AFC PRESTIGE LIMITED

Company Registration Number:
11911750 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2022

Period of accounts

Start date: 1 April 2021

End date: 31 March 2022

AFC PRESTIGE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

AFC PRESTIGE LIMITED

Profit And Loss Account

for the Period Ended 31 March 2022

2022 2021


£

£
Turnover: 563,887 448,731
Cost of sales: ( 148,392 ) ( 163,729 )
Gross profit(or loss): 415,495 285,002
Distribution costs: ( 45,893 ) ( 43,072 )
Administrative expenses: ( 38,746 ) ( 34,093 )
Other operating income: 36,282 28,721
Operating profit(or loss): 367,138 236,558
Interest receivable and similar income: 12,483 8,193
Interest payable and similar charges: ( 5,473 ) ( 6,749 )
Profit(or loss) before tax: 374,148 238,002
Tax: ( 84,393 ) ( 76,746 )
Profit(or loss) for the financial year: 289,755 161,256

AFC PRESTIGE LIMITED

Balance sheet

As at 31 March 2022

Notes 2022 2021


£

£
Called up share capital not paid: 0 1
Fixed assets
Intangible assets: 3 17,822 27,639
Tangible assets: 4 128,738 46,048
Investments: 5 250,000 81,394
Total fixed assets: 396,560 155,081
Current assets
Stocks: 6 38,921 42,448
Debtors: 7 10,892 14,271
Cash at bank and in hand: 91,094 63,093
Investments: 8 176,282 76,392
Total current assets: 317,189 196,204
Prepayments and accrued income: 28,938 39,664
Creditors: amounts falling due within one year: 9 ( 6,721 ) ( 4,398 )
Net current assets (liabilities): 339,406 231,470
Total assets less current liabilities: 735,966 386,552
Creditors: amounts falling due after more than one year: 10 ( 2,718 ) ( 7,639 )
Provision for liabilities: ( 187,650 ) ( 9,874 )
Accruals and deferred income: ( 8,982 ) ( 11,093 )
Total net assets (liabilities): 536,616 357,946
Capital and reserves
Called up share capital: 1 1
Share premium account: 178,291 96,159
Other reserves: 159,282 103,836
Profit and loss account: 199,042 157,950
Total Shareholders' funds: 536,616 357,946

The notes form part of these financial statements

AFC PRESTIGE LIMITED

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 21 December 2022
and signed on behalf of the board by:

Name: S Krol
Status: Director

The notes form part of these financial statements

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 15 14

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2021 27,639 0 27,639
Additions
Disposals ( 9,817 ) ( 9,817 )
Revaluations
Transfers
At 31 March 2022 17,822 0 17,822
Amortisation
At 1 April 2021 0 0 0
Charge for year
On disposals
Other adjustments
At 31 March 2022 0 0 0
Net book value
At 31 March 2022 17,822 0 17,822
At 31 March 2021 27,639 0 27,639

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2021 0 9,196 2,000 4,188 30,664 46,048
Additions 82,690 82,690
Disposals
Revaluations
Transfers
At 31 March 2022 82,690 9,196 2,000 4,188 30,664 128,738
Depreciation
At 1 April 2021
Charge for year
On disposals
Other adjustments
At 31 March 2022
Net book value
At 31 March 2022 82,690 9,196 2,000 4,188 30,664 128,738
At 31 March 2021 0 9,196 2,000 4,188 30,664 46,048

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Fixed assets investments note

317189

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Stocks

2022 2021
£ £
Stocks 37,139 42,448
Payments on account 1,782
Total 38,921 42,448

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

7. Debtors

2022 2021
£ £
Trade debtors 10,892 14,271
Total 10,892 14,271

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

8. Current assets investments note

317189

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

9. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 6,721 4,398
Total 6,721 4,398

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

10. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Other creditors 2,718 7,639
Total 2,718 7,639