AFRIKMARK LTD - Accounts

AFRIKMARK LTD - Accounts

AFRIKMARK LTD - Company Information

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Reports Dated : 31/12/2020
Registered Number: 07598917
England and Wales

 

 

 

AFRIKMARK LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

AFRIKMARK LTD
Contents Page
For the year ended 31 March 2020
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2020 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
BELVER ACCOUNTING AND BUSINESS SERVICES (BABS) LTD
31 March 2020



....................................................
BELVER ACCOUNTING AND BUSINESS SERVICES (BABS) LTD
4 Preston Road

Brighton
BN1 4QF
31 December 2020
1
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 2 1,183    2,019 
1,183    2,019 
Current assets      
Stocks 18,710    12,129 
Debtors 188    174 
Cash at bank and in hand 3,485    2,295 
22,383    14,598 
Creditors: amount falling due within one year (6,086)   (4,398)
Net current assets 16,297    10,200 
 
Total assets less current liabilities 17,480    12,219 
Net assets 17,480    12,219 
 

Capital and reserves 		     
Called up share capital 31,770    31,770 
Profit and loss account (14,290)   (19,551)
Shareholders funds 17,480    12,219 
 


For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 31 December 2020 and were signed on its behalf by:


--------------------------------
Rigobel Fokou
Director
2
General Information
AFRIKMARK LTD is a private company, limited by shares, registered in England and Wales, registration number 07598917, registration address 4 PRESTON ROAD, BRIGHTON, EAST SUSSEX, BN1 4QF

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10 Years Straight Line
Computer Equipment 5 Years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 April 2019 13,758    -    13,758 
Additions -    40    40 
Disposals -    -    - 
At 31 March 2020 13,758    40    13,798 
Depreciation
At 01 April 2019 11,739    -    11,739 
Charge for year 873    3    876 
On disposals -    -    - 
At 31 March 2020 12,612    3    12,615 
Net book values
Closing balance as at 31 March 2020 1,146    37    1,183 
Opening balance as at 01 April 2019 2,019    -    2,019 


3.

Average number of employees

Average number of employees during the year was 3 (2019 : 2)
3