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REGISTERED NUMBER: 06486856 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Alfafado Limited

Alfafado Limited (Registered number: 06486856)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alfafado Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr J Lupton





REGISTERED OFFICE: Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG





REGISTERED NUMBER: 06486856 (England and Wales)





ACCOUNTANTS: Abraham Accountants
Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG

Alfafado Limited (Registered number: 06486856)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 302,368 273,654

CURRENT ASSETS
Stocks 825,500 738,165
Debtors 5 18,736 12,589
Cash at bank and in hand 3,477 1,825
847,713 752,579
CREDITORS
Amounts falling due within one year 6 (512,003 ) (355,023 )
NET CURRENT ASSETS 335,710 397,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

638,078

671,210

CREDITORS
Amounts falling due after more than
one year

7

(172,598

)

(211,524

)

PROVISIONS FOR LIABILITIES 8 (57,450 ) (51,994 )
NET ASSETS 408,030 407,692

Alfafado Limited (Registered number: 06486856)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 407,030 406,692
SHAREHOLDERS' FUNDS 408,030 407,692

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 21 August 2024 and were signed by:





Mr J Lupton - Director


Alfafado Limited (Registered number: 06486856)

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

1. STATUTORY INFORMATION

Alfafado 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 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Alfafado Limited (Registered number: 06486856)

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

2. ACCOUNTING POLICIES - continued
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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 - 525,971 525,971
Additions 70,125 - 70,125
At 31 December 2023 70,125 525,971 596,096
DEPRECIATION
At 1 January 2023 - 252,317 252,317
Charge for year 14,025 27,386 41,411
At 31 December 2023 14,025 279,703 293,728
NET BOOK VALUE
At 31 December 2023 56,100 246,268 302,368
At 31 December 2022 - 273,654 273,654

Alfafado Limited (Registered number: 06486856)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 18,736 12,589

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,342 -
Trade creditors 291,214 214,151
Taxation and social security 43,983 86,533
Other creditors 126,464 54,339
512,003 355,023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Bank loans 23,186 33,671
Hire purchase contracts 149,412 177,853
172,598 211,524

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 57,450 51,994

Deferred
tax
£   
Balance at 1 January 2023 51,994
Utilised during year 5,456
Balance at 31 December 2023 57,450

Alfafado Limited (Registered number: 06486856)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr J Lupton
Balance outstanding at start of year 54,339 54,339
Amounts advanced 70,125 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 124,464 54,339

Director's loan account is repayable on demand