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Company Registration No. 09371669 (England and Wales)
AFA GROUP LTD Unaudited accounts for the year ended 31 December 2024
AFA GROUP LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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AFA GROUP LTD Company Information for the year ended 31 December 2024
Director
Fiaz Ashraf
Company Number
09371669 (England and Wales)
Registered Office
UNIVERSAL SQUARE SUITE 9 BUILDING 4 DEVONSHIRE STREET NORTH MANCHESTER M12 6JH
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AFA GROUP LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
45,002 
56,251 
Current assets
Debtors
5
430,605 
601,838 
Cash at bank and in hand
187,781 
374,928 
618,386 
976,766 
Creditors: amounts falling due within one year
6
(142,039)
(381,326)
Net current assets
476,347 
595,440 
Total assets less current liabilities
521,349 
651,691 
Creditors: amounts falling due after more than one year
7
(243,000)
(273,000)
Net assets
278,349 
378,691 
Capital and reserves
Called up share capital
292 
292 
Profit and loss account
278,057 
378,399 
Shareholders' funds
278,349 
378,691 
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 30 November 2025 and were signed on its behalf by
Fiaz Ashraf Director Company Registration No. 09371669
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AFA GROUP LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
AFA GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 09371669. The registered office is UNIVERSAL SQUARE SUITE 9 BUILDING 4, DEVONSHIRE STREET NORTH, MANCHESTER, M12 6JH.
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.
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:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
30,447 
20,602 
21,564 
72,613 
At 31 December 2024
30,447 
20,602 
21,564 
72,613 
Depreciation
At 1 January 2024
10,686 
4,764 
912 
16,362 
Charge for the year
3,952 
3,167 
4,130 
11,249 
At 31 December 2024
14,638 
7,931 
5,042 
27,611 
Net book value
At 31 December 2024
15,809 
12,671 
16,522 
45,002 
At 31 December 2023
19,761 
15,838 
20,652 
56,251 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
219,760 
295,993 
Other debtors
210,845 
305,845 
430,605 
601,838 
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AFA GROUP LTD Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
100,079 
266,123 
Taxes and social security
4,611 
13,887 
Other creditors
37,349 
101,316 
142,039 
381,326 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
243,000 
273,000 
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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