AFC PRESTIGE LIMITED

Company Registration Number:
11911750 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

AFC PRESTIGE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

AFC PRESTIGE LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 976,382 628,273
Cost of sales: ( 238,276 ) ( 161,921 )
Gross profit(or loss): 738,106 466,352
Distribution costs: ( 34,178 ) ( 42,928 )
Administrative expenses: ( 42,378 ) ( 33,721 )
Other operating income: 55,483 41,928
Operating profit(or loss): 717,033 431,631
Interest receivable and similar income: 12,786 14,783
Interest payable and similar charges: ( 1,087 ) ( 3,251 )
Profit(or loss) before tax: 728,732 443,163
Tax: ( 64,588 ) ( 91,824 )
Profit(or loss) for the financial year: 664,144 351,339

AFC PRESTIGE LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 14,789 28,936
Tangible assets: 4 458,678 103,748
Investments: 5 495,000 389,264
Total fixed assets: 968,467 521,948
Current assets
Stocks: 6 38,976 44,829
Debtors: 7 896 13,784
Cash at bank and in hand: 107,631 89,303
Investments: 8 300,000 292,738
Total current assets: 447,503 440,654
Prepayments and accrued income: 67,378 32,292
Creditors: amounts falling due within one year: 9 ( 1,956 ) ( 8,921 )
Net current assets (liabilities): 512,925 464,025
Total assets less current liabilities: 1,481,392 985,973
Creditors: amounts falling due after more than one year: 10 ( 2,389 ) ( 4,728 )
Provision for liabilities: ( 350,000 ) ( 200,000 )
Accruals and deferred income: ( 8,987 ) ( 12,829 )
Total net assets (liabilities): 1,120,016 768,416
Capital and reserves
Called up share capital: 1 1
Share premium account: 400,000 340,054
Other reserves: 385,000 200,000
Profit and loss account: 335,015 228,361
Total Shareholders' funds: 1,120,016 768,416

The notes form part of these financial statements

AFC PRESTIGE LIMITED

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.

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

This report was approved by the board of directors on 22 January 2025
and signed on behalf of the board by:

Name: S Krol
Status: Director

The notes form part of these financial statements

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 17 17

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2023 28,936 28,936
Additions
Disposals ( 14,147 ) ( 14,147 )
Revaluations
Transfers
At 31 March 2024 14,789 14,789
Amortisation
At 1 April 2023 0 0
Charge for year
On disposals
Other adjustments
At 31 March 2024 0 0
Net book value
At 31 March 2024 14,789 14,789
At 31 March 2023 28,936 28,936

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 82,690 9,196 2,000 4,188 5,674 103,748
Additions 354,930 354,930
Disposals
Revaluations
Transfers
At 31 March 2024 437,620 9,196 2,000 4,188 5,674 458,678
Depreciation
At 1 April 2023
Charge for year
On disposals
Other adjustments
At 31 March 2024
Net book value
At 31 March 2024 437,620 9,196 2,000 4,188 5,674 458,678
At 31 March 2023 82,690 9,196 2,000 4,188 5,674 103,748

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Fixed assets investments note

£968,467

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Stocks

2024 2023
£ £
Stocks 38,976 44,829
Total 38,976 44,829

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Debtors

2024 2023
£ £
Trade debtors 896 13,784
Total 896 13,784

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

8. Current assets investments note

£447,503

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

9. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 1,956 8,921
Total 1,956 8,921

AFC PRESTIGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

10. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 2,389 4,728
Total 2,389 4,728