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Company Registration No. 04154393 (England and Wales)
Afritrans Limited Unaudited Financial Statements for the year ended 30 November 2025
Afritrans Limited Unaudited Financial Statements Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Afritrans Limited Company Information for the year ended 30 November 2025
Director
Mrs K Madgwick
Company Number
04154393 (England and Wales)
Registered Office
70 Cormorant Road Sittingbourne Kent ME9 8WP
Accountants
The Accounts Lady 7 Southbourne Grove Chatham ME5 8HX
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Afritrans Limited Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,951
2,237
Current assets
Inventories
4,779
4,686
Cash at bank and in hand
22,958
21,102
27,737
25,788
Creditors: amounts falling due within one year
5
(12,293)
(7,206)
Net current assets
15,444
18,582
Net assets
18,395
20,819
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
17,395
19,819
Shareholders' funds
18,395
20,819
For the year ending 30 November 2025 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 her 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 10 July 2026 and were signed on its behalf by
Mrs K Madgwick Director Company Registration No. 04154393
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Afritrans Limited Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
Afritrans Limited is a private company, limited by shares, registered in England and Wales, registration number 04154393. The registered office is 70 Cormorant Road, Sittingbourne, Kent, ME9 8WP.
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
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item or 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. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference
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Afritrans Limited Notes to the Accounts for the year ended 30 November 2025
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:
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2024
766
7,151
7,917
Additions
-
1,217
1,217
Disposals
-
(4,238)
(4,238)
At 30 November 2025
766
4,130
4,896
Depreciation
At 1 December 2024
367
5,313
5,680
Charge for the year
60
443
503
On disposals
-
(4,238)
(4,238)
At 30 November 2025
427
1,518
1,945
Net book value
At 30 November 2025
339
2,612
2,951
At 30 November 2024
399
1,838
2,237
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
3,657
3,485
Other creditors
1,239
845
Loans from directors
7,078
2,557
Accruals
319
319
12,293
7,206
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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