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REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AFFINITY IT SERVICES LIMITED

AFFINITY IT SERVICES LIMITED (REGISTERED NUMBER: 05760178)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

AFFINITY IT SERVICES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: C M Beaumont
S Beaumont





REGISTERED OFFICE: Unit 24 President Buildings
Saville Street East
Sheffield
S4 7UQ





REGISTERED NUMBER: 05760178 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

AFFINITY IT SERVICES LIMITED (REGISTERED NUMBER: 05760178)

REPORT OF THE DIRECTORS
for the year ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of supply and maintenance of computer and communications systems.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

C M Beaumont
S Beaumont

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C M Beaumont - Director


29 November 2024

AFFINITY IT SERVICES LIMITED (REGISTERED NUMBER: 05760178)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 8,835 13,151

CURRENT ASSETS
Stocks 37,410 45,485
Debtors 6 150,317 184,453
Cash at bank and in hand 264,161 200,745
451,888 430,683
CREDITORS
Amounts falling due within one year 7 185,018 195,805
NET CURRENT ASSETS 266,870 234,878
TOTAL ASSETS LESS CURRENT LIABILITIES 275,705 248,029

CREDITORS
Amounts falling due after more than one year 8 (41,667 ) (61,667 )

PROVISIONS FOR LIABILITIES (1,679 ) (2,499 )
NET ASSETS 232,359 183,863

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 231,359 182,863
232,359 183,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 November 2024 and were signed on its behalf by:



C M Beaumont - Director


AFFINITY IT SERVICES LIMITED (REGISTERED NUMBER: 05760178)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Affinity IT Services 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.

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.

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 Statement of Income and Retained Earnings, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

AFFINITY IT SERVICES LIMITED (REGISTERED NUMBER: 05760178)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 12,753 26,491 37,119 76,363
Additions - 486 821 1,307
At 31 March 2024 12,753 26,977 37,940 77,670
DEPRECIATION
At 1 April 2023 12,753 21,605 28,854 63,212
Charge for year - 772 4,851 5,623
At 31 March 2024 12,753 22,377 33,705 68,835
NET BOOK VALUE
At 31 March 2024 - 4,600 4,235 8,835
At 31 March 2023 - 4,886 8,265 13,151

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 106,196 171,997
Other debtors 2,371 3,369
Tax 32,607 -
Prepayments 9,143 9,087
150,317 184,453

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 21,667 20,000
Trade creditors 104,557 85,564
Tax 5,238 3,943
Social security and other taxes 9,482 9,887
VAT 24,317 33,549
Other creditors 959 1,178
Directors' current accounts 14,409 17,326
Accruals and deferred income 4,389 24,358
185,018 195,805

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 26,667 46,667
Other loans - 2-5 years 15,000 15,000
41,667 61,667

AFFINITY IT SERVICES LIMITED (REGISTERED NUMBER: 05760178)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 48,334 66,667

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AFFINITY IT SERVICES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Affinity IT Services Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Affinity IT Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Affinity IT Services Limited and state those matters that we have agreed to state to the Board of Directors of Affinity IT Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Affinity IT Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Affinity IT Services Limited. You consider that Affinity IT Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Affinity IT Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


Date: .............................................