06059488 1.1.13 31.12.13 31.12.13 Company accounts Private Limited Company FY true false false false true false false Ordinary A 0.01000 Ordinary B 0.01000 Ordinary C 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure060594882012-12-31060594882013-12-31060594882013-01-012013-12-31060594882011-12-31060594882012-01-012012-12-31060594882012-12-3106059488ns12:England2013-01-012013-12-3106059488ns14:PoundSterling2013-01-012013-12-3106059488ns7:Director12013-01-012013-12-3106059488ns7:OrdinaryShareClass32013-01-012013-12-3106059488ns7:OrdinaryShareClass42013-01-012013-12-3106059488ns7:OrdinaryShareClass52013-01-012013-12-3106059488ns7:Director22013-01-012013-12-3106059488ns7:CompanySecretary2013-01-012013-12-3106059488ns7:RegisteredOffice2013-01-012013-12-3106059488ns7:EntityAccountantsOrAuditors2013-01-012013-12-3106059488ns5:FixturesFittings2013-01-012013-12-3106059488ns5:ComputerEquipment2013-01-012013-12-3106059488ns7:OrdinaryShareClass32013-12-3106059488ns7:OrdinaryShareClass32012-12-3106059488ns7:OrdinaryShareClass42013-12-3106059488ns7:OrdinaryShareClass42012-12-3106059488ns7:OrdinaryShareClass52013-12-3106059488ns7:OrdinaryShareClass52012-12-31
REGISTERED NUMBER: 06059488 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

ABSOLUTE EDGE LTD
ABSOLUTE EDGE LTD (REGISTERED NUMBER: 06059488)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3
ABSOLUTE EDGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2013







DIRECTORS: J G Coombs
J E Barlow





SECRETARY:





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





REGISTERED NUMBER: 06059488 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU
ABSOLUTE EDGE LTD (REGISTERED NUMBER: 06059488)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 9,806 12,161

CURRENT ASSETS
Stocks 50,896 114,988
Debtors 216,832 170,668
Cash at bank and in hand 43 99,759
267,771 385,415
CREDITORS
Amounts falling due within one year 3 274,101 379,840
NET CURRENT (LIABILITIES)/ASSETS (6,330 ) 5,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,476

17,736

PROVISIONS FOR LIABILITIES 1,961 2,979
NET ASSETS 1,515 14,757

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 1,415 14,657
SHAREHOLDERS' FUNDS 1,515 14,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 29 September 2014 and were signed on its behalf
by:





J E Barlow - Director

ABSOLUTE EDGE LTD (REGISTERED NUMBER: 06059488)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture,fittings & equipment - 25% on reducing balance
Computer & office equipment - Over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013 26,086
Additions 2,537
At 31 December 2013 28,623
DEPRECIATION
At 1 January 2013 13,925
Charge for year 4,892
At 31 December 2013 18,817
NET BOOK VALUE
At 31 December 2013 9,806
At 31 December 2012 12,161

3. CREDITORS

Creditors include an amount of £ 91,896 for which security has been given.
ABSOLUTE EDGE LTD (REGISTERED NUMBER: 06059488)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2013


4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
2,833 Ordinary A 1p 28 28
2,833 Ordinary B 1p 28 28
2,833 Ordinary C 1p 28 28
1,501 Ordinary D 1p 16 16
100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company was owed £7,793 (2012 : £1,246 owed to) by Mr J Barlow, a company director . The maximum balance outstanding during the year was £12,299 (2012 : £40,726). Interest of £163 (2012 : £648) was charged at the official rate of interest of 4.00%. This loan was repaid in full by 31 January 2014.

At the balance sheet date the company was owed £1,838 (2012 : £12,337 owed to) by Mr J Coombs, a company director . The maximum balance outstanding during the year was £10,273 (2012 : £26,308). Interest of £156 (2012 : £249) was charged on the loan at the official rate of interest of 4.00%. This loan was repaid in full by 31 January 2014.

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