IRIS Accounts Production v24.1.9.2 04347898 director 1.1.23 31.12.23 31.12.23 6/8/2024 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043478982022-12-31043478982023-12-31043478982023-01-012023-12-31043478982021-12-31043478982022-01-012022-12-31043478982022-12-3104347898ns15:EnglandWales2023-01-012023-12-3104347898ns14:PoundSterling2023-01-012023-12-3104347898ns10:Director12023-01-012023-12-3104347898ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104347898ns10:SmallEntities2023-01-012023-12-3104347898ns10:Audited2023-01-012023-12-3104347898ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104347898ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104347898ns10:FullAccounts2023-01-012023-12-3104347898ns10:RegisteredOffice2023-01-012023-12-3104347898ns5:CurrentFinancialInstruments2023-12-3104347898ns5:CurrentFinancialInstruments2022-12-3104347898ns5:ShareCapital2023-12-3104347898ns5:ShareCapital2022-12-3104347898ns5:RetainedEarningsAccumulatedLosses2023-12-3104347898ns5:RetainedEarningsAccumulatedLosses2022-12-3104347898ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104347898ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 04347898 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AFFAS LTD

AFFAS LTD (REGISTERED NUMBER: 04347898)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AFFAS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M H Austin





REGISTERED OFFICE: Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ





REGISTERED NUMBER: 04347898 (England and Wales)





AUDITORS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Statutory Auditors
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

AFFAS LTD (REGISTERED NUMBER: 04347898)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
CURRENT ASSETS
Debtors 5 1,422 701
Cash at bank 3,170 4,049
4,592 4,750
CREDITORS
Amounts falling due within one year 6 1,188 1,385
NET CURRENT ASSETS 3,404 3,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,404

3,365

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,403 3,364
SHAREHOLDERS' FUNDS 3,404 3,365

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 director and authorised for issue on 6 August 2024 and were signed by:





M H Austin - Director


AFFAS LTD (REGISTERED NUMBER: 04347898)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Affas Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company.

The figures in the accounts have been rounded to the nearest Pound (£).

Going concern
The directors have assessed that the company has adequate resources to continue in operational existence for a minimum of 12 months from the date of signing the financial statements. This is on the basis that support will be provided by other group companies if necessary. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

Turnover
Turnover represents insurance premiums received net of insurance premium tax and underwriting costs. Income is recognised on the date of renewal or the date of commencement of the insurance policy, whichever is earlier. Provisions are made for appropriate potential clawback of commissions relating to cancelled policies.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation assets and liabilities are discounted at the Company's effective interest rate and recognised at the tax rates enacted or substantially enacted by the balance sheet date.

AFFAS LTD (REGISTERED NUMBER: 04347898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. EMPLOYEES AND DIRECTORS

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings 949 -
Other debtors 473 701
1,422 701

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed to group undertakings - 273
Other creditors 1,188 1,112
1,188 1,385

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sam Ede BFP FCA FCCA (Senior Statutory Auditor)
for and on behalf of Lewis Brownlee (Chichester) Limited

8. RELATED PARTY DISCLOSURES

The company settled accountancy costs for companies, limited by guarantee, who have directors in common with a parent company. During the year a total of £1,647 (2022 - £1,418) has been charged to the income statement relating to these costs.