Registered number
11216188
ABSOLUTE BODY SOLUTIONS MANCHESTER CITY CENTRE LIMITED
Unaudited Filleted Accounts
31 December 2024
ABSOLUTE BODY SOLUTIONS MANCHESTER CITY CENTRE LIMITED
Registered number: 11216188
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,355 28,077
Current assets
Debtors 4 42,673 44,381
Cash at bank and in hand 3,732 3,465
46,405 47,846
Creditors: amounts falling due within one year 5 (62,827) (59,928)
Net current liabilities (16,422) (12,082)
Total assets less current liabilities 3,933 15,995
Creditors: amounts falling due after more than one year 6 (10,391) (21,558)
Net liabilities (6,458) (5,563)
Capital and reserves
Called up share capital 100 100
Profit and loss account (6,558) (5,663)
Shareholder's funds (6,458) (5,563)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C O'Brien
Director
Approved by the board on 23 September 2025
ABSOLUTE BODY SOLUTIONS MANCHESTER CITY CENTRE LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures,fittings, tools and equipment
£
Cost
At 1 January 2024 75,673
At 31 December 2024 75,673
Depreciation
At 1 January 2024 47,596
Charge for the year 7,722
At 31 December 2024 55,318
Net book value
At 31 December 2024 20,355
At 31 December 2023 28,077
4 Debtors 2024 2023
£ £
Other debtors 42,673 44,381
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 12,777 13,940
Taxation and social security costs 6,053 5,126
Other creditors 43,997 40,862
62,827 59,928
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,391 21,558
7 Contingent liabilities
The company has entered into a full repair and maintenance lease on it's trading premises. Upon expiry of the lease the company will be subject to a dilapidations claim from the landlord in order to put the building back in it's original state. This amount has been reasonably estimated at £66,100 and has been recognised as a contingent liability by the company.
8 Other information
ABSOLUTE BODY SOLUTIONS MANCHESTER CITY CENTRE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
300 St. Mary's Road
Garston
Liverpool
Merseyside
L19 0NQ
ABSOLUTE BODY SOLUTIONS MANCHESTER CITY CENTRE LIMITED 11216188 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 C O'Brien No description of principal activity 11216188 2023-01-01 2023-12-31 11216188 core:WithinOneYear 2023-12-31 11216188 core:AfterOneYear 2023-12-31 11216188 core:ShareCapital 2023-12-31 11216188 core:RetainedEarningsAccumulatedLosses 2023-12-31 11216188 2024-01-01 2024-12-31 11216188 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11216188 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11216188 bus:Director40 2024-01-01 2024-12-31 11216188 1 2024-01-01 2024-12-31 11216188 2 2024-01-01 2024-12-31 11216188 core:PlantMachinery 2024-01-01 2024-12-31 11216188 countries:England 2024-01-01 2024-12-31 11216188 bus:FRS102 2024-01-01 2024-12-31 11216188 bus:FilletedAccounts 2024-01-01 2024-12-31 11216188 2024-12-31 11216188 core:WithinOneYear 2024-12-31 11216188 core:AfterOneYear 2024-12-31 11216188 core:ShareCapital 2024-12-31 11216188 core:RetainedEarningsAccumulatedLosses 2024-12-31 11216188 core:PlantMachinery 2024-12-31 11216188 2023-12-31 11216188 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure