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Company Registration No. 06405976 (England and Wales)
Afonchies Consulting Limited Unaudited accounts for the year ended 21 October 2021
Afonchies Consulting Limited Unaudited accounts Contents
Page
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Afonchies Consulting Limited Company Information for the year ended 21 October 2021
Director
Adebisi Afon
Company Number
06405976 (England and Wales)
Registered Office
Ingles Manor Castle hill avenue Folkestone Kent CT20 2RD GB
Accountants
Afonchies Consulting Limited Ingles Manor Castle Hill Avenue Folkestone Kent CT20 2RD
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Afonchies Consulting Limited Statement of financial position as at 21 October 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,000 
- 
Investments
70,687 
- 
110,687 
- 
Current assets
Debtors
- 
30,000 
Cash at bank and in hand
25,100 
10,745 
25,100 
40,745 
Creditors: amounts falling due within one year
(82,036)
- 
Net current (liabilities)/assets
(56,936)
40,745 
Total assets less current liabilities
53,751 
40,745 
Creditors: amounts falling due after more than one year
- 
(30,000)
Net assets
53,751 
10,745 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
53,750 
10,744 
Shareholders' funds
53,751 
10,745 
For the year ending 21 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2022 and were signed on its behalf by
Adebisi Afon Director Company Registration No. 06405976
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Afonchies Consulting Limited Notes to the Accounts for the year ended 21 October 2021
1
Statutory information
Afonchies Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 06405976. The registered office is Ingles Manor, Castle hill avenue, Folkestone, Kent, CT20 2RD, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 22 October 2020
- 
Additions
40,000 
At 21 October 2021
40,000 
Depreciation
At 21 October 2021
- 
Net book value
At 21 October 2021
40,000 
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Afonchies Consulting Limited Notes to the Accounts for the year ended 21 October 2021
5
Investments
Other investments 
£ 
Valuation at 22 October 2020
- 
Additions
70,687 
Valuation at 21 October 2021
70,687 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Debtors: amounts falling due after more than one year
Other debtors
- 
30,000 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
60,000 
- 
VAT
15,536 
- 
Taxes and social security
6,500 
- 
82,036 
- 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
- 
30,000 
Bounce back loan
9
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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