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REGISTERED NUMBER: 02634375 (England and Wales)















Affinitus Group Limited

Unaudited Financial Statements for the Year Ended 31 December 2016





Affinitus Group Limited (Registered number: 02634375)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Affinitus Group Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: P J Hardy
Mrs S Korzhuk





REGISTERED OFFICE: Unit 4-5 Grove Dairy Farm
Business Centre
Bobbing Hill
Sittingbourne
Kent
ME9 8NY





REGISTERED NUMBER: 02634375 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG
Affinitus Group Limited (Registered number: 02634375)

Statement of Financial Position
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,793 3,990
Tangible assets 5 210,321 39,359
Investments 6 30,311 161
259,425 43,510

CURRENT ASSETS
Stocks 2,300 2,261
Debtors 7 710,879 276,669
Cash at bank and in hand 265,783 772,552
978,962 1,051,482
CREDITORS
Amounts falling due within one year 8 713,382 656,208
NET CURRENT ASSETS 265,580 395,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,005

438,784

PROVISIONS FOR LIABILITIES 8,519 6,857
NET ASSETS 516,486 431,927

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 506,486 421,927
SHAREHOLDERS' FUNDS 516,486 431,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.
Affinitus Group Limited (Registered number: 02634375)

Statement of Financial Position - continued
31 December 2016


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 26 September 2017 and were signed on its behalf
by:




P J Hardy - Director



Mrs S Korzhuk - Director

Affinitus Group Limited (Registered number: 02634375)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Affinitus Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes. Turnover is derived from licence fees invoiced in advance and partly
deferred.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and
liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and
loans to related parties.

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit
or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes
recognised in profit or loss.

Taxation
Taxation for the year 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 statement of financial position date.

Affinitus Group Limited (Registered number: 02634375)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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 year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2015 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2016 71,695 117,592 189,287
Additions - 20,000 20,000
At 31 December 2016 71,695 137,592 209,287
AMORTISATION
At 1 January 2016 71,695 113,602 185,297
Charge for year - 5,197 5,197
At 31 December 2016 71,695 118,799 190,494
NET BOOK VALUE
At 31 December 2016 - 18,793 18,793
At 31 December 2015 - 3,990 3,990
Affinitus Group Limited (Registered number: 02634375)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2016 - 186,588 186,588
Additions 161,998 23,494 185,492
At 31 December 2016 161,998 210,082 372,080
DEPRECIATION
At 1 January 2016 - 147,229 147,229
Charge for year - 14,530 14,530
At 31 December 2016 - 161,759 161,759
NET BOOK VALUE
At 31 December 2016 161,998 48,323 210,321
At 31 December 2015 - 39,359 39,359

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2016 161
Additions 30,150
At 31 December 2016 30,311
NET BOOK VALUE
At 31 December 2016 30,311
At 31 December 2015 161

7. DEBTORS
2016 2015
£    £   
Amounts falling due within one year:
Trade debtors 332,569 270,553
Other debtors 265,810 6,116
598,379 276,669

Amounts falling due after more than one year:
Other debtors 112,500 -

Aggregate amounts 710,879 276,669
Affinitus Group Limited (Registered number: 02634375)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Payments on account 109,885 200,872
Trade creditors 38,558 36,190
Amounts owed to group undertakings 82,101 61,601
Taxation and social security 58,755 81,343
Other creditors 424,083 276,202
713,382 656,208

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2016 2015
£    £   
Within one year 54,350 49,366
Between one and five years 81,111 111,583
135,461 160,949

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and
31 December 2015:

2016 2015
£    £   
Mrs S Korzhuk
Balance outstanding at start of year 1,770 8,173
Amounts advanced - 17,029
Amounts repaid (1,770 ) (23,432 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,770

11. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £82,000 owed to Merit Technology (UK) Ltd, a 75% subsidiary.

Included within creditors is an amount of £105,000 payable to L Hardy, the spouse of director P Hardy.

12. FIRST YEAR ADOPTION

It is the first year that the company has presented its financial statements under FRS 102. The last financial
statements prepared under previous UK GAAP were for the year ended 31 December 2015 and the date of
transition to FRS 102 was therefore 1 January 2015.

The accounting policies applied under the company's previous accounting framework are not materially different
to FRS 102 and have not impacted on income or the balance sheet.


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