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Registered Number: 08309620
England and Wales

 

 

 

AFAC ASSOCIATES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Report to the directors on the preparation of the unaudited statutory accounts of AFAC ASSOCIATES LTD for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AFAC ASSOCIATES LTD for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of AFAC ASSOCIATES LTD, as a body, in accordance with the terms of our engagement letter dated Our work has been undertaken solely to prepare for your approval the accounts of AFAC ASSOCIATES LTD and state those matters that we have agreed to state to the Board of Directors of AFAC ASSOCIATES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AFAC ASSOCIATES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that AFAC ASSOCIATES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AFAC ASSOCIATES LTD. You consider that AFAC ASSOCIATES LTD is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of AFAC ASSOCIATES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 November 2023



....................................................
ROSAM INVESTMENTS LTD
2 Fairfield Drive,
Broxbourne,
Hertfordshire
EN10 6DX
22 March 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 7,085    8,641 
7,085    8,641 
Current assets      
Cash at bank and in hand 782    1,070 
Creditors: amount falling due within one year 1    (1)
Net current assets 783    1,069 
 
Total assets less current liabilities 7,868    9,710 
Net assets 7,868    9,710 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 7,867    9,709 
Shareholder's funds 7,868    9,710 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 22 March 2024 and were signed by:


-------------------------------
Ayodele Folarin Coker
Director
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General Information
AFAC ASSOCIATES LTD is a private company, limited by shares, registered in England and Wales, registration number 08309620, registration address 46 Havengore Avenue, GRAVESEND, KENT, DA12 2JT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18 Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 December 2022 14,850    14,850 
Additions  
Disposals  
At 30 November 2023 14,850    14,850 
Depreciation
At 01 December 2022 6,209    6,209 
Charge for year 1,556    1,556 
On disposals  
At 30 November 2023 7,765    7,765 
Net book values
Closing balance as at 30 November 2023 7,085    7,085 
Opening balance as at 01 December 2022 8,641    8,641 


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