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REGISTERED NUMBER: NI679556 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

AF Mechanical Ltd

AF Mechanical Ltd (Registered number: NI679556)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AF Mechanical Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: TG Flynn





SECRETARY:





REGISTERED OFFICE: 2 Ardfern Way
Ardfern Avenue
Downpatrick
Co. Down
BT30 6TZ





REGISTERED NUMBER: NI679556 (Northern Ireland)





ACCOUNTANT: R Savage & Company
Accountants & Taxation Consultants
Old Bank House
2 Crossgar Road
Saintfield
Ballynahinch
Co. Down
BT24 7BD

AF Mechanical Ltd (Registered number: NI679556)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,752 12,190

CURRENT ASSETS
Debtors 5 134,227 80,469
Prepayments and accrued income 77,002 16,125
Cash at bank 117,723 63,881
328,952 160,475
CREDITORS
Amounts falling due within one year 6 79,463 37,402
NET CURRENT ASSETS 249,489 123,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,241

135,263

RESERVES
Retained earnings 259,241 135,263
259,241 135,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2024 and were signed by:





TG Flynn - Director


AF Mechanical Ltd (Registered number: NI679556)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

AF Mechanical Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

AF Mechanical Ltd (Registered number: NI679556)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 15,237
DEPRECIATION
At 1 June 2023 3,047
Charge for year 2,438
At 31 May 2024 5,485
NET BOOK VALUE
At 31 May 2024 9,752
At 31 May 2023 12,190

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 118,075 72,433
Other debtors 16,152 8,036
134,227 80,469

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 19,001 19,116
Taxation and social security 60,461 18,286
Other creditors 1 -
79,463 37,402