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REGISTERED NUMBER: 01554629 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

A F S Financial Management Limited

A F S Financial Management Limited (Registered number: 01554629)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


A F S Financial Management Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G P Stamp
G H Stamp





REGISTERED OFFICE: 40 Upper Montagu Street
London
W1H 1RP





REGISTERED NUMBER: 01554629 (England and Wales)






A F S Financial Management Limited (Registered number: 01554629)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 434,704 38,914
Investments 6 70,691 49,895
505,395 88,809

CURRENT ASSETS
Debtors 14,429 15,293
Cash at bank 672,615 982,946
687,044 998,239
CREDITORS
Amounts falling due within one year 136,453 41,232
NET CURRENT ASSETS 550,591 957,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,055,986

1,045,816

PROVISIONS FOR LIABILITIES 16,641 7,394
NET ASSETS 1,039,345 1,038,422

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,029,345 1,028,422
SHAREHOLDERS' FUNDS 1,039,345 1,038,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

A F S Financial Management Limited (Registered number: 01554629)

Abridged Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2023 and were signed on its behalf by:





G P Stamp - Director


A F S Financial Management Limited (Registered number: 01554629)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

A F S Financial Management Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents fees and commissions receivable. Commission is accounted for as it falls due for payment to the company.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - straight line over the life of the lease
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Current asset investments are at lower of cost and net realisable value.

A F S Financial Management Limited (Registered number: 01554629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 95,977
AMORTISATION
At 1 April 2022
and 31 March 2023 95,977
NET BOOK VALUE

At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 80,308
Additions 441,418
Disposals (13,077 )
At 31 March 2023 508,649
DEPRECIATION
At 1 April 2022 41,394
Charge for year 41,219
Eliminated on disposal (8,668 )
At 31 March 2023 73,945
NET BOOK VALUE
At 31 March 2023 434,704
At 31 March 2022 38,914

A F S Financial Management Limited (Registered number: 01554629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022 49,895
Additions 20,796
At 31 March 2023 70,691
NET BOOK VALUE
At 31 March 2023 70,691
At 31 March 2022 49,895