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REGISTERED NUMBER: 11546891 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ABSOLUTE VEHICLE SERVICES LIMITED

ABSOLUTE VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 11546891)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABSOLUTE VEHICLE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: D Hutley





SECRETARY:





REGISTERED OFFICE: Absolute Vehicle Services Limited
Thorley
Bishop's Stortford
Hertfordshire
CM23 4AL





REGISTERED NUMBER: 11546891 (England and Wales)





ACCOUNTANTS: Ashley James Limited
The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE

ABSOLUTE VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 11546891)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 47,136 56,671

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 78,246 57,516
Cash at bank 30,057 32,843
118,303 100,359
CREDITORS
Amounts falling due within one year 6 (61,466 ) (68,323 )
NET CURRENT ASSETS 56,837 32,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,973

88,707

CREDITORS
Amounts falling due after more than one year 7 (14,777 ) (25,145 )
NET ASSETS 89,196 63,562

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 89,096 63,462
89,196 63,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ABSOLUTE VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 11546891)

BALANCE SHEET - continued
31 DECEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 June 2025 and were signed by:





D Hutley - Director


ABSOLUTE VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 11546891)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Absolute Vehicle Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

ABSOLUTE VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 11546891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 123,744
Additions 838
At 31 December 2024 124,582
DEPRECIATION
At 1 January 2024 67,073
Charge for year 10,373
At 31 December 2024 77,446
NET BOOK VALUE
At 31 December 2024 47,136
At 31 December 2023 56,671

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors - 278
Other debtors 78,246 57,238
78,246 57,516

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,016 3,664
Trade creditors 8,695 12,287
Taxation and social security 32,985 38,748
Other creditors 7,770 3,624
61,466 68,323

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans 4,167 14,167
Hire purchase contracts 10,610 10,978
14,777 25,145