Registration number: 9550313

AFX Mixing and Pumping Technologies Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

AFX Mixing and Pumping Technologies Limited

Company Information

Directors

Mr Toby Frostwick Mr Eugene John Els Mr Johannes Jacobus Strydom

Registered office

Unit 17 Abbey Business Park Holton Heath Poole Dorset BH16 6NN

AFX Mixing and Pumping Technologies Limited

(Registration number: 9550313)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,882	3,433
Current assets
Stocks	5	47,866	30,402
Debtors	6	1,032,827	249,248
Cash at bank and in hand		212,997	169,252
		1,293,690	448,902
Creditors: Amounts falling due within one year	7	(892,604)	(161,027)
Net current assets		401,086	287,875
Total assets less current liabilities		405,968	291,308
Creditors: Amounts falling due after more than one year	7	(23,436)	(28,950)
Net assets		382,532	262,358
Capital and reserves
Called up share capital	8	100	100
Retained earnings		382,432	262,258
Shareholders' funds		382,532	262,358

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

Directors' 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

AFX Mixing and Pumping Technologies Limited

(Registration number: 9550313)
Balance Sheet as at 28 February 2025

Approved and authorised by the Board on 15 October 2025 and signed on its behalf by:
 

Mr Toby Frostwick

Director

Mr Eugene John Els

Director

Mr Johannes Jacobus Strydom

Director

AFX Mixing and Pumping Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 17 Abbey Business Park
Holton Heath
Poole
Dorset
BH16 6NN
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents management charges and sales of the company's products excluding VAT.

Foreign currency transactions and balances

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

AFX Mixing and Pumping Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Reducing balance
Computer equipment	3 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

AFX Mixing and Pumping Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

AFX Mixing and Pumping Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 March 2024	14,656	535	15,191
Additions	1,675	1,286	2,961
At 28 February 2025	16,331	1,821	18,152
Depreciation
At 1 March 2024	11,366	392	11,758
Charge for the year	1,191	321	1,512
At 28 February 2025	12,557	713	13,270
Carrying amount
At 28 February 2025	3,774	1,108	4,882
At 29 February 2024	3,290	143	3,433

5

Stocks

	2025 £	2024 £
Other inventories	47,866	30,402

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		1,007,339	199,459
Group trade debtors	11	9,607	32,799
Prepayments		14,381	16,990
Other debtors		1,500	-
		1,032,827	249,248

AFX Mixing and Pumping Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	32,714	32,714
Trade creditors		52,975	53,598
Group trade creditors	11	717,562	11,162
Taxation and social security		67,585	60,303
Accruals and deferred income		3,401	3,250
Other creditors		18,367	-
		892,604	161,027

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	23,436	28,950

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

AFX Mixing and Pumping Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	23,436	28,950

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,514	5,514
Other borrowings	27,200	27,200
	32,714	32,714

10	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	18,000	22,533
Later than one year and not later than five years	-	18,000
	18,000	40,533

11	Related party transactions

The ultimate controlling party is AFX Holding (PTY) Limited - 25a Rudo Nell Road, 1459 Boksburg, Gateng, South Africa

Group trade debtors contain a balance of £9,607 owed from African Mixing Technologies (PTY) Ltd (2024 - £32,799).

Group trade creditors contain a balance of £725,189 owed to African Mixing Technologies (PTY) Ltd (2024 - £11,162).

Other borrowings contain a balance of £27,200 owed to AFX Holding (PTY) Limited (2024 - £27,200).

AFX Mixing and Pumping Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	140,000	132,000
Contributions paid to money purchase schemes	86,372	61,250
	226,372	193,250