Absolute Formwork Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 08218505

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		184,462		153,533

			184,462		153,533
CURRENT ASSETS
Stocks		58,000		32,452
Debtors	5	508,044		415,974
Cash at bank and in hand		177,300		224,084

		743,344		672,510
Creditors: Amounts Falling Due Within One Year		(126,203 )		(71,800 )

NET CURRENT ASSETS (LIABILITIES)			617,141		600,710

TOTAL ASSETS LESS CURRENT LIABILITIES			801,603		754,243

Creditors: Amounts Falling Due After More Than One Year			(31,681 )		(61,779 )

NET ASSETS			769,922		692,464

CAPITAL AND RESERVES
Called up share capital	7		101		101
Profit and Loss Account			769,821		692,363

SHAREHOLDERS' FUNDS			769,922		692,464

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Absolute Formwork Ltd

Abridged Balance Sheet (continued)

As At 29 March 2025

For the year ending 29 March 2025 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 directors acknowledge their 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 29 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Joe Stanley Director	Mr Anthony Brien Director
05/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Absolute Formwork Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08218505 . The registered office is 142 Mottram Old Road, Stalybridge, Cheshire, SK15 2RZ.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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:

Plant & Machinery	Reducing Balance @ 15%
Motor Vehicles	Reducing Balance @ 15%

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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Absolute Formwork Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 29 March 2025

4. Tangible Assets

	Total
	£
Cost
As at 30 March 2024	216,290
Additions	68,655

As at 29 March 2025	284,945

Depreciation
As at 30 March 2024	62,757
Provided during the period	37,726

As at 29 March 2025	100,483

Net Book Value
As at 29 March 2025	184,462

As at 30 March 2024	153,533

5. Debtors

	2025	2024
	£	£
Due after more than one year
Other debtors (1)	85,800	185,800

6. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	22,500	41,950

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	101	101

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 30 March 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 29 March 2025
	£	£	£	£	£
Mr Anthony Brien	-	130,000	-	-	130,000

The above loan is unsecured, interest free and repayable on demand.

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