Africa Advisory Partners Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05890456 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2020

for

Africa Advisory Partners Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C E Morris

SECRETARY:

Dr C B Ramsay

REGISTERED OFFICE:

Gowran House

56 Broad Street

Chipping Sodbury

Bristol

BS37 6AG

REGISTERED NUMBER:

05890456 (England and Wales)

ACCOUNTANTS:

R A Leslie & Co. LLP

Chartered Accountants

Gowran House

56 Broad Street

Chipping Sodbury

Bristol

BS37 6AG

FIXED ASSETS

Tangible assets

4

13,316

8,475

CURRENT ASSETS

Debtors

5

14,708

5,040

Cash at bank

48,006

8,623

62,714

13,663

CREDITORS

Amounts falling due within one year

6

13,804

2,481

NET CURRENT ASSETS

48,910

11,182

TOTAL ASSETS LESS CURRENT LIABILITIES

62,226

19,657

PROVISIONS FOR LIABILITIES

2,530

1,610

NET ASSETS

59,696

18,047

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

59,596

17,947

SHAREHOLDERS' FUNDS

59,696

18,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2020 and were signed by:

C E Morris - Director

1.	STATUTORY INFORMATION

Africa Advisory Partners Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 June 2019

13,658

Additions

9,882

At 31 May 2020

23,540

DEPRECIATION

At 1 June 2019

5,183

Charge for year

5,041

At 31 May 2020

10,224

NET BOOK VALUE

At 31 May 2020

13,316

At 31 May 2019

8,475

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade debtors

14,708

5,040

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Corporation tax

2,920

96

VAT

2,026

2,350

Other creditors and accruals

-

22

Directors' current accounts

8,858

13

13,804

2,481