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AFFORDABLE FINANCE (SOUTH) LIMITED

Registered Number
SC442212
(Scotland)

Unaudited Financial Statements for the Period ended
28 February 2024

AFFORDABLE FINANCE (SOUTH) LIMITED
Company Information
for the period from 1 March 2023 to 28 February 2024

Directors

CORDINER, Ian
CRAWFORD, David Thomas

Registered Address

19 Cuillins Road
Rutherglen
Glasgow
G73 5LF

Registered Number

SC442212 (Scotland)
AFFORDABLE FINANCE (SOUTH) LIMITED
Statement of Financial Position
28 February 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors58,332100,064
Cash at bank and on hand21,838-
80,170100,064
Creditors amounts falling due within one year3(23,348)(24,374)
Net current assets (liabilities)56,82275,690
Total assets less current liabilities56,82275,690
Creditors amounts falling due after one year4(38,980)(43,757)
Net assets17,84231,933
Capital and reserves
Called up share capital101102
Profit and loss account17,74131,831
Shareholders' funds17,84231,933
The financial statements were approved and authorised for issue by the Board of Directors on 19 September 2024, and are signed on its behalf by:
CRAWFORD, David Thomas
Director
Registered Company No. SC442212
AFFORDABLE FINANCE (SOUTH) LIMITED
Notes to the Financial Statements
for the period ended 28 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20242023
Average number of employees during the year22
3.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables40-
Bank borrowings and overdrafts20,80120,710
Taxation and social security2,5073,664
Total23,34824,374
4.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts38,98043,757
Total38,98043,757