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Company Registration No. 09727787 (England and Wales)
AK Transport (BG) Limited Unaudited accounts for the year ended 31 March 2023
AK Transport (BG) Limited Unaudited accounts Contents
Page
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AK Transport (BG) Limited Company Information for the year ended 31 March 2023
Director
Mr Aleksandar Kanurov
Company Number
09727787 (England and Wales)
Registered Office
30 ST. PAULS CLOSE ROCHESTER KENT ME2 2QH UNITED KINGDOM
Accountants
Prody Books Ltd The Old Library St Faith's Street Maidstone Kent ME14 1LH
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AK Transport (BG) Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
332,251 
216,163 
Current assets
Debtors
164,803 
163,498 
Cash at bank and in hand
33,292 
12,121 
198,095 
175,619 
Creditors: amounts falling due within one year
(247,975)
(107,652)
Net current (liabilities)/assets
(49,880)
67,967 
Total assets less current liabilities
282,371 
284,130 
Creditors: amounts falling due after more than one year
(284,168)
(213,698)
Provisions for liabilities
Deferred tax
(48,405)
- 
Net (liabilities)/assets
(50,202)
70,432 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(50,302)
70,332 
Shareholders' funds
(50,202)
70,432 
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 10 October 2023 and were signed on its behalf by
Mr Aleksandar Kanurov Director Company Registration No. 09727787
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AK Transport (BG) Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
AK Transport (BG) Limited is a private company, limited by shares, registered in England and Wales, registration number 09727787. The registered office is 30 ST. PAULS CLOSE, ROCHESTER, KENT, ME2 2QH, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25 % reducing balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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AK Transport (BG) Limited Notes to the Accounts for the year ended 31 March 2023
Financial instruments
Basic financial instruments are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method, unless the arrangements constitutes a financing transaction, where the transaction is measured at fair value. Financial instruments classified as receivable/payable within one year are not amortised.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
312,439 
25,441 
2,747 
5,247 
345,874 
Additions
138,000 
54,093 
- 
- 
192,093 
Disposals
- 
(25,441)
- 
- 
(25,441)
At 31 March 2023
450,439 
54,093 
2,747 
5,247 
512,526 
Depreciation
At 1 April 2022
106,943 
18,444 
1,945 
2,379 
129,711 
Charge for the year
57,124 
10,967 
200 
717 
69,008 
On disposals
- 
(18,444)
- 
- 
(18,444)
At 31 March 2023
164,067 
10,967 
2,145 
3,096 
180,275 
Net book value
At 31 March 2023
286,372 
43,126 
602 
2,151 
332,251 
At 31 March 2022
205,496 
6,997 
802 
2,868 
216,163 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
58,008 
42,811 
Trade debtors
81,714 
94,867 
Other debtors
25,081 
25,820 
164,803 
163,498 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
84,177 
26,608 
Obligations under finance leases and hire purchase contracts
97,257 
49,674 
Trade creditors
20,429 
28,201 
Taxes and social security
1,693 
1,578 
Other creditors
42,719 
51 
Accruals
1,700 
1,540 
247,975 
107,652 
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AK Transport (BG) Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
87,306 
117,207 
Obligations under finance leases and hire purchase contracts
196,862 
96,491 
284,168 
213,698 
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
48,405 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
48,405 
- 
Provision at end of year
48,405 
- 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
28,496 
Later than one year and not later than five years
- 
14,248 
- 
42,744 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Aleksandar Kanurov
Loan to director
5,920 
9,930 
5,920 
9,930 
5,920 
9,930 
5,920 
9,930 
12
Transactions with related parties
Dividends totaling £ NIL ( 2021 - £NIL ) were paid in the year in respect of shares held by the company's directors.
13
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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