Afterguard Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 12977643 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2022

for

Afterguard Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J Hitchen

N J Gorringe

M Walker

SECRETARY:

N J Gorringe

REGISTERED OFFICE:

8 Martinfield Business Centre

Welwyn Garden City

Hertfordshire

AL7 1HG

REGISTERED NUMBER:

12977643 (England and Wales)

ACCOUNTANTS:

Astons Accountants

Chartered Certified Accountants

19-21 Manor Road

Caddington

Bedfordshire

LU1 4EE

FIXED ASSETS

Tangible assets

4

5,748

803

CURRENT ASSETS

Debtors

5

5,871

45,807

Cash at bank

143,345

9,300

149,216

55,107

CREDITORS

Amounts falling due within one year

6

113,467

54,166

NET CURRENT ASSETS

35,749

941

TOTAL ASSETS LESS CURRENT LIABILITIES

41,497

1,744

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

41,397

1,644

41,497

1,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 6 January 2023 and were signed on its behalf by:

D J Hitchen - Director

1.	STATUTORY INFORMATION

Afterguard 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.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 November 2021

252

726

-

978

Additions

-

-

5,838

5,838

At 31 October 2022

252

726

5,838

6,816

DEPRECIATION

At 1 November 2021

67

108

-

175

Charge for year

83

240

570

893

At 31 October 2022

150

348

570

1,068

NET BOOK VALUE

At 31 October 2022

102

378

5,268

5,748

At 31 October 2021

185

618

-

803

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Other debtors

1,216

16

VAT

1,579

-

Prepayments

3,076

45,791

5,871

45,807

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade creditors

3,302

49,981

Tax

8,165

197

VAT

-

2,338

Deferred income

100,000

-

Accrued expenses

2,000

1,650

113,467

54,166

7.	RELATED PARTY DISCLOSURES

As at 31 October 2022 Cartridge King Limited owed Afterguard Ltd £16 (2021: £16).

During the year Afterguard Ltd invoiced Cartridge King (Jersey) Limited for services with a value of £37,080.

As at 31 October 2022 Cartridge King (Jersey) Limited owed Afterguard Ltd £1,200 (2021: £Nil).

Afterguard Ltd, Cartridge King Limited and Cartridge King (Jersey) Limited all have the same director, Mr D J Hitchen.

Afterguard Ltd and Cartridge King (Jersey) Limited have the same director, Mr N Gorringe.