AFD Management Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09989427 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

AFD Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F A Durdin

A R Durdin

REGISTERED OFFICE:

167-169 Great Portland Street,

5th Floor

London

W1W 5PF

REGISTERED NUMBER:

09989427 (England and Wales)

ACCOUNTANTS:

Aivilo Digital Accountancy Ltd

49 Hurford Drive

Thatcham

Berkshire

RG19 4WA

FIXED ASSETS

Tangible assets

4

41,359

53,787

CURRENT ASSETS

Debtors

5

6,747

5,087

Cash at bank

88,825

97,033

95,572

102,120

CREDITORS

Amounts falling due within one year

6

45,332

40,536

NET CURRENT ASSETS

50,240

61,584

TOTAL ASSETS LESS CURRENT
LIABILITIES

91,599

115,371

CREDITORS

Amounts falling due after more than one
year

7

(18,040

)

(27,060

)

PROVISIONS FOR LIABILITIES

(10,340

)

(12,909

)

NET ASSETS

63,219

75,402

CAPITAL AND RESERVES

Called up share capital

101

Retained earnings

63,118

75,301

63,219

75,402

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 22 September 2025 and were signed on its behalf by:

A R Durdin - Director

1.	STATUTORY INFORMATION

AFD Management Ltd is a private company, limited by shares , registered in England and Wales. 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

1,730

47,080

11,047

59,857

Additions

118

1,434

-

1,552

Disposals

-

(1,085

)

(1,085

)

At 31 March 2025

1,848

48,514

9,962

60,324

DEPRECIATION

At 1 April 2024

1,146

-

4,924

6,070

Charge for year

165

12,129

1,479

13,773

Eliminated on disposal

-

(878

)

(878

)

At 31 March 2025

1,311

12,129

5,525

18,965

NET BOOK VALUE

At 31 March 2025

537

36,385

4,437

41,359

At 31 March 2024

584

47,080

6,123

53,787

Included within the motor vehicle net book value of £36,681 is £27,060 relating to assets held under hire purchase agreement.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

4,347

3,017

Accrued income

660

1,415

Prepayments

1,740

655

6,747

5,087

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts

9,020

Trade creditors

-

10,861

Tax

32,890

13,169

Other creditors

3,381

5,764

Directors' loan accounts

41

355

Accrued expenses

-

1,367

45,332

40,536

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Hire purchase contracts

18,040

27,060

8.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 31 March 2025 and 31 March 2024.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

A R Durdin and F A Durdin

Balance outstanding at start of year

(355

)

(124

)

Amounts advanced

834

418

Amounts repaid

(520

)

(649

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(41

)

(355

)