AFDOM LTD

Company Registration Number:
13683731 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

AFDOM LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

AFDOM LTD

Company Information

for the Period Ended 31 October 2024




Registered office: 64
Gilbert Road
Chafford Hundred
Grays
England
RM16 6NR
Company Registration Number: 13683731 (England and Wales)

AFDOM LTD

Profit and Loss Account

for the Period Ended 31 October 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 15,000 13,120
Administrative Expenses ( 3,424 ) ( 1,968 )
Operating Profit or (Loss) 11,576 11,152
Interest Payable and Similar Charges ( 10,184 ) ( 9,811 )
Profit or (Loss) Before Tax 1,392 1,341
Tax on Profit ( 348 ) ( 255 )
Profit or (Loss) for Period 1,044 1,086

The notes form part of these financial statements

AFDOM LTD

Balance sheet

As at 31 October 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 310,610 327,966
Total fixed assets: 310,610 327,966
Current assets
Cash at bank and in hand: 752 582
Total current assets: 752 582
Creditors: amounts falling due within one year: ( 1,695 ) ( 1,105 )
Net current assets (liabilities): ( 943 ) ( 523 )
Total assets less current liabilities: 309,667 327,443
Creditors: amounts falling due after more than one year: ( 308,524 ) ( 326,257 )
Total net assets (liabilities): 1,143 1,186

The notes form part of these financial statements

AFDOM LTD

Balance sheet continued

As at 31 October 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,043 1,086
Shareholders funds: 1,143 1,186

For the year ending 31 October 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 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 5 March 2025
And Signed On Behalf Of The Board By:

Name: Mrs O Adedeji
Status: Director

The notes form part of these financial statements

AFDOM LTD

Notes to the Financial Statements

for the Period Ended 31 October 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

    Turnover policy

    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 rendering of services. Turnover from the sale of goods is recognised when the significant risk & rewards of ownership of the goods have been 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 cost incurred for work performed to date to the total estimated contract cost.

    Tangible fixed assets depreciation policy

    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:
    Freehold buildings: over 50 years
    Leasehold land & buildings: over the lease term
    Plant & Machinery: over 5 years
    Fixtures, fittings. Tools & equipment: over 5 years.

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative and any accumulative impairment losses.

AFDOM LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

AFDOM LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

AFDOM LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Tangible Assets

Total
Cost £
At 01 November 2023 344,079
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2024 344,079
Depreciation
At 01 November 2023 16,113
Charge for year 17,356
On disposals -
Other adjustments -
At 31 October 2024 33,469
Net book value
At 31 October 2024 310,610
At 31 October 2023 327,966

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:
Freehold buildings: over 50 years
Leasehold land & buildings: over the lease term
Plant & Machinery: over 5 years
Fixtures, fittings, tools & equipment: over 5 years.