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Company Registration No. 13813441 (England and Wales)
AFA Meat Ltd Unaudited accounts for the year ended 31 December 2024
AFA Meat Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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AFA Meat Ltd Company Information for the year ended 31 December 2024
Director
Mr M Oztas
Company Number
13813441 (England and Wales)
Registered Office
93 High Street Waltham Cross EN8 7AQ England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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AFA Meat Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
25,500
27,000
Tangible assets
5
25,676
29,567
51,176
56,567
Current assets
Inventories
3,800
3,800
Debtors
6
33,000
28,000
Cash at bank and in hand
14,722
10,106
51,522
41,906
Creditors: amounts falling due within one year
7
(5,470)
(10,477)
Net current assets
46,052
31,429
Total assets less current liabilities
97,228
87,996
Creditors: amounts falling due after more than one year
8
(5,891)
(11,156)
Net assets
91,337
76,840
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
91,237
76,740
Shareholders' funds
91,337
76,840
For the year ending 31 December 2024 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 11 July 2025 and were signed on its behalf by
Mr M Oztas Director Company Registration No. 13813441
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AFA Meat Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
AFA Meat Ltd is a private company, limited by shares, registered in England and Wales, registration number 13813441. The registered office is 93 High Street, Waltham Cross, EN8 7AQ, 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.
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:
Plant & machinery
18% - Reducing balance method
Motor vehicles
6% - Reducing balance method
Fixtures & fittings
18% - Reducing balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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AFA Meat Ltd Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
30,000
At 31 December 2024
30,000
Amortisation
At 1 January 2024
3,000
Charge for the year
1,500
At 31 December 2024
4,500
Net book value
At 31 December 2024
25,500
At 31 December 2023
27,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
11,520
13,495
14,720
39,735
At 31 December 2024
11,520
13,495
14,720
39,735
Depreciation
At 1 January 2024
3,774
1,571
4,823
10,168
Charge for the year
1,394
715
1,782
3,891
At 31 December 2024
5,168
2,286
6,605
14,059
Net book value
At 31 December 2024
6,352
11,209
8,115
25,676
At 31 December 2023
7,746
11,924
9,897
29,567
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Other debtors
33,000
28,000
7
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
(129)
(375)
Taxes and social security
4,498
8,955
Loans from directors
651
1,447
Accruals
450
450
5,470
10,477
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AFA Meat Ltd Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Obligations under finance leases and hire purchase contracts
5,891
11,156
9
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
50 Shares issued - A Ordinary of £1 each
50
50
50 Shares issued - B Ordinary of £1 each
50
50
100
100
10
Transactions with related parties
Included within other creditors is an amount of £651 (2023;£1,447) due to its directors. There are no terms as to interest or repayment in respect of this balance.
11
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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