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REGISTERED NUMBER: 04211319 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Anti-Friction Technology Limited

Anti-Friction Technology Limited (Registered number: 04211319)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Anti-Friction Technology Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A T Ralph
Mrs S J Ralph





REGISTERED OFFICE: 45 Barleyfields Avenue
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 8FL





REGISTERED NUMBER: 04211319 (England and Wales)





ACCOUNTANTS: ADM Accountancy Services Ltd
Homelands Commercial Centre
Vale Road
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 8PX

Anti-Friction Technology Limited (Registered number: 04211319)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,081 3,497

CURRENT ASSETS
Debtors 5 21,937 12,845
Prepayments and accrued income - 6,195
Cash at bank 55,134 92,477
77,071 111,517
CREDITORS
Amounts falling due within one year 6 7,598 17,681
NET CURRENT ASSETS 69,473 93,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,554

97,333

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 72,544 97,323
SHAREHOLDERS' FUNDS 72,554 97,333

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2025 and were signed on its behalf by:





A T Ralph - Director


Anti-Friction Technology Limited (Registered number: 04211319)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Anti-Friction Technology 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.

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 etc - 25% on cost and 20% on cost

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 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 21,701
Additions 666
At 31 May 2024 22,367
DEPRECIATION
At 1 June 2023 18,204
Charge for year 1,082
At 31 May 2024 19,286
NET BOOK VALUE
At 31 May 2024 3,081
At 31 May 2023 3,497

Anti-Friction Technology Limited (Registered number: 04211319)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 19,486 11,218
Other debtors 2,451 1,627
21,937 12,845

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 5,237 (196 )
Taxation and social security 1,870 15,142
Other creditors 491 2,735
7,598 17,681

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
A T Ralph
Balance outstanding at start of year (3 ) (311 )
Amounts advanced 4,628 12,948
Amounts repaid (4,628 ) (12,640 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3 ) (3 )

8. CONTROLLING PARTY

The controlling party is A T Ralph.

The company is controlled by Mr A Ralph, whom, together with his wife, owns 100% of the issued share capital.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Anti-Friction Technology 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 Anti-Friction Technology Limited for the year ended 31 May 2024 which comprise the Income Statement, 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of Anti-Friction Technology 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 Anti-Friction Technology Limited and state those matters that we have agreed to state to the Board of Directors of Anti-Friction Technology Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. 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 Anti-Friction Technology 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 Anti-Friction Technology Limited. You consider that Anti-Friction Technology 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 Anti-Friction Technology 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.






ADM Accountancy Services Ltd
Homelands Commercial Centre
Vale Road
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 8PX


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