Registered number
NI623576
AHK Accounting Ltd
Filleted Accounts
31 March 2023
AHK Accounting Ltd
Registered number: NI623576
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 2,544 1,893
Current assets
Debtors 5 83,144 82,344
Cash at bank and in hand 10,462 4,804
93,606 87,148
Creditors: amounts falling due within one year 6 (52,518) (26,861)
Net current assets 41,088 60,287
Total assets less current liabilities 43,632 62,180
Provisions for liabilities (484) (360)
Net assets 43,148 61,820
Capital and reserves
Called up share capital 20 20
Profit and loss account 43,128 61,800
Shareholder's funds 43,148 61,820
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Anthony Kelly
Director
Approved by the board on 2 November 2023
AHK Accounting Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 93,750
At 31 March 2023 93,750
Amortisation
At 1 April 2022 93,750
At 31 March 2023 93,750
Net book value
At 31 March 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 3,808
Additions 1,455
At 31 March 2023 5,263
Depreciation
At 1 April 2022 1,915
Charge for the year 804
At 31 March 2023 2,719
Net book value
At 31 March 2023 2,544
At 31 March 2022 1,893
5 Debtors 2023 2022
£ £
Trade debtors 37,980 27,180
Other debtors 45,164 55,164
83,144 82,344
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 189 269
Taxation and social security costs 3,640 1,446
Other creditors 48,689 25,146
52,518 26,861
7 Other information
AHK Accounting Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
35b Syerla Road
Dungannon
Tyrone
BT71 7EP
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