Absolute Electronics Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02640544

Absolute Electronics Limited

Filleted Unaudited Financial Statements

31 August 2025

Absolute Electronics Limited

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	480	854

Current assets

Stocks		49,875	69,818
Debtors	5	73,714	59,869
Cash at bank and in hand		46,978	92,076
		---------	---------
		170,567	221,763

Creditors: amounts falling due within one year	6	61,178	79,776
		---------	---------
Net current assets		109,389	141,987
		---------	---------
Total assets less current liabilities		109,869	142,841

Creditors: amounts falling due after more than one year	7	1,183	3,398
		---------	---------
Net assets		108,686	139,443
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	108,586	139,343
	---------	---------
Shareholders funds	108,686	139,443
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2025 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 financial statements for the year in question in accordance with section 476 ;

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

Absolute Electronics Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 12 December 2025 , and are signed on behalf of the board by:

Mr C D Armstrong
Director

Company registration number: 02640544

Absolute Electronics Limited

Accounting Policies

Year ended 31 August 2025

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover represents the value, net of Value Added Tax, of goods sold and services provided to customers.

Taxation

Current tax and deferred tax is recognised on taxable profit for the current and past periods.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Office equipment	-	25% reducing balance
Computer equipment	-	33% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Pension contributions

The company contributes to the pension scheme for the director on a money purchase basis. Other staff contributions are paid in accordance with auto enrolment regulations. Contributions payable are charged to the profit and loss account in the year to which they relate.

Absolute Electronics Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 131 Feltham Road, Ashford, Middlesex, TW15 1AB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

4. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 September 2024 and 31 August 2025	3,412	2,829	6,241
	-------	-------	-------
Depreciation
At 1 September 2024	3,412	1,975	5,387
Charge for the year	–	374	374
	-------	-------	-------
At 31 August 2025	3,412	2,349	5,761
	-------	-------	-------
Carrying amount
At 31 August 2025	–	480	480
	-------	-------	-------
At 31 August 2024	–	854	854
	-------	-------	-------

5. Debtors

	2025	2024
	£	£
Trade debtors	63,144	56,238
Other debtors	10,570	3,631
	--------	--------
	73,714	59,869
	--------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,231	2,221
Trade creditors	8,253	2,438
Social security and other taxes	393	858
Other creditors	50,301	74,259
	--------	--------
	61,178	79,776
	--------	--------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,183	3,398
	-------	-------