Registered number
10561609
A&N Affinity Limited
Filleted Accounts
29 January 2024
A&N Affinity Limited
Registered number: 10561609
Balance Sheet
as at 29 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,160 17,700
Current assets
Stocks 780 1,660
Debtors 4 1,853 7,553
Cash at bank and in hand 12,992 1,209
15,625 10,422
Creditors: amounts falling due within one year 5 (16,577) (13,639)
Net current liabilities (952) (3,217)
Total assets less current liabilities 13,208 14,483
Creditors: amounts falling due after more than one year 6 (11,578) (13,716)
Net assets 1,630 767
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,530 667
Shareholder's funds 1,630 767
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alecia Beckford
Director
Approved by the board on 2 October 2024
A&N Affinity Limited
Notes to the Accounts
for the year ended 29 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 30 January 2023 20,253 24,022 44,275
At 29 January 2024 20,253 24,022 44,275
Depreciation
At 30 January 2023 12,163 14,412 26,575
Charge for the year 1,618 1,922 3,540
At 29 January 2024 13,781 16,334 30,115
Net book value
At 29 January 2024 6,472 7,688 14,160
At 29 January 2023 8,090 9,610 17,700
4 Debtors 2024 2023
£ £
Other debtors 1,853 7,553
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,138 2,138
Taxation and social security costs 103 10,838
Other creditors 14,336 663
16,577 13,639
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans (BBL) 11,578 13,716
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Alecia Beckford
[Loan 1] 5,700 - (5,700) -
5,700 - (5,700) -
8 Controlling party
The company was in both the current and preceding accounting periods under the ultimate control of its director by virtue of her ownership of the company’s entire issued share capital.
9 Other information
A&N Affinity Limited is a private company limited by shares and incorporated in England. Its registered office is:
155a West Green Road
London
N15 5EA
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