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REGISTERED NUMBER: 07918329 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

AFS BIOMASS LIMITED

AFS BIOMASS LIMITED (REGISTERED NUMBER: 07918329)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AFS BIOMASS LIMITED

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr R Raymond
Mr I Robinson



REGISTERED OFFICE: 1 The Downs
Altrincham
Cheshire
WA14 2QD



REGISTERED NUMBER: 07918329 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: HSBC Plc
11 Stamford New Road
Altrincham
Cheshire
WA14 1BW

AFS BIOMASS LIMITED (REGISTERED NUMBER: 07918329)

Balance Sheet
30 April 2023

30.4.23 30.4.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,356 1,404

CURRENT ASSETS
Stocks 48,998 211,245
Debtors 5 138,125 347,620
Cash at bank and in hand 105,972 231,415
293,095 790,280
CREDITORS
Amounts falling due within one year 6 277,497 693,783
NET CURRENT ASSETS 15,598 96,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,954

97,901

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 16,754 97,701
SHAREHOLDERS' FUNDS 16,954 97,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





Mr I Robinson - Director


AFS BIOMASS LIMITED (REGISTERED NUMBER: 07918329)

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


1. STATUTORY INFORMATION

AFS Biomass 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initially recorded at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line
basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

AFS BIOMASS LIMITED (REGISTERED NUMBER: 07918329)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 1,454 1,221 4,305 6,980
Additions - - 601 601
At 30 April 2023 1,454 1,221 4,906 7,581
DEPRECIATION
At 1 May 2022 786 805 3,985 5,576
Charge for year 167 104 378 649
At 30 April 2023 953 909 4,363 6,225
NET BOOK VALUE
At 30 April 2023 501 312 543 1,356
At 30 April 2022 668 416 320 1,404

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
as restated
£    £   
Trade debtors 96,443 302,708
Other debtors 41,682 44,912
138,125 347,620

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
as restated
£    £   
Bank loans and overdrafts - 78,333
Trade creditors 79,040 109,747
Taxation and social security 19,050 109,249
Other creditors 179,407 396,454
277,497 693,783

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.23 30.4.22
as restated
£    £   
Within one year - 24,195

8. RELATED PARTY DISCLOSURES

At the balance sheet date the loan from the company, to the directors, had been repaid in full. (2022:£17,821 owed).