1 April 2022 false Taxfiler 2023.12 10416340business:PrivateLimitedCompanyLtd2022-04-012023-03-31 104163402022-03-31 104163402022-04-012023-03-31 10416340business:AuditExemptWithAccountantsReport2022-04-012023-03-31 10416340business:FilletedAccounts2022-04-012023-03-31 104163402023-03-31 10416340business:Director12022-04-012023-03-31 10416340business:Director22022-04-012023-03-31 10416340business:RegisteredOffice2022-04-012023-03-31 104163402022-03-31 10416340core:WithinOneYear2023-03-31 10416340core:WithinOneYear2022-03-31 10416340core:AfterOneYear2023-03-31 10416340core:AfterOneYear2022-03-31 10416340core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10416340core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 10416340core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10416340core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 10416340core:PreviouslyStatedAmount2023-03-31 10416340core:PreviouslyStatedAmount2022-03-31 10416340business:SmallEntities2022-04-012023-03-31 10416340countries:EnglandWales2022-04-012023-03-31 10416340core:LandBuildings2022-04-012023-03-31 10416340core:PlantMachinery2022-04-012023-03-31 10416340core:LandBuildings2022-03-31 10416340core:PlantMachinery2022-03-31 10416340core:LandBuildings2023-03-31 10416340core:PlantMachinery2023-03-31 10416340business:OrdinaryShareClass12022-04-012023-03-31 10416340business:OrdinaryShareClass12021-04-012022-03-31 104163402021-04-012022-03-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
A Family Group Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
428,403 
1,096 
Current assets
Debtors
- 
1,376 
Cash at bank and in hand
7,622 
- 
7,622 
1,376 
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)
Capital and reserves
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
- 4 -
A Family Group Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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.
Turnover
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 taxation
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.
- 5 -
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 
Depreciation
At 1 April 2022
- 
28,341 
28,341 
Charge for the year
- 
1,096 
1,096 
At 31 March 2023
- 
29,437 
29,437 
Net book value
At 31 March 2023
428,403 
- 
428,403 
At 31 March 2022
- 
1,096 
1,096 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,376 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
2,253 
Trade creditors
495 
- 
Amounts owed to group undertakings and other participating interests
- 
1,794 
Accruals
616 
563 
1,111 
4,610 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
387,478 
41,126 
Amounts owed to group undertakings and other participating interests
91,795 
- 
479,273 
41,126 
8
Share capital
2023 
2022 
£ 
£ 
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).
- 6 -