AFCC Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06898248 (England and Wales)

Abbreviated Accounts for the Year Ended 31 May 2016

for

AFCC Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A M Forbes

Mr J P Vella

SECRETARY:

Mr A M Forbes

REGISTERED OFFICE:

Kemp House

152 City Road

London

EC1V 2NX

REGISTERED NUMBER:

06898248 (England and Wales)

ACCOUNTANTS:

Farrell & Co

11 Amberside

Wood Lane

Hemel Hempstead

Hertfordshire

HP2 4TP

FIXED ASSETS

Intangible assets

2

10,000

Tangible assets

3

9,856

3,778

19,856

13,778

CURRENT ASSETS

Debtors

199,594

180,915

Cash at bank

57,238

25,776

256,832

206,691

CREDITORS

Amounts falling due within one
year

72,638

83,527

NET CURRENT ASSETS

184,194

123,164

TOTAL ASSETS LESS CURRENT
LIABILITIES

204,050

136,942

PROVISIONS FOR LIABILITIES

1,971

755

NET ASSETS

202,079

136,187

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

202,077

136,185

SHAREHOLDERS' FUNDS

202,079

136,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 August 2016
and were signed on its behalf by:

Mr A M Forbes - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost

convention and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account

on a straight line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

10,000

NET BOOK VALUE

At 31 May 2016

10,000

At 31 May 2015

10,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

13,765

Additions

9,364

At 31 May 2016

23,129

DEPRECIATION

At 1 June 2015

9,987

Charge for year

3,286

At 31 May 2016

13,273

NET BOOK VALUE

At 31 May 2016

9,856

At 31 May 2015

3,778

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

2

Ordinary

£1

2