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REGISTERED NUMBER: 08789472 (England and Wales)















Financial Statements

for the Year Ended 30 November 2021

for

Affable Digital Ltd

Affable Digital Ltd (Registered number: 08789472)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Affable Digital Ltd

Company Information
for the Year Ended 30 November 2021







DIRECTORS: T J Letheren
M Blay
R Afshar





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 08789472 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Affable Digital Ltd (Registered number: 08789472)

Statement of Financial Position
30 November 2021

30/11/21 30/11/20
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 1,158 867

CURRENT ASSETS
Debtors 6 26,677 34,440
Cash at bank 1,682 47,071
28,359 81,511
CREDITORS
Amounts falling due within one year 7 (30,043 ) (37,513 )
NET CURRENT (LIABILITIES)/ASSETS (1,684 ) 43,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

(526

)

44,865

CREDITORS
Amounts falling due after more than one
year

8

(73,666

)

(44,167

)
NET (LIABILITIES)/ASSETS (74,192 ) 698

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings (74,492 ) 398
SHAREHOLDERS' FUNDS (74,192 ) 698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

Affable Digital Ltd (Registered number: 08789472)

Statement of Financial Position - continued
30 November 2021


The 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, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:





M Blay - Director


Affable Digital Ltd (Registered number: 08789472)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Affable Digital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The statement of financial position shows a deficit in retained earnings at 30 November 2021. The directors are continuing to search for new profitable work and have confirmed they will continue to provide financial support to the company while they are searching for these new revenue streams. On this basis, the company's directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 3 ) .

Affable Digital Ltd (Registered number: 08789472)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 December 2020 567 3,926 4,493
Additions 375 383 758
Disposals (567 ) (2,746 ) (3,313 )
At 30 November 2021 375 1,563 1,938
Depreciation
At 1 December 2020 492 3,134 3,626
Charge for year 46 371 417
Eliminated on disposal (517 ) (2,746 ) (3,263 )
At 30 November 2021 21 759 780
Net book value
At 30 November 2021 354 804 1,158
At 30 November 2020 75 792 867

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/21 30/11/20
£    £   
Trade debtors 6,000 -
Other debtors 20,677 34,440
26,677 34,440

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/21 30/11/20
£    £   
Bank loans and overdrafts 11,333 5,833
Trade creditors 1,896 -
Taxation and social security 47 27,375
Other creditors 16,767 4,305
30,043 37,513

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/21 30/11/20
£    £   
Bank loans 73,666 44,167

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,666 4,167

Affable Digital Ltd (Registered number: 08789472)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2021 and 30 November 2020:

30/11/21 30/11/20
£    £   
M Blay
Balance outstanding at start of year 5,122 -
Amounts advanced - 5,122
Amounts repaid (5,122 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,122

T J Letheren
Balance outstanding at start of year 24,638 14,403
Amounts advanced - 10,235
Amounts repaid (13,008 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,630 24,638

Included in Other Debtors is an amount of £11,630 (2020: £29,760) which is owed to the company the directors. Interest of 2% and 2.25% where applicable has been charged on this amount.