Company Registration No. 10416340 (England and Wales)
A Family Group Limited
Filleted accounts
for the year ended 31 March 2023
A Family Group Limited
Filleted accounts
Contents
A Family Group Limited
Company Information
for the year ended 31 March 2023
Directors
Harshad Thakor
Kiran Thakor
Company Number
10416340 (England and Wales)
Registered Office
45 Queens Road
Leicester
LE2 1WQ
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
A Family Group Limited
Statement of financial position
as at 31 March 2023
Tangible assets
428,403
1,096
Cash at bank and in hand
7,622
-
Creditors: amounts falling due within one year
(1,111)
(4,610)
Net current assets/(liabilities)
6,511
(3,234)
Total assets less current liabilities
434,914
(2,138)
Creditors: amounts falling due after more than one year
(479,273)
(41,126)
Net liabilities
(44,359)
(43,264)
Called up share capital
100
100
Profit and loss account
(44,459)
(43,364)
Shareholders' funds
(44,359)
(43,264)
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by
Harshad Thakor
Director
Company Registration No. 10416340
A Family Group Limited
Notes to the Accounts
for the year ended 31 March 2023
A Family Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10416340. The registered office is 45 Queens Road, Leicester, LE2 1WQ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not Depreciated
Plant & machinery
25% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
A Family Group Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2022
-
29,437
29,437
Additions
428,403
-
428,403
At 31 March 2023
428,403
29,437
457,840
At 1 April 2022
-
28,341
28,341
Charge for the year
-
1,096
1,096
At 31 March 2023
-
29,437
29,437
At 31 March 2023
428,403
-
428,403
At 31 March 2022
-
1,096
1,096
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
2,253
Amounts owed to group undertakings and other participating interests
-
1,794
7
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
91,795
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).