Registered number
07218036
Afx Audio Visual Services Limited
Report and Accounts
30 April 2024
Afx Audio Visual Services Limited
Company Information
Directors
T J Goodwin
Mrs T A Goodwin
D P Goodwin
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Unit A
Churchill Industrial Estate
Churchill Road
Cheltenham
Glos
Registered number
07218036
Afx Audio Visual Services Limited
Registered number: 07218036
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 38,290 76,580
Tangible assets 4 6,275 12,410
44,565 88,990
Current assets
Debtors 5 110,910 102,697
Cash at bank and in hand 30,990 60,837
141,900 163,534
Creditors: amounts falling due within one year 6 (34,036) (31,630)
Net current assets 107,864 131,904
Total assets less current liabilities 152,429 220,894
Creditors: amounts falling due after more than one year 7 (115,841) (163,682)
Net assets 36,588 57,212
Capital and reserves
Called up share capital 100 100
Profit and loss account 36,488 57,112
Shareholders' funds 36,588 57,212
The directors are 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 directors acknowledge their 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 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.
T J Goodwin
Director
Approved by the board on 30 November 2024
Afx Audio Visual Services Limited
Notes to the Accounts
for the year ended 30 April 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.
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 25% straight line
Fixtures and fittings 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 382,900
At 30 April 2024 382,900
Amortisation
At 1 May 2023 306,320
Provided during the year 38,290
At 30 April 2024 344,610
Net book value
At 30 April 2024 38,290
At 30 April 2023 76,580
Goodwill is being written off in equal annual instalments over its estimated economic life of ten years.
4 Tangible fixed assets
Computer equipment Fixtures and fittings Total
£ £ £
Cost
At 1 May 2023 78,300 25,480 103,780
At 30 April 2024 78,300 25,480 103,780
Depreciation
At 1 May 2023 65,890 25,480 91,370
Charge for the year 6,135 - 6,135
At 30 April 2024 72,025 25,480 97,505
Net book value
At 30 April 2024 6,275 - 6,275
At 30 April 2023 12,410 - 12,410
5 Debtors 2024 2023
£ £
Trade debtors 110,910 102,697
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other taxes and social security costs 29,266 29,130
Other creditors 4,770 2,500
34,036 31,630
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,015 33,896
Directors loans 91,826 129,786
115,841 163,682
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 29,991 31,521
9 Controlling party
The company is controlled by Mr T J Goodwin and Mrs T A Goodwin.
10 Other information
Afx Audio Visual Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit A
Churchill Industrial Estate
Churchill Road
Cheltenham
Glos
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