AFS PASSIVE SYSTEMS LTD

Company Registration Number:
NI651578 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

AFS PASSIVE SYSTEMS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

AFS PASSIVE SYSTEMS LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 39,547 51,265
Total fixed assets: 39,547 51,265
Current assets
Stocks: 307,650 318,966
Debtors:   107,580 108,256
Cash at bank and in hand: 2,687 2,497
Total current assets: 417,917 429,719
Creditors: amounts falling due within one year:   (120,933) (181,503)
Net current assets (liabilities): 296,984 248,216
Total assets less current liabilities: 336,531 299,481
Creditors: amounts falling due after more than one year:   (74,702) (67,525)
Provision for liabilities: 0 0
Total net assets (liabilities): 261,829 231,956
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 261,729 231,856
Shareholders funds: 261,829 231,956

The notes form part of these financial statements

AFS PASSIVE SYSTEMS LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 December 2024
and signed on behalf of the board by:

Name: Nathan Thompson
Status: Director

The notes form part of these financial statements

AFS PASSIVE SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

AFS PASSIVE SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 18 17

AFS PASSIVE SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 71,502
Additions 471
At 31 March 2024 71,973
Depreciation
At 01 April 2023 20,237
Charge for year 12,189
At 31 March 2024 32,426
Net book value
At 31 March 2024 39,547
At 31 March 2023 51,265