Afv Modeller Limited

Afv Modeller Limited

AFV MODELLER LIMITED - Company Information

Print Friendly Version

1 October 2022 false No description of principal activity Taxfiler 2023.14 04248280business:PrivateLimitedCompanyLtd2022-10-012023-09-30 042482802022-09-30 042482802022-10-012023-09-30 04248280business:AuditExempt-NoAccountantsReport2022-10-012023-09-30 04248280business:FilletedAccounts2022-10-012023-09-30 042482802023-09-30 04248280business:Director12022-10-012023-09-30 04248280business:Director22022-10-012023-09-30 042482802022-09-30 04248280core:WithinOneYear2023-09-30 04248280core:WithinOneYear2022-09-30 04248280core:SharePremiumcore:PreviouslyStatedAmount2023-09-30 04248280core:SharePremiumcore:PreviouslyStatedAmount2022-09-30 04248280core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 04248280core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 04248280core:PreviouslyStatedAmount2023-09-30 04248280core:PreviouslyStatedAmount2022-09-30 04248280business:SmallEntities2022-10-012023-09-30 04248280countries:EnglandWales2022-10-012023-09-30 04248280core:PlantMachinery2022-10-012023-09-30 04248280core:PlantMachinery2022-09-30 04248280core:PlantMachinery2023-09-30 04248280core:AfterOneYear2023-09-30 04248280core:AfterOneYear2022-09-30 042482802021-10-012022-09-30 iso4217:GBP xbrli:pure
Company Registration No. 04248280 (England and Wales)
Afv Modeller Limited Unaudited accounts for the year ended 30 September 2023
Afv Modeller Limited Unaudited accounts Contents
Page
- 2 -
Afv Modeller Limited Company Information for the year ended 30 September 2023
Directors
D G Parker K C Smith
Company Number
04248280 (England and Wales)
- 3 -
Afv Modeller Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
14,567 
21,840 
Current assets
Inventories
18,455 
20,800 
Debtors
5
10,756 
11,476 
Cash at bank and in hand
11,594 
31,657 
40,805 
63,933 
Creditors: amounts falling due within one year
6
(51,190)
(56,805)
Net current (liabilities)/assets
(10,385)
7,128 
Total assets less current liabilities
4,182 
28,968 
Provisions for liabilities
Deferred tax
(2,768)
(4,150)
Net assets
1,414 
24,818 
Capital and reserves
Share premium
1,000 
1,000 
Profit and loss account
414 
23,818 
Shareholders' funds
1,414 
24,818 
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by
K C Smith Director Company Registration No. 04248280
- 4 -
Afv Modeller Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Afv Modeller Limited is a private company, limited by shares, registered in England and Wales, registration number 04248280.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% on Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
120,361 
At 30 September 2023
120,361 
Depreciation
At 1 October 2022
98,521 
Charge for the year
7,273 
At 30 September 2023
105,794 
Net book value
At 30 September 2023
14,567 
At 30 September 2022
21,840 
- 5 -
Afv Modeller Limited Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
623 
2,012 
Accrued income and prepayments
1,550 
1,190 
2,173 
3,202 
Amounts falling due after more than one year
Trade debtors
8,583 
8,274 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
27,447 
37,290 
Trade creditors
13,426 
14,594 
Taxes and social security
272 
1,591 
Loans from directors
8,515 
- 
Accruals
1,530 
3,330 
51,190 
56,805 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -