AFFINITY DNA LIMITED - Limited company accounts 20.1

REGISTERED NUMBER: 10383853 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2020

FOR

AFFINITY DNA LIMITED

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Mrs D C Purseglove

REGISTERED OFFICE:

Unit C, Broomsleigh Business Park,

Worsley Bridge Road,

Lower Sydenham,

London

SE26 5BN

REGISTERED NUMBER:

10383853 (England and Wales)

ACCOUNTANTS:

Bennett & Co

The Annexe

Minerva House

Bordyke

Tonbridge

Kent

TN9 1NR

The director presents her report with the financial statements of the company for the year ended 30 November 2020.

DIRECTOR

Mrs D C Purseglove held office during the whole of the period from 1 December 2019 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs D C Purseglove - Director

9 August 2021

TURNOVER

129,189

84,912

Cost of sales

72,472

41,123

GROSS PROFIT

56,717

43,789

Administrative expenses

46,647

40,810

OPERATING PROFIT and

PROFIT BEFORE TAXATION

10,070

2,979

Tax on profit

6

1,914

405

PROFIT FOR THE FINANCIAL YEAR

8,156

2,574

FIXED ASSETS

Tangible assets

8

700

800

CURRENT ASSETS

Debtors

9

17,928

16,272

Cash at bank

8,518

238

26,446

16,510

CREDITORS

Amounts falling due within one year

10

15,934

12,254

NET CURRENT ASSETS

10,512

4,256

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,212

5,056

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

12

11,112

4,956

SHAREHOLDERS' FUNDS

11,212

5,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 9 August 2021 and were signed by:

Mrs D C Purseglove - Director

1.	STATUTORY INFORMATION

AFFINITY DNA LIMITED 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.

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 NIL (2019 - NIL).

4.	DIRECTORS' EMOLUMENTS

30.11.20

30.11.19

£

Director's remuneration

-

5.	OPERATING PROFIT

The operating profit is stated after charging:

30.11.20

30.11.19

£

Depreciation - owned assets

275

249

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

30.11.20

30.11.19

£

Current tax:

UK corporation tax

1,900

400

Adjustment in respect of

previous year

14

5

Tax on profit

1,914

405

UK corporation tax has been charged at 19% (2019 - 19%).

7.

DIVIDENDS

30.11.20

30.11.19

£

Ordinary Shares shares of £1 each

Interim

2,000

-

8.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 December 2019

1,049

Additions

175

At 30 November 2020

1,224

DEPRECIATION

At 1 December 2019

249

Charge for year

275

At 30 November 2020

524

NET BOOK VALUE

At 30 November 2020

700

At 30 November 2019

800

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

Prepayments

17,928

16,272

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

Corporation Tax

2,168

400

Value Added Tax

928

-

Other Creditors

5,838

7,904

Directors' current accounts

4,800

2,000

Accrued Expenses

2,200

1,950

15,934

12,254

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.20

30.11.19

value:

£

100

Ordinary Shares

£1

100

12.

RESERVES

Retained

earnings

£

At 1 December 2019

4,956

Profit for the year

8,156

Dividends

(2,000

)

At 30 November 2020

11,112