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Company Registration No. 05760844 (England and Wales)
Afia Consulting Limited Unaudited accounts for the year ended 31 December 2023
Afia Consulting Limited Unaudited accounts Contents
Page
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Afia Consulting Limited Company Information for the year ended 31 December 2023
Directors
Ben Afia Jane Hannington
Secretary
Jane Hannington
Company Number
05760844 (England and Wales)
Registered Office
Suite 8 57 High Street Ibstock Leicestershire LE67 6LH
Accountants
Lilley & Co (UK) Limited Suite 8 57 High Street Ibstock Leicestershire LE67 6LH
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Afia Consulting Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,583 
45,764 
Current assets
Debtors
10,393 
12,515 
Cash at bank and in hand
49,965 
40,182 
60,358 
52,697 
Creditors: amounts falling due within one year
(60,603)
(51,289)
Net current (liabilities)/assets
(245)
1,408 
Total assets less current liabilities
30,338 
47,172 
Creditors: amounts falling due after more than one year
(19,166)
(25,000)
Provisions for liabilities
Deferred tax
(5,811)
(8,695)
Net assets
5,361 
13,477 
Capital and reserves
Called up share capital
110 
110 
Profit and loss account
5,251 
13,367 
Shareholders' funds
5,361 
13,477 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
Ben Afia Director Company Registration No. 05760844
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Afia Consulting Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Afia Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 05760844. The registered office is Suite 8, 57 High Street, Ibstock, Leicestershire, LE67 6LH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
20% straight line / 20% reducing balance
Computer equipment
33% straight line / 50% straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Afia Consulting Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
54,412 
43,976 
31,361 
129,749 
Additions
- 
239 
2,202 
2,441 
Disposals
(592)
- 
(8,008)
(8,600)
At 31 December 2023
53,820 
44,215 
25,555 
123,590 
Depreciation
At 1 January 2023
13,860 
40,924 
29,201 
83,985 
Charge for the year
13,268 
1,562 
2,792 
17,622 
On disposals
(592)
- 
(8,008)
(8,600)
At 31 December 2023
26,536 
42,486 
23,985 
93,007 
Net book value
At 31 December 2023
27,284 
1,729 
1,570 
30,583 
At 31 December 2022
40,552 
3,052 
2,160 
45,764 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,844 
- 
Trade debtors
5,922 
11,250 
Accrued income and prepayments
1,443 
1,265 
Other debtors
184 
- 
10,393 
12,515 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Taxes and social security
8,908 
15,257 
Loans from directors
9,960 
4,753 
Accruals
4,535 
1,279 
Deferred income
27,200 
20,000 
60,603 
51,289 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,166 
25,000 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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