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REGISTERED NUMBER: 08600378 (England and Wales)


Financial Statements for the Year Ended 31 July 2023

for

AKB Estates Limited

AKB Estates Limited (Registered number: 08600378)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AKB Estates Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr Ashok Kumar Bhudia





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 08600378 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

AKB Estates Limited (Registered number: 08600378)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 72,254 72,254
Property, plant and equipment 5 55,771 66,743
128,025 138,997

CURRENT ASSETS
Inventories 38,230 35,454
Debtors 6 878 52
Cash at bank and in hand 30,422 22,101
69,530 57,607
CREDITORS
Amounts falling due within one year 7 163,551 151,195
NET CURRENT LIABILITIES (94,021 ) (93,588 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,004

45,409

CREDITORS
Amounts falling due after more than one
year

8

34,167

44,167
NET (LIABILITIES)/ASSETS (163 ) 1,242

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (263 ) 1,142
SHAREHOLDERS' FUNDS (163 ) 1,242

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AKB Estates Limited (Registered number: 08600378)

Statement of Financial Position - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 November 2023 and were signed by:





Mr Ashok Kumar Bhudia - Director


AKB Estates Limited (Registered number: 08600378)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

AKB Estates 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
Revenue 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 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - 20% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 72,254
NET BOOK VALUE
At 31 July 2023 72,254
At 31 July 2022 72,254

AKB Estates Limited (Registered number: 08600378)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2022 103,673
Additions 2,970
At 31 July 2023 106,643
DEPRECIATION
At 1 August 2022 36,930
Charge for year 13,942
At 31 July 2023 50,872
NET BOOK VALUE
At 31 July 2023 55,771
At 31 July 2022 66,743

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors - 52
Other debtors 878 -
878 52

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 38,262 24,481
Taxation and social security 1,980 115
Other creditors 123,309 126,599
163,551 151,195

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 34,167 44,167

AKB Estates Limited (Registered number: 08600378)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year, the company has to pay rent of £26,400 (2022:£30,000) in respect of the business property owned by the director.