2024-03-01 2025-02-28 false Capium Accounts Production 1.1 14629831 2024-03-01 2025-02-28 14629831 bus:AbridgedAccounts 2024-03-01 2025-02-28 14629831 bus:Micro-entities 2024-03-01 2025-02-28 14629831 bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 14629831 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 14629831 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 14629831 2024-03-01 2025-02-28 14629831 2025-02-28 14629831 bus:RegisteredOffice 2024-03-01 2025-02-28 14629831 core:WithinOneYear 2025-02-28 14629831 core:AfterOneYear 2025-02-28 14629831 1 2024-03-01 2025-02-28 14629831 bus:Director1 2024-03-01 2025-02-28 14629831 bus:Director1 2025-02-28 14629831 bus:Director1 2023-02-01 2024-02-29 14629831 2023-02-01 14629831 bus:LeadAgentIfApplicable 2024-03-01 2025-02-28 14629831 2023-02-01 2024-02-29 14629831 2024-02-29 14629831 core:WithinOneYear 2024-02-29 14629831 core:AfterOneYear 2024-02-29 14629831 bus:EntityAccountantsOrAuditors 2023-02-01 2024-02-29 14629831 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 14629831 bus:OrdinaryShareClass1 2025-02-28 14629831 bus:OrdinaryShareClass1 2023-02-01 2024-02-29 14629831 bus:OrdinaryShareClass1 2024-02-29 14629831 core:MotorCars 2024-03-01 2025-02-28 14629831 core:MotorCars 2025-02-28 14629831 core:MotorCars 2024-02-29 14629831 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2025-02-28 14629831 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-02-29 14629831 core:CostValuation core:Non-currentFinancialInstruments 2025-02-28 14629831 core:CostValuation core:Non-currentFinancialInstruments 2024-02-29 14629831 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2025-02-28 14629831 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2025-02-28 14629831 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2025-02-28 14629831 core:Non-currentFinancialInstruments 2025-02-28 14629831 core:Non-currentFinancialInstruments 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 14629831
England and Wales

 

 

 

AFM FURNITURE LTD



Abridged Accounts
 


Period of accounts

Start date: 01 March 2024

End date: 28 February 2025
  2025   2024
    £ £   £ £
Fixed assets   11,070      5,300 
Current assets 13,421      720   
Creditors: amount falling due within one year (27,159)     (3,978)  
Net current assets   (13,738)     (3,258)
Total assets less current liabilities   (2,668)     2,042 
Creditors: amount falling due after more than one year   3,773      (1,042)
Net assets   1,105      1,000 
 

         
Capital and reserves   1,105      1,000 
 
NOTES TO THE ACCOUNTS

General Information
AFM FURNITURE LTD is a private company, limited by shares, registered in England and Wales, registration number 14629831, registration address 474 ALUM ROCK ROAD, BIRMINGHAM ENGLAND, B8 3HU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – 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.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
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:
Motor Vehicles 10% Straight Line
2.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 March 2024 5,300    5,300 
Additions 7,000    7,000 
Disposals  
At 28 February 2025 12,300    12,300 
Depreciation
At 01 March 2024  
Charge for year 1,230    1,230 
On disposals  
At 28 February 2025 1,230    1,230 
Net book values
Closing balance as at 28 February 2025 11,070    11,070 
Opening balance as at 01 March 2024 5,300    5,300 


3.

Average number of employees

Average number of employees during the year was 2 (2024 : 2).


For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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 accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 16 June 2025 and were signed by:


--------------------------------
Muhammad Ali Farooq Muhammad Ali
Director
1