Company Registration No. 05086629 (England and Wales)
Affinis Limited
Unaudited accounts
for the year ended 30 April 2023
Affinis Limited
Unaudited accounts
Contents
Affinis Limited
Company Information
for the year ended 30 April 2023
Company Number
05086629 (England and Wales)
Registered Office
79 Redhill Road
Rowland's Castle
Hampshire
PO9 6DE
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Affinis Limited
Statement of financial position
as at 30 April 2023
Tangible assets
39,106
45,896
Cash at bank and in hand
10,071
48,062
Creditors: amounts falling due within one year
(655)
(1,264)
Net current assets
160,604
198,763
Net assets
262,552
307,501
Called up share capital
10
10
Profit and loss account
262,542
307,491
Shareholders' funds
262,552
307,501
For the year ending 30 April 2023 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 28 July 2023 and were signed on its behalf by
D Digby
Director
Company Registration No. 05086629
Affinis Limited
Notes to the Accounts
for the year ended 30 April 2023
Affinis Limited is a private company, limited by shares, registered in England and Wales, registration number 05086629. The registered office is 79 Redhill Road, Rowland's Castle, Hampshire, PO9 6DE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
10% on cost
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Affinis Limited
Notes to the Accounts
for the year ended 30 April 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 May 2022
40,150
3,210
40,805
11,262
16,158
111,585
At 30 April 2023
40,150
3,210
40,805
11,262
16,158
111,585
At 1 May 2022
10,325
2,586
27,893
9,823
15,062
65,689
Charge for the year
2,065
156
3,227
360
982
6,790
At 30 April 2023
12,390
2,742
31,120
10,183
16,044
72,479
At 30 April 2023
27,760
468
9,685
1,079
114
39,106
At 30 April 2022
29,825
624
12,912
1,439
1,096
45,896
5
Investments
Other investments
Valuation at 1 May 2022
62,842
Valuation at 30 April 2023
62,842
Amounts falling due within one year
Other debtors
15,925
31,785
Amounts falling due after more than one year
Other debtors
135,233
120,000
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
664
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Affinis Limited
Notes to the Accounts
for the year ended 30 April 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
DirectorLoan Account
16,212
-
312
15,900
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).