Afrom Limited 08528445 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is medical services Digita Accounts Production Advanced 6.30.9574.0 true true 08528445 2022-06-01 2023-05-31 08528445 2023-05-31 08528445 bus:OrdinaryShareClass1 2023-05-31 08528445 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 08528445 core:FurnitureFittingsToolsEquipment 2023-05-31 08528445 core:OtherPropertyPlantEquipment 2023-05-31 08528445 bus:SmallEntities 2022-06-01 2023-05-31 08528445 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 08528445 bus:AbridgedAccounts 2022-06-01 2023-05-31 08528445 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 08528445 bus:RegisteredOffice 2022-06-01 2023-05-31 08528445 bus:CompanySecretary1 2022-06-01 2023-05-31 08528445 bus:CompanySecretary2 2022-06-01 2023-05-31 08528445 bus:Director1 2022-06-01 2023-05-31 08528445 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 08528445 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08528445 core:FurnitureFittings 2022-06-01 2023-05-31 08528445 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 08528445 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 08528445 core:PlantMachinery 2022-06-01 2023-05-31 08528445 countries:EnglandWales 2022-06-01 2023-05-31 08528445 2022-05-31 08528445 core:FurnitureFittingsToolsEquipment 2022-05-31 08528445 core:OtherPropertyPlantEquipment 2022-05-31 08528445 2021-06-01 2022-05-31 08528445 2022-05-31 08528445 bus:OrdinaryShareClass1 2022-05-31 08528445 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 08528445 core:FurnitureFittingsToolsEquipment 2022-05-31 08528445 core:OtherPropertyPlantEquipment 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08528445

Afrom Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2023

 

Afrom Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Afrom Limited

Company Information

Director

Dr Azreena Khan

Company secretary

Mr Omar Saulat

Miss Afreen Saulat

Registered office

11 Hotel Road
Gillingham
Kent
ME8 6AF

Accountants

Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

 

Afrom Limited

(Registration number: 08528445)
Abridged Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

116,367

104,225

Current assets

 

Cash at bank and in hand

 

2,296

304,296

Creditors: Amounts falling due within one year

(7,063)

(308,540)

Net current liabilities

 

(4,767)

(4,244)

Total assets less current liabilities

 

111,600

99,981

Accruals and deferred income

 

(3,600)

(3,000)

Net assets

 

108,000

96,981

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

107,900

96,881

Shareholders' funds

 

108,000

96,981

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 November 2023
 

.........................................
Dr Azreena Khan
Director

 

Afrom Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Hotel Road
Gillingham
Kent
ME8 6AF

The principal place of business is:
11 Hotel Road
Gillingham
Kent
ME8 6AF

These financial statements were authorised for issue by the director on 20 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Afrom Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Reducing balance

Furniture and fittings

20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Afrom Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2022

63,079

72,329

135,408

Additions

-

26,500

26,500

Disposals

(16,000)

(14,900)

(30,900)

At 31 May 2023

47,079

83,929

131,008

Depreciation

At 1 June 2022

16,196

14,987

31,183

Charge for the year

8,131

6,227

14,358

Eliminated on disposal

(16,000)

(14,900)

(30,900)

At 31 May 2023

8,327

6,314

14,641

Carrying amount

At 31 May 2023

38,752

77,615

116,367

At 31 May 2022

46,883

57,342

104,225

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100