Afgarad Support Services Ltd
Afgarad Support Services Ltd
Registered number: 06938158
Financial Statements
For The Year Ended 30 June 2018
MMK
Chartered Certified Accountants
Afgarad Support Services Ltd
Financial Statements
For The Year Ended 30 June 2018
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3—4 |
Afgarad Support Services Ltd
Balance Sheet
As at
30 June 2018
Balance Sheet
Registered number:
06938158
For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 5,817 | 5,131 | |||
Director's responsibilities
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The member has 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. - 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
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Page 1
Afgarad Support Services Ltd
Balance Sheet (continued)
As at
30 June 2018
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Afgarad Support Services Ltd
Notes to the Financial Statements
For The Year Ended 30 June 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
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:
| Plant & Machinery |
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2.
Tangible Assets
| Plant & Machinery | |
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| £ | |
| Cost | |
| As at |
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| Depreciation | |
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| Provided during the period |
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| Net Book Value | |
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3.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due after more than one year | |||
| Other debtors |
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Page 3
Afgarad Support Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2018
4.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Bank loans and overdrafts |
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| Corporation tax |
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| Other taxes and social security |
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| Net wages | 2,873 | 3,154 | |
| Accruals and deferred income |
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5.
General Information
Afgarad Support Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06938158 . The registered office is 134 Biscot Rd, Chaucer House Suite 101, Luton, Bedfordshire, LU3 1AX.
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