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ABSOLUTE ALLOYS LIMITED |
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Unaudited Financial Statements |
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for the Year Ended 31 March 2016 |
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ABSOLUTE ALLOYS LIMITED |
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Unaudited Financial Statements |
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for the Year Ended 31 March 2016 |
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ABSOLUTE ALLOYS LIMITED (REGISTERED NUMBER: 07553086) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ABSOLUTE ALLOYS LIMITED |
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Company Information |
for the Year Ended 31 March 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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88 Hill Village Road |
Sutton Coldfield |
West Midlands |
B75 5BE |
ABSOLUTE ALLOYS LIMITED (REGISTERED NUMBER: 07553086) |
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Balance Sheet |
31 March 2016 |
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2016 | 2015 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings | 11 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ABSOLUTE ALLOYS LIMITED (REGISTERED NUMBER: 07553086) |
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Balance Sheet - continued |
31 March 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the director on
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ABSOLUTE ALLOYS LIMITED (REGISTERED NUMBER: 07553086) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2016 |
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1. | STATUTORY INFORMATION |
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Absolute Alloys Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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These financial statements for the year ended 31st March 2016 are the first financial statements that |
comply with FRS 102 Section 1A small entities. |
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In preparing the accounts the directors have considered whether in applying the accounting policies |
required by FRS 102 Section 1A the restatement of comparative items was required. At the date of |
transition there were no restatements necessary. |
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The accounts are prepared on the going concern basis under the assumption that the company's |
creditors, in particular the company's director, continues to provide financial support to the company. |
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Turnover |
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Goodwill |
Goodwill is being amortised over its estimated useful life. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ABSOLUTE ALLOYS LIMITED (REGISTERED NUMBER: 07553086) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 |
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AMORTISATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Other debtors |
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ABSOLUTE ALLOYS LIMITED (REGISTERED NUMBER: 07553086) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2016 | 2015 |
£ | £ |
Bank loans |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2016 | 2015 |
£ | £ |
Bank loans |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary shares | £1 | 100 | 100 |
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11. | RESERVES |
Retained |
earnings |
£ |
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At 1 April 2015 |
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Deficit for the year | ( |
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At 31 March 2016 | ( |
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12. | ULTIMATE CONTROLLING PARTY |
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13. | FIRST YEAR ADOPTION |
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Transitional relief |
On transition to FRS 102, the company has taken advantage of the following transitional relief: |
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• | not to apply the requirements of Section 19 Business Combinations and Goodwill. |
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As a result the amortisation charge for the year ended 31 March 2016 has been increased by £2,500. |