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REGISTERED NUMBER: 09550313 (England and Wales)















AFX MIXING AND PUMPING TECHNOLOGIES
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






AFX MIXING AND PUMPING TECHNOLOGIES
LIMITED (REGISTERED NUMBER: 09550313)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


AFX MIXING AND PUMPING TECHNOLOGIES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: E J Els
T H S Frostwick
J J Strydom





REGISTERED OFFICE: Unit 17 Abbey Business Park
Backhill Road
Holton Heath Trading Park
Poole
Dorset
BH16 6NN





REGISTERED NUMBER: 09550313 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

AFX MIXING AND PUMPING TECHNOLOGIES
LIMITED (REGISTERED NUMBER: 09550313)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,670 4,875

CURRENT ASSETS
Stocks 34,413 39,001
Debtors 6 457,489 456,228
Cash at bank 104,782 63,306
596,684 558,535
CREDITORS
Amounts falling due within one year 7 428,677 445,053
NET CURRENT ASSETS 168,007 113,482
TOTAL ASSETS LESS CURRENT LIABILITIES 171,677 118,357

CREDITORS
Amounts falling due after more than one year 8 33,112 38,777
NET ASSETS 138,565 79,580

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 138,465 79,480
SHAREHOLDERS' FUNDS 138,565 79,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




T H S Frostwick - Director


AFX MIXING AND PUMPING TECHNOLOGIES
LIMITED (REGISTERED NUMBER: 09550313)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

AFX Mixing and Pumping Technologies 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.

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.

Turnover
Turnover represents management charges and sales of the company's products excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Plant, and computer equipment assets are held at cost less accumulated depreciation.

Stocks
Stocks are valued at the lower of cost and fair value less costs to complete and sell after making due allowance for obsolete and slow moving items.

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 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.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AFX MIXING AND PUMPING TECHNOLOGIES
LIMITED (REGISTERED NUMBER: 09550313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022 16,168 284 16,452
Additions - 426 426
Disposals (1,967 ) (175 ) (2,142 )
At 28 February 2023 14,201 535 14,736
DEPRECIATION
At 1 March 2022 11,389 188 11,577
Charge for year 1,394 237 1,631
Eliminated on disposal (1,967 ) (175 ) (2,142 )
At 28 February 2023 10,816 250 11,066
NET BOOK VALUE
At 28 February 2023 3,385 285 3,670
At 28 February 2022 4,779 96 4,875

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,670 124,715
Group company debtors 168,413 -
Other debtors 120 1,289
Payments on account 215,496 314,290
Directors' current accounts - 800
Prepayments and accrued income 17,790 15,134
457,489 456,228

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,714 6,714
Payments on account 156,477 359,415
Trade creditors 19,966 31,719
Corporation tax 14,756 18,005
Group company creditors 227,764 27,200
Accruals and deferred income 3,000 2,000
428,677 445,053

AFX MIXING AND PUMPING TECHNOLOGIES
LIMITED (REGISTERED NUMBER: 09550313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 26,675 26,856
Bank loans more 5 yr by instal 6,437 11,921
33,112 38,777

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,437 11,921

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 22,638 -
Between one and five years 76,533 -
99,171 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
T H S Frostwick
Balance outstanding at start of year 800 -
Amounts advanced - 800
Amounts repaid (800 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 800

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is AFX Holdings Proprietary Limited - 25a Rudo Nell Road, 1459 Boksburg, Gauteng, South Africa.