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Company Registration No. 08533607 (England and Wales)
AFC Parts Ltd Unaudited accounts for the year ended 31 May 2023
AFC Parts Ltd Unaudited accounts Contents
Page
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AFC Parts Ltd Company Information for the year ended 31 May 2023
Director
Mr Marcin Anew
Company Number
08533607 (England and Wales)
Registered Office
13f River Road Barking Essex IG11 0HE United Kingdom
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AFC Parts Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
597 
Current assets
Inventories
- 
8,922 
Debtors
- 
1,272 
Cash at bank and in hand
(1,812)
370 
(1,812)
10,564 
Creditors: amounts falling due within one year
(1,771)
7,540 
Net current (liabilities)/assets
(3,583)
18,104 
Total assets less current liabilities
(3,583)
18,701 
Creditors: amounts falling due after more than one year
(17,873)
(22,138)
Net liabilities
(21,456)
(3,437)
Capital and reserves
Profit and loss account
(21,456)
(3,437)
Shareholders' funds
(21,456)
(3,437)
For the year ending 31 May 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 22 February 2024 and were signed on its behalf by
Mr Marcin Anew Director Company Registration No. 08533607
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AFC Parts Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
AFC Parts Ltd is a private company, limited by shares, registered in England and Wales, registration number 08533607. The registered office is 13f River Road, Barking, Essex, IG11 0HE, United Kingdom .
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2022
884 
Disposals
(597)
At 31 May 2023
287 
Amortisation
At 1 June 2022
287 
At 31 May 2023
287 
Net book value
At 31 May 2023
- 
At 31 May 2022
597 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,272 
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AFC Parts Ltd Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
1,530 
Loans from directors
1,771 
(9,070)
1,771 
(7,540)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,873 
22,138 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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