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REGISTERED NUMBER: 02981271















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

The Afrika Trading Co. Limited

The Afrika Trading Co. Limited (Registered number: 02981271)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Afrika Trading Co. Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: G Williams





SECRETARY: Mrs D Williams





REGISTERED OFFICE: Unit 74
Mackley Industrial Estate
Henfield Road
Small Dole
W Sussex
BN5 9XR





REGISTERED NUMBER: 02981271





ACCOUNTANTS: Michael Finn & Co
Myrtle House
High Street
HENFIELD
West Sussex
BN5 9DA

The Afrika Trading Co. Limited (Registered number: 02981271)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,347 8,770

CURRENT ASSETS
Stocks 63,110 67,217
Debtors 5 52,881 31,115
Cash at bank 144,491 157,449
260,482 255,781
CREDITORS
Amounts falling due within one year 6 75,948 67,452
NET CURRENT ASSETS 184,534 188,329
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,881

197,099

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 193,581 196,799
SHAREHOLDERS' FUNDS 193,881 197,099

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 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.

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 19 November 2024 and were signed by:





G Williams - Director


The Afrika Trading Co. Limited (Registered number: 02981271)

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

1. STATUTORY INFORMATION

The Afrika Trading Co. Limited is a private company, limited by shares , registered in Not specified/Other. 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 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.
Plant and machinery - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

The Afrika Trading Co. Limited (Registered number: 02981271)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2023 43,773
Additions 2,914
At 30 June 2024 46,687
DEPRECIATION
At 1 July 2023 35,003
Charge for year 2,337
At 30 June 2024 37,340
NET BOOK VALUE
At 30 June 2024 9,347
At 30 June 2023 8,770

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 37,692 22,231
Prepayments & Other Debtors 15,189 8,884
52,881 31,115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other loans 60,000 60,000
Trade creditors 1,459 822
Tax 451 -
Other Taxes 7,604 4,504
Directors' current accounts 3,143 1,736
Accrued expenses 3,291 390
75,948 67,452