Company No: 06074725 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	A R Harrison
	C Higgins
	V C Higgins
	S B Holland

SECRETARY

A R Harrison

REGISTERED OFFICE	C/O S&W Partners (Manchester) Limited
	Pall Mall
	1 Pollen Square
	59 King Street
	Manchester
	M2 4PD
	United Kingdom

COMPANY NUMBER

06074725 (England and Wales)

ACCOUNTANT	S&W Partners (Manchester) Limited
	Pall Mall
	1 Pollen Square
	59 King Street
	Manchester
	M2 4PD

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	24,223		17,428
Investments	5	116,752		116,752
		140,975		134,180
Current assets
Stocks		185,676		238,126
Debtors	6	1,861,913		1,516,452
Cash at bank and in hand	7	624,081		1,002,550
		2,671,670		2,757,128
Creditors: amounts falling due within one year	8	( 1,973,828)		( 1,889,569)
Net current assets		697,842		867,559
Total assets less current liabilities		838,817		1,001,739
Provision for liabilities	9	( 6,055)		( 4,312)
Net assets		832,762		997,427
Capital and reserves
Called-up share capital	10	1,828		2,017
Capital redemption reserve		238		49
Profit and loss account		830,696		995,361
Total shareholders' funds		832,762		997,427

For the financial year ending 31 January 2026 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of AFS Global Ltd (registered number: 06074725) were approved and authorised for issue by the Board of Directors on 26 August 2026. They were signed on its behalf by:

A R Harrison Director

S B Holland Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

AFS Global Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O S&W Partners (Manchester) Limited, Pall Mall, 1 Pollen Square, 59 King Street, Manchester, M2 4PD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of AFS Global Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Turnover

The company acts as an agent for the arrangement of freight forwarding services for third parties. Its turnover represents commissions and fees receivable net of discounts and VAT, and is recognised upon completion of each shipment.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	10 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

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

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	16		15

3. Dividends on equity shares

	2026		2025
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Interim dividend for the financial year ended 31 January 2026 of £1p per ordinary share	1,120,457		300,297
B redeemable ordinary shares of 1p each Interim	0		92,691
	1,120,457		392,988

4. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 February 2025	26,588		71,933		98,521
Additions	0		12,860		12,860
At 31 January 2026	26,588		84,793		111,381
Accumulated depreciation
At 01 February 2025	10,503		70,590		81,093
Charge for the financial year	1,850		4,215		6,065
At 31 January 2026	12,353		74,805		87,158
Net book value
At 31 January 2026	14,235		9,988		24,223
At 31 January 2025	16,085		1,343		17,428

5. Fixed asset investments

Investments in subsidiaries

	2026
	£
Cost
At 01 February 2025	116,752
At 31 January 2026	116,752
Carrying value at 31 January 2026	116,752
Carrying value at 31 January 2025	116,752

6. Debtors

	2026		2025
	£		£
Trade debtors	1,802,452		1,452,065
Other debtors	59,461		64,387
	1,861,913		1,516,452

7. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	624,081		1,002,550

8. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	1,561,194		1,209,888
Taxation and social security	104,737		495,347
Other creditors	307,897		184,334
	1,973,828		1,889,569

9. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 4,312)		( 5,170)
(Charged)/credited to the Profit and Loss Account	( 1,743)		858
At the end of financial year	( 6,055)		( 4,312)

10. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
96,000 A Redeemable Ordinary shares of £ 0.01 each (2025: 106,600 shares of £ 0.01 each)	960		1,066
11,849 B Redeemable Ordinary shares of £ 0.01 each	118		118
750 Ordinary shares of £ 1.00 each (2025: 833 shares of £ 1.00 each)	750		833
	1,828		2,017

During the year the company repurchased 106,000 A Redeemable Ordinary shares and 83 Ordinary shares at nominal value.

11. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2026		2025
	£		£
Within one year	27,350		22,865
Between one and five years	41,531		50,807
Total future minimum lease payments under non-cancellable operating leases	68,881		73,672

12. Related party transactions

Other related party transactions

	2026		2025
	£		£
Amounts due (to)/from related parties	0		(16,681)

The above loans are interest free and repayable on demand.