AFC PRESTIGE LIMITED

Company Registration Number:
11911750 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

AFC PRESTIGE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

AFC PRESTIGE LIMITED

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 628,273 563,887
Cost of sales: ( 161,921 ) ( 148,392 )
Gross profit(or loss): 466,352 415,495
Distribution costs: ( 42,928 ) ( 45,893 )
Administrative expenses: ( 33,721 ) ( 38,746 )
Other operating income: 41,928 36,282
Operating profit(or loss): 431,631 367,138
Interest receivable and similar income: 14,783 12,483
Interest payable and similar charges: ( 3,251 ) ( 5,473 )
Profit(or loss) before tax: 443,163 374,148
Tax: ( 91,824 ) ( 84,393 )
Profit(or loss) for the financial year: 351,339 289,755

AFC PRESTIGE LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 28,936 17,822
Tangible assets: 4 103,748 128,738
Investments: 5 389,264 250,000
Total fixed assets: 521,948 396,560
Current assets
Stocks: 6 44,829 38,921
Debtors: 7 13,784 10,892
Cash at bank and in hand: 89,303 91,094
Investments: 8 292,738 176,282
Total current assets: 440,654 317,189
Prepayments and accrued income: 32,292 28,938
Creditors: amounts falling due within one year: 9 ( 8,921 ) ( 6,721 )
Net current assets (liabilities): 464,025 339,406
Total assets less current liabilities: 985,973 735,966
Creditors: amounts falling due after more than one year: 10 ( 4,728 ) ( 2,718 )
Provision for liabilities: ( 200,000 ) ( 187,650 )
Accruals and deferred income: ( 12,829 ) ( 8,982 )
Total net assets (liabilities): 768,416 536,616
Capital and reserves
Called up share capital: 1 1
Share premium account: 340,054 178,291
Other reserves: 200,000 159,282
Profit and loss account: 228,361 199,042
Total Shareholders' funds: 768,416 536,616

The notes form part of these financial statements

AFC PRESTIGE LIMITED

Balance sheet statements

For the year ending 31 March 2023 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 4 December 2023
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 2023

  • 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 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 17 15

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2022 17,822 0 17,822
Additions 11,114 0 11,114
Disposals
Revaluations
Transfers
At 31 March 2023 28,936 0 28,936
Amortisation
At 1 April 2022 0 0 0
Charge for year
On disposals
Other adjustments
At 31 March 2023 0 0 0
Net book value
At 31 March 2023 28,936 0 28,936
At 31 March 2022 17,822 0 17,822

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 82,690 9,196 2,000 4,188 30,664 128,738
Additions
Disposals ( 24,990 ) ( 24,990 )
Revaluations
Transfers
At 31 March 2023 82,690 9,196 2,000 4,188 5,674 103,748
Depreciation
At 1 April 2022
Charge for year
On disposals
Other adjustments
At 31 March 2023
Net book value
At 31 March 2023 82,690 9,196 2,000 4,188 5,674 103,748
At 31 March 2022 82,690 9,196 2,000 4,188 30,664 128,738

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Fixed assets investments note

521948

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Stocks

2023 2022
£ £
Stocks 44,829 37,139
Payments on account 0 1,782
Total 44,829 38,921

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Debtors

2023 2022
£ £
Trade debtors 13,784 10,892
Total 13,784 10,892

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

8. Current assets investments note

440654

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

9. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 8,921 6,721
Total 8,921 6,721

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

2023 2022
£ £
Other creditors 4,728 2,718
Total 4,728 2,718