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REGISTERED NUMBER: 10732619 (England and Wales)














Financial Statements for the Year Ended 30 April 2024

for

Asfan Business Services Limited

Asfan Business Services Limited (Registered number: 10732619)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Asfan Business Services Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr A Khan





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 10732619 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Asfan Business Services Limited (Registered number: 10732619)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,956 6,355

CURRENT ASSETS
Debtors 5 11,232 12,904
Cash at bank 4,267 7,747
15,499 20,651
CREDITORS
Amounts falling due within one year 6 12,371 17,964
NET CURRENT ASSETS 3,128 2,687
TOTAL ASSETS LESS CURRENT LIABILITIES 9,084 9,042

CREDITORS
Amounts falling due after more than one
year

7

8,745

8,745
NET ASSETS 339 297

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 238 196
339 297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Asfan Business Services Limited (Registered number: 10732619)

Statement of Financial Position - continued
30 April 2024


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 1 July 2024 and were signed by:





Mr A Khan - Director


Asfan Business Services Limited (Registered number: 10732619)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Asfan Business Services 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
Revenue 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 200 10,325 10,525
Additions - 2,292 2,292
At 30 April 2024 200 12,617 12,817
DEPRECIATION
At 1 May 2023 30 4,140 4,170
Charge for year 26 2,665 2,691
At 30 April 2024 56 6,805 6,861
NET BOOK VALUE
At 30 April 2024 144 5,812 5,956
At 30 April 2023 170 6,185 6,355

Asfan Business Services Limited (Registered number: 10732619)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 11,232 3,450
Other debtors - 9,454
11,232 12,904

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 1,155 1,155
Trade creditors - 102
Taxation and social security 9,022 16,707
Other creditors 2,194 -
12,371 17,964

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 8,745 8,745

8. RELATED PARTY DISCLOSURES

The director Mr A Khan is considered to be key management personnel.