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REGISTERED NUMBER: 04645431















Unaudited Financial Statements for the Year Ended 31 January 2025

for

AFAG Limited

AFAG Limited (Registered number: 04645431)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AFAG Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Ms L Andrew
Ms D Ford
G D Buckner





SECRETARY: Ms D Ford





REGISTERED OFFICE: 48 Weavers Way
London
NW1 0XE





REGISTERED NUMBER: 04645431





ACCOUNTANTS: Knox & Eames Chartered Accountants
Badgemore House
Badgemore Park
Henley-on-Thames
Oxfordshire
RG9 4NR

AFAG Limited (Registered number: 04645431)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 200,397 200,397

CURRENT ASSETS
Debtors 5 132 40
Cash at bank 113,485 91,443
113,617 91,483
CREDITORS
Amounts falling due within one year 6 7,960 9,513
NET CURRENT ASSETS 105,657 81,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,054

282,367

CAPITAL AND RESERVES
Called up share capital 48 48
Other reserves 200,397 200,397
Retained earnings 105,609 81,922
SHAREHOLDERS' FUNDS 306,054 282,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 23 April 2025 and were signed on its behalf by:




Ms L Andrew - Director



Ms D Ford - Director


AFAG Limited (Registered number: 04645431)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

AFAG Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 February 2024
and 31 January 2025 200,397
NET BOOK VALUE
At 31 January 2025 200,397
At 31 January 2024 200,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 132 40

AFAG Limited (Registered number: 04645431)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 5,504 6,983
Other creditors 2,456 2,530
7,960 9,513