Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-3021true2020-12-01falseNo description of principal activity28trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC417602 2020-12-01 2021-11-30 OC417602 2019-12-01 2020-11-30 OC417602 2021-11-30 OC417602 2020-11-30 OC417602 c:Buildings c:LongLeaseholdAssets 2020-12-01 2021-11-30 OC417602 c:Buildings c:LongLeaseholdAssets 2021-11-30 OC417602 c:Buildings c:LongLeaseholdAssets 2020-11-30 OC417602 c:ComputerEquipment 2020-12-01 2021-11-30 OC417602 c:ComputerEquipment 2021-11-30 OC417602 c:ComputerEquipment 2020-11-30 OC417602 c:ComputerEquipment c:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 OC417602 c:OtherPropertyPlantEquipment 2020-12-01 2021-11-30 OC417602 c:OtherPropertyPlantEquipment 2021-11-30 OC417602 c:OtherPropertyPlantEquipment 2020-11-30 OC417602 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 OC417602 c:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 OC417602 c:CurrentFinancialInstruments 2021-11-30 OC417602 c:CurrentFinancialInstruments 2020-11-30 OC417602 c:Non-currentFinancialInstruments 2021-11-30 OC417602 c:Non-currentFinancialInstruments 2020-11-30 OC417602 c:CurrentFinancialInstruments c:WithinOneYear 2021-11-30 OC417602 c:CurrentFinancialInstruments c:WithinOneYear 2020-11-30 OC417602 c:Non-currentFinancialInstruments c:AfterOneYear 2021-11-30 OC417602 c:Non-currentFinancialInstruments c:AfterOneYear 2020-11-30 OC417602 d:FRS102 2020-12-01 2021-11-30 OC417602 d:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 OC417602 d:FullAccounts 2020-12-01 2021-11-30 OC417602 d:LimitedLiabilityPartnershipLLP 2020-12-01 2021-11-30 OC417602 d:PartnerLLP1 2020-12-01 2021-11-30 OC417602 d:PartnerLLP2 2020-12-01 2021-11-30 OC417602 c:FurtherSpecificReserve2ComponentTotalEquity 2021-11-30 OC417602 c:FurtherSpecificReserve2ComponentTotalEquity 2020-11-30 OC417602 c:FurtherSpecificReserve3ComponentTotalEquity 2021-11-30 OC417602 c:FurtherSpecificReserve3ComponentTotalEquity 2020-11-30 iso4217:GBP xbrli:pure
Company registration number: OC417602







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2021


AKASHCO LLP






































img3079.png                        

 


AKASHCO LLP
 



INFORMATION





Designated members

J S Ahmed
S F Ahmed


LLP registered number

OC417602

Registered office

99 - 101 The Akash RestaurantAlbert RoadSouthseaHampshirePO5 2SG

Accountants

Menzies LLP3000a ParkwayWhiteleyHampshirePO15 7FX


 


AKASHCO LLP
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


AKASHCO LLP
REGISTERED NUMBER:OC417602



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
63,795
53,459

  
63,795
53,459

Current assets
  

Stocks
  
7,175
7,250

Debtors: amounts falling due within one year
 5 
15,906
6,121

Cash at bank and in hand
  
28,299
81,878

  
51,380
95,249

Creditors: Amounts Falling Due Within One Year
 6 
(60,991)
(40,668)

Net current (liabilities)/assets
  
 
 
(9,611)
 
 
54,581

Total assets less current liabilities
  
54,184
108,040

Creditors: amounts falling due after more than one year
 7 
-
(50,000)

  
54,184
58,040

  

Net assets attributable to members
  
54,184
58,040


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
54,182
58,040

  
54,182
58,040

Members' other interests
  

Other reserves classified as equity
  
2
-

  
 
2
 
-

  
54,184
58,040


Total members' interests
  

Loans and other debts due to members
 8 
54,182
58,040

Members' other interests
  
2
-

  
54,184
58,040


Page 1

 


AKASHCO LLP
REGISTERED NUMBER:OC417602


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2021

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 19 August 2022.




................................................
J S Ahmed
Designated member

The notes on pages 3 to 7 form part of these financial statements.

Akashco LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 


AKASHCO LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1.


General information

Akashco LLP is a Limited Liability Partnership registered in England & Wales. The LLP's registered number and registered office address can be found on the Company Information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 


AKASHCO LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property improvements
-
10%
straight line
Computer equipment
-
33%
straight line
Equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.7

Stocks

Stocks are stated at cost price.

Page 4

 


AKASHCO LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

  
2.8

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the
members' agreement (for example, in respect of amounts subscribed or otherwise contributed,
remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those
that are, from the LLP's perspective, either a financial liability or equity, in accordance
with Section 22 of FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any
payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are
classed as equity if the LLP has an unconditional right to refuse payment to members. If the
LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an
unconditional right to refuse payment, the amounts arising that are due to members are in
the nature of liabilities. They are therefore treated as an expense in the Statement of 
comprehensive income in the relevant year. To the extent that they remain unpaid at the year end,
they are shown as liabilities in the Statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative,
so that the LLP has an unconditional right to refuse payment, such profits are classed as
an appropriation of equity rather than as an expense. They are therefore shown as a residual
amount available for discretionary division among members in the Statement of comprehensive
income and are equity appropriations in the Statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract
and interest on capital balances, are treated in the same way as all other divisions of profits,
as described above, according to whether the LLP has, in each case, an unconditional right
to refuse payment.
All amounts due to members that are classified as liabilities are presented in the
Statement of financial position within 'Loans and other debts due to members' and are charged
to the Statement of comprehensive income within 'Members' remuneration charged as an expense'. 
Amounts due to members that are classified as equity are shown in the Statement of financial
position within 'Members' other interests'.


3.


Employees

The average monthly number of employees during the year was as follows:


        2021
        2020
            No.
            No.







Staff
21
28

Page 5

 


AKASHCO LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

4.


Tangible fixed assets





Leasehold property Improvement
Computer equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 December 2020
55,425
2,044
14,860
72,329


Additions
20,286
1,513
-
21,799



At 30 November 2021

75,711
3,557
14,860
94,128



Depreciation


At 1 December 2020
5,542
1,370
11,958
18,870


Charge for the year on owned assets
7,571
1,178
2,714
11,463



At 30 November 2021

13,113
2,548
14,672
30,333



Net book value



At 30 November 2021
62,598
1,009
188
63,795



At 30 November 2020
49,883
674
2,902
53,459


5.


Debtors

2021
2020
£
£


Trade debtors
11,253
4,823

Other debtors
1,743
-

Prepayments and accrued income
2,910
1,298

15,906
6,121


Page 6

 


AKASHCO LLP
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
13,741
-

Trade creditors
26,197
16,886

Other taxation and social security
12,671
18,449

Other creditors
5,559
3,082

Accruals and deferred income
2,823
2,251

60,991
40,668



7.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
-
50,000

-
50,000



8.


Loans and other debts due to members


2021
2020
£
£



Amounts due to members in respect of profits
54,182
58,040

54,182
58,040

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.



Page 7