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REGISTERED NUMBER: 04211319 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Anti-Friction Technology Limited

Anti-Friction Technology Limited (Registered number: 04211319)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Anti-Friction Technology Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: A T Ralph
Mrs S J Ralph





REGISTERED OFFICE: 45 Barleyfields Avenue
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 8FL





REGISTERED NUMBER: 04211319 (England and Wales)





ACCOUNTANTS: ADM Accountancy Services Ltd
Homelands Commercial Centre
Vale Road
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 8PX

Anti-Friction Technology Limited (Registered number: 04211319)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,497 2,446

CURRENT ASSETS
Debtors 5 12,845 16,659
Prepayments and accrued income 6,195 -
Cash at bank 92,477 100,888
111,517 117,547
CREDITORS
Amounts falling due within one year 6 17,681 20,834
NET CURRENT ASSETS 93,836 96,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,333

99,159

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 97,323 99,149
SHAREHOLDERS' FUNDS 97,333 99,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Anti-Friction Technology Limited (Registered number: 04211319)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





A T Ralph - Director


Anti-Friction Technology Limited (Registered number: 04211319)

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

1. STATUTORY INFORMATION

Anti-Friction Technology Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 19,578
Additions 2,123
At 31 May 2023 21,701
DEPRECIATION
At 1 June 2022 17,132
Charge for year 1,072
At 31 May 2023 18,204
NET BOOK VALUE
At 31 May 2023 3,497
At 31 May 2022 2,446

Anti-Friction Technology Limited (Registered number: 04211319)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 11,218 13,282
Other debtors 1,627 3,377
12,845 16,659

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors (196 ) (11 )
Taxation and social security 15,142 17,255
Other creditors 2,735 3,590
17,681 20,834

7. CAPITAL COMMITMENTS
31.5.23 31.5.22
£    £   
Contracted but not provided for in the
financial statements - 10,351

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
A T Ralph
Balance outstanding at start of year (311 ) (4 )
Amounts advanced 12,948 5
Amounts repaid (12,640 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3 ) (311 )

9. CONTROLLING PARTY

The controlling party is A T Ralph.

The company is controlled by Mr A Ralph, whom, together with his wife, owns 100% of the issued share capital.