Registered number
11833235
Africa Brooke International Ltd
Unaudited Filleted Accounts
29 February 2024
Africa Brooke International Ltd
Registered number: 11833235
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,958 4,317
Current assets
Debtors 4 35,394 21,665
Cash at bank and in hand 5,530 21,244
40,924 42,909
Creditors: amounts falling due within one year 5 (41,347) (41,834)
Net current (liabilities)/assets (423) 1,075
Total assets less current liabilities 2,535 5,392
Creditors: amounts falling due after more than one year 6 (2,500) (5,357)
Net assets 35 35
Capital and reserves
Called up share capital 1 1
Profit and loss account 34 34
Shareholders' funds 35 35
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Faith Rufaro Garande
Director
Approved by the board on 7 November 2024
Africa Brooke International Ltd
Notes to the Accounts
for the year ended 29 February 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33.33% straight line
Fixtures, fittings, tools and equipment 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 6,853
Additions 380
At 29 February 2024 7,233
Depreciation
At 1 March 2023 2,536
Charge for the year 1,739
At 29 February 2024 4,275
Net book value
At 29 February 2024 2,958
At 28 February 2023 4,317
4 Debtors 2024 2023
£ £
Other debtors 35,394 21,665
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,190 18,846
Trade creditors - 788
Taxation and social security costs 34,157 22,198
Other creditors - 2
41,347 41,834
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,500 5,357
7 Call up Share Capital
No of shares £
Allotted, issued and fully paid :
Ordinary shares of par value of @ £1 each
At 1 March 2023 1 1
Share issued in year - -
At 29 February 2024 1 1
8 Key management personnel
As of 29 February 2024, it has been identified that Mr Faith Rufaro Garande, a director of the company, has an outstanding loan balance with the company totaling £21,710. This loan was provided to the director unsecured remains unpaid as of the reporting date with the nominal rate of interest being charged.
9 Other information
Africa Brooke International Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10 Darwin Drive
Southall
United Kingdom
UB1 3JX
Africa Brooke International Ltd 11833235 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts April 2024 Faith Rufaro Garande No description of principal activity 11833235 2022-03-01 2023-02-28 11833235 core:WithinOneYear 2023-02-28 11833235 core:AfterOneYear 2023-02-28 11833235 core:ShareCapital 2023-02-28 11833235 core:RetainedEarningsAccumulatedLosses 2023-02-28 11833235 2023-03-01 2024-02-29 11833235 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11833235 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11833235 bus:Director40 2023-03-01 2024-02-29 11833235 1 2023-03-01 2024-02-29 11833235 2 2023-03-01 2024-02-29 11833235 core:PlantMachinery 2023-03-01 2024-02-29 11833235 countries:England 2023-03-01 2024-02-29 11833235 bus:FRS102 2023-03-01 2024-02-29 11833235 bus:FilletedAccounts 2023-03-01 2024-02-29 11833235 2024-02-29 11833235 core:WithinOneYear 2024-02-29 11833235 core:AfterOneYear 2024-02-29 11833235 core:ShareCapital 2024-02-29 11833235 core:RetainedEarningsAccumulatedLosses 2024-02-29 11833235 core:PlantMachinery 2024-02-29 11833235 2023-02-28 11833235 core:PlantMachinery 2023-02-28 iso4217:GBP xbrli:pure