AF Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06436359 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2016 TO 28 NOVEMBER 2017

FOR

AF TRADING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

DW Quinn

D Dean

SECRETARY:

D Dean

REGISTERED OFFICE:

Distribution Centre, Unit 1

Learoyd Road

New Romney

Kent

TN28 8XU

REGISTERED NUMBER:

06436359 (England and Wales)

ACCOUNTANTS:

Calcutt Matthews

Chartered Accountants

19 North Street

Ashford

Kent

TN24 8LF

FIXED ASSETS

Tangible assets

3

111,155

CURRENT ASSETS

Debtors

4

374,140

Cash at bank

37,758

411,898

CREDITORS

Amounts falling due within one year

5

204,948

NET CURRENT ASSETS

206,950

TOTAL ASSETS LESS CURRENT LIABILITIES

318,105

CREDITORS

Amounts falling due after more than one year

6

69,750

NET ASSETS

248,355

CAPITAL AND RESERVES

Called up share capital

4

Retained earnings

248,351

SHAREHOLDERS' FUNDS

248,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 November 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 November 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 1 October 2018 and were signed on its behalf by:

D Dean - Director

1.	STATUTORY INFORMATION

AF Trading 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 period 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 period 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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

143,500

Additions

12,494

At 28 November 2017

155,994

DEPRECIATION

At 1 December 2016

32,040

Charge for period

12,799

At 28 November 2017

44,839

NET BOOK VALUE

At 28 November 2017

111,155

At 30 November 2016

111,460

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

253,257

Other debtors

120,883

374,140

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

1,433

Trade creditors

133,185

Taxation and social security

29,090

Other creditors

41,240

204,948

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

69,750