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Registration number: 05791644

Affinia Partnerships Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

Affinia Partnerships Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Affinia Partnerships Limited

(Registration number: 05791644)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,617

2,829

Current assets

 

Debtors

5

10,884

38,410

Cash at bank and in hand

 

40,955

23,482

 

51,839

61,892

Creditors: Amounts falling due within one year

6

(38,701)

(53,285)

Net current assets

 

13,138

8,607

Net assets

 

15,755

11,436

Capital and reserves

 

Called up share capital

7

390

390

Retained earnings

15,365

11,046

Shareholders' funds

 

15,755

11,436

For the financial year ending 30 April 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 his 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.

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 17 January 2024
 

.........................................
T P Waterlow
Director

 

Affinia Partnerships Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

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

The address of its registered office is:
The Mill Offices
Cowmills
Chipping Sodbury
BS37 6PJ
England

These financial statements were authorised for issue by the director on 17 January 2024.

2

Accounting policies

Statement of compliance

These 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 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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

 

Affinia Partnerships Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 (continued)

2

Accounting policies (continued)

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

Office Furniture

15% Reducing Balance

Computer Equipment

33% Straight Line

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Affinia Partnerships Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 (continued)

4

Tangible assets

Office furniture
£

Computer equipment
£

Total
£

Cost or valuation

At 1 May 2022

3,591

34,158

37,749

Additions

-

1,809

1,809

At 30 April 2023

3,591

35,967

39,558

Depreciation

At 1 May 2022

2,677

32,243

34,920

Charge for the year

137

1,884

2,021

At 30 April 2023

2,814

34,127

36,941

Carrying amount

At 30 April 2023

777

1,840

2,617

At 30 April 2022

914

1,915

2,829

5

Debtors

2023
£

2022
£

Prepayments

1,187

1,233

Other debtors

9,697

37,177

10,884

38,410

 

Affinia Partnerships Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

961

-

Taxation and social security

19,560

14,275

Accruals and deferred income

2,996

6,292

Other creditors

15,184

32,718

38,701

53,285

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

390

390

390

390

         

8

Parent and ultimate parent undertaking

The ultimate parent is Affinia Holdings Limited, incorporated in England and Wales.