Afcnet Ltd - Period Ending 2016-05-20
Afcnet Ltd - Period Ending 2016-05-20
Registration number:
Unaudited Abbreviated Accounts
for the Period from
Afcnet Ltd
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Afcnet Ltd
for the Period Ended 20 May 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Afcnet Ltd for the period ended 20 May 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of Afcnet Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Afcnet Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Afcnet Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Afcnet Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Afcnet Ltd. You consider that Afcnet Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Afcnet Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Booth & Co
Chartered Certified Accountants
The Hermitage
15A Shenfield Road
Brentwood
Essex
CM15 8AG
11 June 2016
Afcnet Ltd
(Registration number: 08070033)
Abbreviated Balance Sheet at 20 May 2016
Note |
20 May 2016
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31 March 2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr Adam Francis Cornwell
Director
2
Afcnet Ltd
Notes to the Abbreviated Accounts for the Period from 1 April 2015 to 20 May 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Financial instruments
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 April 2015 |
1,275 |
1,275 |
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At 20 May 2016 |
1,275 |
1,275 |
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Depreciation |
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At 1 April 2015 |
699 |
699 |
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Charge for the period |
324 |
324 |
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At 20 May 2016 |
1,023 |
1,023 |
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Net book value |
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At 20 May 2016 |
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At 31 March 2015 |
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Afcnet Ltd
Notes to the Abbreviated Accounts for the Period from 1 April 2015 to 20 May 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
20 May 2016 |
31 March 2015 |
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No. |
£ |
No. |
£ |
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