true
AFA (NI) Limited
NI056591
2016-05-31
353799
328597
353803
328601
4
4
353803
328601
353803
328601
322221
287807
171345
122884
493566
410691
478566
390913
15000
10000
0
9778
31582
40794
31582
40794
Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Plant & Machinery
Reducing balance
0.2000
Fixtures & Fittings
Straight line
0.2500
Motor Vehicles
Reducing balance
0.2000
90728
90728
59146
49934
9212
90728
90728
59146
49934
9212
Ordinary
100000
1
100000
100000
Ordinary
1
4
4
4
2017-05-24
Mr R Duncan
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
AFA (NI) Limited
2015-06-01
2016-05-31
AFA (NI) Limited
2014-06-01
2015-05-31
AFA (NI) Limited
2014-05-31
AFA (NI) Limited
2015-05-31
AFA (NI) Limited
2015-05-31
AFA (NI) Limited
2016-05-31
2017-05-24