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REGISTERED NUMBER: 06927341 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

FOR

A.F.S.E. LIMITED

A.F.S.E. LIMITED (REGISTERED NUMBER: 06927341)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.F.S.E. LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023







DIRECTORS: D J Aguirre De Carcer
J F Ballin





REGISTERED OFFICE: Frontier House
Pier Road
North Feltham Trading Estate
Feltham
Middlesex
TW14 0TW





REGISTERED NUMBER: 06927341 (England and Wales)





ACCOUNTANTS: Norton Lewis & Co.
4th Floor
Charles House
108-110 Finchley Road
London
NW3 5JJ

A.F.S.E. LIMITED (REGISTERED NUMBER: 06927341)

BALANCE SHEET
30 JUNE 2023

30.6.23 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,759

CURRENT ASSETS
Debtors 5 7,765 183,231
Cash at bank 156,440 75,671
164,205 258,902
CREDITORS
Amounts falling due within one year 6 13,657 102,724
NET CURRENT ASSETS 150,548 156,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,548

158,937

PROVISIONS FOR LIABILITIES 590 590
NET ASSETS 149,958 158,347

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 49,958 58,347
149,958 158,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





D J Aguirre De Carcer - Director


A.F.S.E. LIMITED (REGISTERED NUMBER: 06927341)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

1. STATUTORY INFORMATION

A.F.S.E. 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 (£) and rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company will cease trading in 2023 and so the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company’s assets down to net realisable value. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.’

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilites that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on cost

Taxation
Taxation for the period 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 period 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2021 - 3 ) .

A.F.S.E. LIMITED (REGISTERED NUMBER: 06927341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 19,873
Disposals (2,759 )
At 30 June 2023 17,114
DEPRECIATION
At 1 January 2022
and 30 June 2023 17,114
NET BOOK VALUE
At 30 June 2023 -
At 31 December 2021 2,759

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.12.21
£    £   
Trade debtors 6,391 179,890
Other debtors 1,374 3,341
7,765 183,231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.12.21
£    £   
Trade creditors 5,662 64,463
Taxation and social security (5 ) 3,252
Other creditors 8,000 35,009
13,657 102,724

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 31.12.21
£    £   
Within one year - 10,000
Between one and five years - 5,000
- 15,000