Registered number
08156640
AK KITCHENS LTD
Filleted Accounts
31 July 2023
AK KITCHENS LTD
Registered number: 08156640
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,492 5,163
Current assets
Cash at bank and in hand 20,117 27,505
Creditors: amounts falling due within one year 4 (7,592) (7,063)
Net current assets 12,525 20,442
Total assets less current liabilities 16,017 25,605
Creditors: amounts falling due after more than one year 5 (7,239) (9,764)
Net assets 8,778 15,841
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,678 15,741
Shareholder's funds 8,778 15,841
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.
A M Kilifin
Director
Approved by the board on 10 October 2023
AK KITCHENS LTD
Notes to the Accounts
for the year ended 31 July 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).
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:
Tools and equipment 20% on the reducing balance basis
Motor vehicles 20% on the reducing balance basis
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Tools and equipment Motor vehicles Total
£ £ £
Cost
At 1 August 2022 3,000 20,968 23,968
Disposals - (1,950) (1,950)
At 31 July 2023 3,000 19,018 22,018
Depreciation
At 1 August 2022 2,624 16,181 18,805
Charge for the year 75 798 873
On disposals - (1,152) (1,152)
At 31 July 2023 2,699 15,827 18,526
Net book value
At 31 July 2023 301 3,191 3,492
At 31 July 2022 376 4,787 5,163
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors and accruals 1,907 2,115
Taxation 5,303 3,598
Director's loan account 382 1,350
7,592 7,063
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan 7,239 9,764
6 Other information
AK KITCHENS LTD is a private company limited by shares and incorporated in England. Its registered office is:
2 Collingham Park
Scotforth
Lancaster
LA1 4PD
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