Company registration number 03942090 (England and Wales)
ABSOLUTE SOLVENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ABSOLUTE SOLVENTS LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
ABSOLUTE SOLVENTS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,108,913
1,338,775
Current assets
Stocks
60,000
65,000
Debtors
3,877,561
3,188,840
Cash at bank and in hand
22,135
49,414
3,959,696
3,303,254
Creditors: amounts falling due within one year
(986,549)
(1,170,395)
Net current assets
2,973,147
2,132,859
Total assets less current liabilities
4,082,060
3,471,634
Creditors: amounts falling due after more than one year
(41,275)
(284,614)
Provisions for liabilities
(990,793)
(719,122)
Net assets
3,049,992
2,467,898
Capital and reserves
Called up share capital
100
100
Revaluation reserve
4
347,850
379,136
Profit and loss reserves
2,702,042
2,088,662
Total equity
3,049,992
2,467,898
ABSOLUTE SOLVENTS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 June 2026 and are signed on its behalf by:
Mr P K Gardner
Director
Company registration number 03942090 (England and Wales)
ABSOLUTE SOLVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Absolute Solvents Limited is a private company limited by shares incorporated in England and Wales. The registered office is K5 The Courtyard, Jenson Avenue, Commercial Park, Frome, Somerset, BA11 2FG.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on reducing balance
Plant and machinery
20% on reducing balance
Fixtures and fittings
20% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ABSOLUTE SOLVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
9
10
ABSOLUTE SOLVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Total
£
Cost
At 1 April 2024
2,334,570
Additions
317
Disposals
(226,500)
At 31 March 2025
2,108,387
Depreciation and impairment
At 1 April 2024
995,795
Depreciation charged in the year
55,974
Eliminated in respect of disposals
(52,295)
At 31 March 2025
999,474
Carrying amount
At 31 March 2025
1,108,913
At 31 March 2024
1,338,775
4
Revaluation reserve
2025
2024
£
£
At the beginning of the year
379,136
379,136
Transfer to retained earnings
(31,286)
-
0
At the end of the year
347,850
379,136
5
Parent company

The ultimate controlling party is AS Group Holdings Limited, a company registered in England & Wales whose Registered Office is at K5 The Courtyard Jenson Avenue, Commerce Park, Frome, Somerset, BA11 2FG.

2025-03-31 2024-04-01 false false false 02 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Ms A Gardner Mr P K Gardner Ms A Gardner 03942090 2024-04-01 2025-03-31 03942090 2025-03-31 03942090 2024-03-31 03942090 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 03942090 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03942090 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 03942090 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 03942090 core:ShareCapital 2025-03-31 03942090 core:ShareCapital 2024-03-31 03942090 core:RevaluationReserve 2025-03-31 03942090 core:RevaluationReserve 2024-03-31 03942090 core:RetainedEarningsAccumulatedLosses 2025-03-31 03942090 core:RetainedEarningsAccumulatedLosses 2024-03-31 03942090 core:RevaluationReserve 2024-03-31 03942090 core:RevaluationReserve 2023-03-31 03942090 bus:Director1 2024-04-01 2025-03-31 03942090 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03942090 core:PlantMachinery 2024-04-01 2025-03-31 03942090 core:FurnitureFittings 2024-04-01 2025-03-31 03942090 core:MotorVehicles 2024-04-01 2025-03-31 03942090 2023-04-01 2024-03-31 03942090 2024-03-31 03942090 core:RevaluationReserve 2024-04-01 2025-03-31 03942090 core:RevaluationReserve 2023-04-01 2024-03-31 03942090 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03942090 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03942090 bus:FRS102 2024-04-01 2025-03-31 03942090 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03942090 bus:Director2 2024-04-01 2025-03-31 03942090 bus:CompanySecretary1 2024-04-01 2025-03-31 03942090 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP