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Company Registration No. 07046373 (England and Wales)
Absolute Warehouse Services Limited Unaudited accounts for the year ended 29 December 2024
Absolute Warehouse Services Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Absolute Warehouse Services Limited Company Information for the year ended 29 December 2024
Director
Gary Wagstaff
Company Number
07046373 (England and Wales)
Accountants
KSA Consultants Ltd T/A Sycamore Accounting Services 31a Dewsbury Gate Road Dewsbury WEST YORKSHIRE WF13 4AX
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Absolute Warehouse Services Limited Statement of financial position as at 29 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
1,151,972
953,777
Investments
5
357,477
357,477
1,509,449
1,311,254
Current assets
Debtors
6
2,295,946
1,936,512
Cash at bank and in hand
138,860
117,596
2,434,806
2,054,108
Creditors: amounts falling due within one year
7
(1,547,572)
(932,831)
Net current assets
887,234
1,121,277
Total assets less current liabilities
2,396,683
2,432,531
Creditors: amounts falling due after more than one year
8
(405,285)
(483,659)
Provisions for liabilities
Other provisions
(26,115)
(26,115)
Net assets
1,965,283
1,922,757
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
1,964,283
1,921,757
Shareholders' funds
1,965,283
1,922,757
For the year ending 29 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2025 and were signed on its behalf by
Gary Wagstaff Director Company Registration No. 07046373
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Absolute Warehouse Services Limited Notes to the Accounts for the year ended 29 December 2024
1
Statutory information
Absolute Warehouse Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07046373.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% RB
Plant & machinery
25% RB
Motor vehicles
25% RB
Fixtures & fittings
15% RB
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 30 December 2023
500,925
245,827
419,266
1,110,598
2,276,616
Additions
333,005
15,432
116,506
3,225
468,168
Disposals
-
-
(75,870)
-
(75,870)
At 29 December 2024
833,930
261,259
459,902
1,113,823
2,668,914
Depreciation
At 30 December 2023
193,264
164,320
230,812
734,443
1,322,839
Charge for the year
64,067
24,235
67,862
56,907
213,071
On disposals
-
-
(18,968)
-
(18,968)
At 29 December 2024
257,331
188,555
279,706
791,350
1,516,942
Net book value
At 29 December 2024
576,599
72,704
180,196
322,473
1,151,972
At 29 December 2023
307,661
81,507
188,454
376,155
953,777
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Absolute Warehouse Services Limited Notes to the Accounts for the year ended 29 December 2024
5
Investments
Other investments
£
Valuation at 30 December 2023
357,477
Valuation at 29 December 2024
357,477
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
763,616
746,465
Accrued income and prepayments
78,360
75,051
Other debtors
1,453,970
1,114,996
2,295,946
1,936,512
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
229,965
54,198
VAT
358,627
171,044
Obligations under finance leases and hire purchase contracts
34,351
40,755
Trade creditors
564,645
296,584
Taxes and social security
117,893
131,211
Other creditors
232,091
229,039
Accruals
10,000
10,000
1,547,572
932,831
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
198,928
260,147
Obligations under finance leases and hire purchase contracts
102,575
119,730
Other creditors
103,782
103,782
405,285
483,659
9
Average number of employees
During the year the average number of employees was 40 (2023: 40).
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