Company Registration No. 09964563 (England and Wales)
Africa Advisory Limited
Unaudited accounts
for the year ended 31 March 2022
Africa Advisory Limited
Unaudited accounts
Contents
Africa Advisory Limited
Company Information
for the year ended 31 March 2022
Directors
Tinashe Makoni
Alice Makoni
Company Number
09964563 (England and Wales)
Registered Office
Flat 1
2 Shooters Hill Road
London
SE3 7BD
United Kingdom
Accountants
Yukimi Rabnott FCPFA for and on behalf of
On The Spot
Trading Name of Carson Rabnott Limited
EC2Y 8BY
Africa Advisory Limited
Statement of financial position
as at
31 March 2022
Tangible assets
315
1,015
Cash at bank and in hand
89
50,993
Creditors: amounts falling due within one year
(10,877)
(15,799)
Net current assets
2,336
37,274
Total assets less current liabilities
32,651
38,289
Creditors: amounts falling due after more than one year
(29,907)
(38,269)
Called up share capital
20
20
Profit and loss account
2,724
-
Shareholders' funds
2,744
20
For the year ending 31 March 2022 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 22 December 2022 and were signed on its behalf by
Tinashe Makoni
Director
Company Registration No. 09964563
Africa Advisory Limited
Notes to the Accounts
for the year ended 31 March 2022
Africa Advisory Limited is a private company, limited by shares, registered in England and Wales, registration number 09964563. The registered office is Flat 1, 2 Shooters Hill Road, London, SE3 7BD, United Kingdom.
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.
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.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.
Tangible fixed assets and depreciation
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual
value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
three years
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
1,076
Africa Advisory Limited
Notes to the Accounts
for the year ended 31 March 2022
5
Investments
Other investments
Valuation at 1 April 2021
-
Valuation at 31 March 2022
30,000
Amounts falling due within one year
Other debtors
13,124
2,080
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
7,800
2,491
Taxes and social security
1,144
13,308
8
Creditors: amounts falling due after more than one year
2022
2021
9
Transactions with related parties
There were no material transactions with directors and shareholders that were not conducted under normal market conditions. The amounts owed by the directors are included within other debtors. The balance is payable on demand and interest of £114.39 has been charged.
10
Average number of employees
During the year the average number of employees was 0 (2021: 0).