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REGISTERED NUMBER: 04033792 (England and Wales)















Financial Statements

for the Year Ended 30 June 2024

for

Africa Collection UK Limited

Africa Collection UK Limited (Registered number: 04033792)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Africa Collection UK Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C C Fortescue
J P Westrip





SECRETARY: L Westrip





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 04033792 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Africa Collection UK Limited (Registered number: 04033792)

Statement of Financial Position
30 June 2024

30/6/24 30/6/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 11,480 5,313
Investments 6 6 6
11,486 5,319

CURRENT ASSETS
Debtors 7 191,745 161,738
Cash at bank 1,720,140 1,574,563
1,911,885 1,736,301
CREDITORS
Amounts falling due within one year 8 (1,099,532 ) (1,221,393 )
NET CURRENT ASSETS 812,353 514,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

823,839

520,227

CAPITAL AND RESERVES
Called up share capital 40,300 40,300
Retained earnings 783,539 479,927
SHAREHOLDERS' FUNDS 823,839 520,227

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Africa Collection UK Limited (Registered number: 04033792)

Statement of Financial Position - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





J P Westrip - Director


Africa Collection UK Limited (Registered number: 04033792)

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

1. STATUTORY INFORMATION

Africa Collection UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue and turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the sales value of travel arrangements and other related services due to have been settled in full during the period with adjustment made for travel arrangements subsequently cancelled.

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 - 25% on reducing balance
Office equipment - 25% on reducing balance

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Foreign exchange forward contracts
Foreign exchange forward contracts are initially measured at fair value on the date a forward contract is entered into and subsequently re-measured to fair value, at each reporting date. Fair value gains and losses are recognised in profit and loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

Africa Collection UK Limited (Registered number: 04033792)

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

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Office
fittings equipment Totals
£    £    £   
Cost
At 1 July 2023 5,345 6,547 11,892
Additions 4,040 5,780 9,820
Disposals (2,323 ) (1,558 ) (3,881 )
At 30 June 2024 7,062 10,769 17,831
Depreciation
At 1 July 2023 3,215 3,364 6,579
Charge for year 1,005 1,986 2,991
Eliminated on disposal (2,002 ) (1,217 ) (3,219 )
At 30 June 2024 2,218 4,133 6,351
Net book value
At 30 June 2024 4,844 6,636 11,480
At 30 June 2023 2,130 3,183 5,313

6. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost
At 1 July 2023
and 30 June 2024 6
Net book value
At 30 June 2024 6
At 30 June 2023 6

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 109,526 93,046
Other debtors 82,219 68,692
191,745 161,738

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 877,335 1,036,881
Taxation and social security 181,891 116,615
Other creditors 40,306 67,897
1,099,532 1,221,393

Africa Collection UK Limited (Registered number: 04033792)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/6/24 30/6/23
£    £   
Within one year 19,490 19,490
Between one and five years 53,598 73,088
73,088 92,578

The company had no other guarantees or financial commitments at the balance sheet date (2023: £Nil).