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REGISTERED NUMBER: 05683649 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

A K REFRIGERATION LIMITED

A K REFRIGERATION LIMITED (REGISTERED NUMBER: 05683649)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A K REFRIGERATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: D M Duffield
C K Duffield





SECRETARY: C K Duffield





REGISTERED OFFICE: Woodford House
Middle Street
Kilham
Driffield
East Yorkshire
YO25 4RL





REGISTERED NUMBER: 05683649 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

A K REFRIGERATION LIMITED (REGISTERED NUMBER: 05683649)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,349 53,447
38,349 53,447

CURRENT ASSETS
Stocks 3,021 3,021
Debtors 6 48,269 65,119
Cash at bank and in hand 23,774 13,915
75,064 82,055
CREDITORS
Amounts falling due within one year 7 68,045 76,860
NET CURRENT ASSETS 7,019 5,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,368

58,642

CREDITORS
Amounts falling due after more than one year 8 (38,014 ) (50,350 )

PROVISIONS FOR LIABILITIES (7,143 ) (7,904 )
NET ASSETS 211 388

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 111 288
SHAREHOLDERS' FUNDS 211 388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

A K REFRIGERATION LIMITED (REGISTERED NUMBER: 05683649)

BALANCE SHEET - continued
31 JANUARY 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:





D M Duffield - Director


A K REFRIGERATION LIMITED (REGISTERED NUMBER: 05683649)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

A K Refrigeration 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of seven years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 10% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


A K REFRIGERATION LIMITED (REGISTERED NUMBER: 05683649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 161,922
AMORTISATION
At 1 February 2022
and 31 January 2023 161,922
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

A K REFRIGERATION LIMITED (REGISTERED NUMBER: 05683649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2022 12,663 20,577 72,161 105,401
Additions - 1,862 - 1,862
At 31 January 2023 12,663 22,439 72,161 107,263
DEPRECIATION
At 1 February 2022 - 16,798 35,156 51,954
Charge for year 1,266 2,037 13,657 16,960
At 31 January 2023 1,266 18,835 48,813 68,914
NET BOOK VALUE
At 31 January 2023 11,397 3,604 23,348 38,349
At 31 January 2022 12,663 3,779 37,005 53,447

The net book value of tangible fixed assets includes £ 5,417 (2022 - £ 18,349 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 26,277 44,267
Other debtors 21,992 20,852
48,269 65,119

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 10,694 16,652
Hire purchase contracts 2,447 3,125
Trade creditors 22,962 25,302
Taxation and social security 24,318 28,464
Other creditors 7,624 3,317
68,045 76,860

A K REFRIGERATION LIMITED (REGISTERED NUMBER: 05683649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 34,549 45,006
Hire purchase contracts 3,465 5,344
38,014 50,350

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 45,243 55,300
Hire purchase contracts 5,912 8,469
51,155 63,769

10. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
D M Duffield
Balance outstanding at start of year 11,860 5,568
Amounts advanced 5,638 6,292
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,498 11,860