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Company Registration No. 10570246 (England and Wales)
AFG CARS UK LTD Unaudited accounts for the year ended 31 January 2025
AFG CARS UK LTD Unaudited accounts Contents
Page
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AFG CARS UK LTD Company Information for the year ended 31 January 2025
Director
MR HAMED AHMAD AHMADI
Company Number
10570246 (England and Wales)
Registered Office
476 LADY MARGARET ROAD SOUTHAL MIDDLESEX UB1 2NW ENGLAND
Accountants
SAMI & CO ACCOUNTANTS 48 BILTON ROAD PERIVALE MIDDLESEX UB6 7DH
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AFG CARS UK LTD Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
881 
1,101 
Current assets
Inventories
20,741 
26,130 
Cash at bank and in hand
10,116 
8,497 
30,857 
34,627 
Creditors: amounts falling due within one year
(7,248)
(2,730)
Net current assets
23,609 
31,897 
Total assets less current liabilities
24,490 
32,998 
Creditors: amounts falling due after more than one year
(9,574)
(15,712)
Net assets
14,916 
17,286 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
13,916 
16,286 
Shareholders' funds
14,916 
17,286 
For the year ending 31 January 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 May 2025 and were signed on its behalf by
MR HAMED AHMAD AHMADI Director Company Registration No. 10570246
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AFG CARS UK LTD Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
AFG CARS UK LTD is a private company, limited by shares, registered in England and Wales, registration number 10570246. The registered office is 476 LADY MARGARET ROAD, SOUTHAL, MIDDLESEX, UB1 2NW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2024
5,250 
At 31 January 2025
5,250 
Depreciation
At 1 February 2024
4,149 
Charge for the year
220 
At 31 January 2025
4,369 
Net book value
At 31 January 2025
881 
At 31 January 2024
1,101 
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AFG CARS UK LTD Notes to the Accounts for the year ended 31 January 2025
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
1,026 
940 
Trade creditors
3,521 
- 
Taxes and social security
2,701 
1,790 
7,248 
2,730 
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
9,574 
15,712 
7
Average number of employees
During the year the average number of employees was 1 (2024: 2).
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