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Unaudited Financial Statements |
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for the Period 1 July 2021 to 30 April 2022 |
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for |
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AFS BIOMASS LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 July 2021 to 30 April 2022 |
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for |
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AFS BIOMASS LIMITED |
AFS BIOMASS LIMITED (REGISTERED NUMBER: 07918329) |
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Contents of the Financial Statements |
for the Period 1 July 2021 to 30 April 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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AFS BIOMASS LIMITED |
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Company Information |
for the Period 1 July 2021 to 30 April 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Century Buildings |
14 St Mary's Parsonage |
Manchester |
M3 2DF |
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BANKERS: |
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11 Stamford New Road |
Altrincham |
Cheshire |
WA14 1BW |
AFS BIOMASS LIMITED (REGISTERED NUMBER: 07918329) |
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Balance Sheet |
30 April 2022 |
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30.4.22 | 30.6.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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AFS BIOMASS LIMITED (REGISTERED NUMBER: 07918329) |
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Notes to the Financial Statements |
for the Period 1 July 2021 to 30 April 2022 |
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1. | STATUTORY INFORMATION |
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AFS Biomass Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Tangible fixed assets are initially recorded at cost. |
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Government grants |
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model. |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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Operating lease 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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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AFS BIOMASS LIMITED (REGISTERED NUMBER: 07918329) |
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Notes to the Financial Statements - continued |
for the Period 1 July 2021 to 30 April 2022 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2021 |
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Additions |
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At 30 April 2022 |
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DEPRECIATION |
At 1 July 2021 |
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Charge for period |
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At 30 April 2022 |
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NET BOOK VALUE |
At 30 April 2022 |
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At 30 June 2021 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.22 | 30.6.21 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.22 | 30.6.21 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.4.22 | 30.6.21 |
£ | £ |
Bank loans |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.4.22 | 30.6.21 |
£ | £ |
Within one year |
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Between one and five years |
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AFS BIOMASS LIMITED (REGISTERED NUMBER: 07918329) |
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Notes to the Financial Statements - continued |
for the Period 1 July 2021 to 30 April 2022 |
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9. | RELATED PARTY DISCLOSURES |
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At the balance sheet date the company was owed by its' directors an amount of £17,821. This loan is unsecured and has no fixed terms for repayment. Interest has been charged on this loan at market rate. |