Afobi Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08078583

		31 March 2026		31 May 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		447,497		442,713

			447,497		442,713
CURRENT ASSETS
Debtors	5	6,075		3,691
Cash at bank and in hand		16,010		9,591

		22,085		13,282
Creditors: Amounts Falling Due Within One Year	6	(13,157 )		(15,519 )

NET CURRENT ASSETS (LIABILITIES)			8,928		(2,237 )

TOTAL ASSETS LESS CURRENT LIABILITIES			456,425		440,476

Creditors: Amounts Falling Due After More Than One Year	7		(317,090 )		(301,422 )

NET ASSETS			139,335		139,054

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			139,334		139,053

SHAREHOLDERS' FUNDS			139,335		139,054

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Afobi Limited

Balance Sheet (continued)

As At 31 March 2026

For the period ending 31 March 2026 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Zachary Newman

Director

21/06/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Afobi Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08078583 . The registered office is Unit 1 & 2 Bolney Grange Industrial Park, Haywards Heath, West Sussex, RH17 5PB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold
Plant & Machinery	20% Reducing Balance
Fixtures & Fittings	10% Reducing Balance
Computer Equipment	written off over 4 years

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1 (2025: 1)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 June 2025	441,287	5,428	-	1,484	448,199
Additions	-	-	5,838	-	5,838

As at 31 March 2026	441,287	5,428	5,838	1,484	454,037

Depreciation
As at 1 June 2025	-	4,936	-	550	5,486
Provided during the period	-	98	584	372	1,054

As at 31 March 2026	-	5,034	584	922	6,540

Net Book Value
As at 31 March 2026	441,287	394	5,254	562	447,497

As at 1 June 2025	441,287	492	-	934	442,713

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Afobi Limited

Notes to the Financial Statements (continued)

For the Period 1 June 2025 to 31 March 2026

5. Debtors

	31 March 2026	31 May 2025
	£	£
Due within one year
Other debtors	6,075	3,691

6. Creditors: Amounts Falling Due Within One Year

	31 March 2026	31 May 2025
	£	£
Trade creditors	830	-
Bank loans and overdrafts	2,649	7,343
Other creditors	2,990	1,418
Taxation and social security	6,688	6,758

	13,157	15,519

7. Creditors: Amounts Falling Due After More Than One Year

	31 March 2026	31 May 2025
	£	£
Bank loans	248,824	261,422
Other creditors	68,266	40,000

	317,090	301,422

8. Share Capital

	31 March 2026	31 May 2025
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

A loan of £40000 was made by a company of which Mr Newman is a Director. The loan attracts interest of 3.99% from February 2025

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