limited

(Registration number: 06356456)
Abridged Balance Sheet as at 31 August 2024

.........................................
D Watkins
Director

   
     
 

Absolute Effects UK Limited

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

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Absolute Effects UK Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% straight line basis

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

3

Intangible assets

Total
£

Cost or valuation

Additions acquired separately

118,992

At 31 August 2024

118,992

Amortisation

Carrying amount

At 31 August 2024

118,992

At 31 August 2023

118,992

 

Absolute Effects UK Limited

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

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

1,192,610

19,181

129,062

1,340,853

Additions

440

883

-

1,323

At 31 August 2024

1,193,050

20,064

129,062

1,342,176

Depreciation

At 1 September 2023

799,093

11,167

83,672

893,932

Charge for the year

81,529

5,450

11,347

98,326

At 31 August 2024

880,622

16,617

95,019

992,258

Carrying amount

At 31 August 2024

312,428

3,447

34,043

349,918

At 31 August 2023

393,517

8,014

45,390

446,921

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100