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REGISTERED NUMBER: 07918329 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

AFS BIOMASS LIMITED

AFS BIOMASS LIMITED (REGISTERED NUMBER: 07918329)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AFS BIOMASS LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr R Raymond
Mr I Robinson



REGISTERED OFFICE: 1 The Downs
Altrincham
Cheshire
WA14 2QD



REGISTERED NUMBER: 07918329 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: HSBC Plc
11 Stamford New Road
Altrincham
Cheshire
WA14 1BW

AFS BIOMASS LIMITED (REGISTERED NUMBER: 07918329)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 679 1,356

CURRENT ASSETS
Stocks 170,860 48,998
Debtors 5 712,700 138,125
Cash at bank and in hand 76,827 105,972
960,387 293,095
CREDITORS
Amounts falling due within one year 6 833,288 277,497
NET CURRENT ASSETS 127,099 15,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,778

16,954

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 127,578 16,754
SHAREHOLDERS' FUNDS 127,778 16,954

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 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.

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 29 October 2024 and were signed on its behalf by:





Mr R Raymond - Director


AFS BIOMASS LIMITED (REGISTERED NUMBER: 07918329)

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


1. STATUTORY INFORMATION

AFS Biomass 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
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initially recorded at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line
basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

AFS BIOMASS LIMITED (REGISTERED NUMBER: 07918329)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 1,454 1,221 4,906 7,581
DEPRECIATION
At 1 May 2023 953 909 4,363 6,225
Charge for year 125 78 474 677
At 30 April 2024 1,078 987 4,837 6,902
NET BOOK VALUE
At 30 April 2024 376 234 69 679
At 30 April 2023 501 312 543 1,356

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 692,843 96,443
Other debtors 19,857 41,682
712,700 138,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 200,646 79,040
Taxation and social security 109,624 19,050
Other creditors 523,018 179,407
833,288 277,497

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 28,100 -
Between one and five years 28,383 -
56,483 -

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company had made a loan to the directors of £9,767, The loan was interest free and was repaid after the balance sheet date.