1 January 2022 false No description of principal activity Taxfiler 2023.9 09371669business:PrivateLimitedCompanyLtd2022-01-012022-12-31 093716692021-12-31 093716692022-01-012022-12-31 09371669business:AuditExempt-NoAccountantsReport2022-01-012022-12-31 09371669business:FilletedAccounts2022-01-012022-12-31 093716692022-12-31 09371669business:Director12022-01-012022-12-31 09371669business:RegisteredOffice2022-01-012022-12-31 093716692021-12-31 09371669core:WithinOneYear2022-12-31 09371669core:WithinOneYear2021-12-31 09371669core:AfterOneYear2022-12-31 09371669core:AfterOneYear2021-12-31 09371669core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 09371669core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 09371669core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 09371669core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 09371669core:PreviouslyStatedAmount2022-12-31 09371669core:PreviouslyStatedAmount2021-12-31 09371669business:SmallEntities2022-01-012022-12-31 09371669countries:EnglandWales2022-01-012022-12-31 09371669core:PlantMachinery2022-01-012022-12-31 09371669core:FurnitureFittings2022-01-012022-12-31 09371669core:ComputerEquipment2022-01-012022-12-31 09371669core:OtherPropertyPlantEquipment2022-01-012022-12-31 09371669core:PlantMachinery2021-12-31 09371669core:FurnitureFittings2021-12-31 09371669core:ComputerEquipment2021-12-31 09371669core:PlantMachinery2022-12-31 09371669core:FurnitureFittings2022-12-31 09371669core:ComputerEquipment2022-12-31 093716692021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 09371669 (England and Wales)
AFA GROUP LTD Unaudited accounts for the year ended 31 December 2022
AFA GROUP LTD Unaudited accounts Contents
Page
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AFA GROUP LTD Company Information for the year ended 31 December 2022
Director
Fiaz Ashraf
Company Number
09371669 (England and Wales)
Registered Office
UNIVERSAL SQUARE SUITE 9 BUILDING 4 DEVONSHIRE STREET NORTH MANCHESTER M12 6JH
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AFA GROUP LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,001 
35,001 
Current assets
Debtors
339,059 
313,301 
Cash at bank and in hand
611,025 
578,593 
950,084 
891,894 
Creditors: amounts falling due within one year
(842,046)
(799,830)
Net current assets
108,038 
92,064 
Total assets less current liabilities
143,039 
127,065 
Creditors: amounts falling due after more than one year
303,000 
303,000 
Net assets
446,039 
430,065 
Capital and reserves
Called up share capital
292 
292 
Profit and loss account
445,747 
429,773 
Shareholders' funds
446,039 
430,065 
For the year ending 31 December 2022 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 30 September 2023 and were signed on its behalf by
Fiaz Ashraf Director Company Registration No. 09371669
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AFA GROUP LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
AFA GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 09371669. The registered office is UNIVERSAL SQUARE SUITE 9 BUILDING 4, DEVONSHIRE STREET NORTH, MANCHESTER, M12 6JH.
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.
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Other tangible fixed assets
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
30,447 
14,136 
2,085 
46,668 
At 31 December 2022
30,447 
14,136 
2,085 
46,668 
Depreciation
At 1 January 2022
7,612 
3,534 
521 
11,667 
At 31 December 2022
7,612 
3,534 
521 
11,667 
Net book value
At 31 December 2022
22,835 
10,602 
1,564 
35,001 
At 31 December 2021
22,835 
10,602 
1,564 
35,001 
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AFA GROUP LTD Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
117,450 
91,692 
Other debtors
221,609 
221,609 
339,059 
313,301 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
(15,780)
(15,780)
Trade creditors
641,752 
683,499 
Taxes and social security
- 
(83,963)
Other creditors
206,074 
206,074 
Accruals
10,000 
10,000 
842,046 
799,830 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
(303,000)
(303,000)
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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