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Registered Number: 14294822
England and Wales

 

 

 


Filleted Accounts

for the year ended 31 August 2024

for

AFFLUENCE GROUP LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,162   
1,162   
Current assets      
Debtors 4 36   
Cash at bank and in hand 20,234    11,250 
20,270    11,250 
Creditors: amount falling due within one year 5 (1,973)   (1,224)
Net current assets 18,297    10,026 
 
Total assets less current liabilities 19,459    10,026 
Provisions for liabilities 6 (294)  
Net assets 19,165    10,026 
 

Capital and reserves
     
Called up share capital 7 10,000    10,000 
Profit and loss account 9,165    26 
Shareholders' funds 19,165    10,026 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 01 May 2025 and were signed by:


-------------------------------
Stephen Teare
Director
1
General Information
Affluence Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 14294822, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 September 2023  
Additions 1,549    1,549 
Disposals  
At 31 August 2024 1,549    1,549 
Depreciation
At 01 September 2023  
Charge for year 387    387 
On disposals  
At 31 August 2024 387    387 
Net book values
Closing balance as at 31 August 2024 1,162    1,162 
Opening balance as at 01 September 2023  


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 36   
36   

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   350 
Corporation Tax 1,940    874 
PAYE & Social Security 33   
1,973    1,224 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 294   
294   

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £100.00 each 10,000    10,000 
10,000    10,000 

2