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REGISTERED NUMBER: 05845549 (England and Wales)












Unaudited Financial Statements

for the Year Ended 5 April 2023

for

AKTIS LTD

AKTIS LTD (REGISTERED NUMBER: 05845549)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AKTIS LTD

Company Information
for the Year Ended 5 April 2023







DIRECTORS: T Diamantis
Mrs P Basia





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 05845549 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

AKTIS LTD (REGISTERED NUMBER: 05845549)

Balance Sheet
5 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,430 2,754

CURRENT ASSETS
Debtors 5 23,988 27,308
Cash at bank 15,629 46,256
39,617 73,564
CREDITORS
Amounts falling due within one year 6 11,417 28,303
NET CURRENT ASSETS 28,200 45,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,630

48,015

CREDITORS
Amounts falling due after more than one
year

7

(20,475

)

(23,813

)

PROVISIONS FOR LIABILITIES 8 (760 ) (523 )
NET ASSETS 10,395 23,679

CAPITAL AND RESERVES
Called up share capital 21 21
Retained earnings 10,374 23,658
SHAREHOLDERS' FUNDS 10,395 23,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

AKTIS LTD (REGISTERED NUMBER: 05845549)

Balance Sheet - continued
5 April 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 Board of Directors and authorised for issue on 11 November 2023 and were signed on its behalf by:




Mrs P Basia - Director



T Diamantis - Director


AKTIS LTD (REGISTERED NUMBER: 05845549)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

AKTIS Ltd 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 comprises revenue recognised by the company in respect of services supplied exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

AKTIS LTD (REGISTERED NUMBER: 05845549)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 6 April 2022 4,767
Additions 2,551
Disposals (1,983 )
At 5 April 2023 5,335
DEPRECIATION
At 6 April 2022 2,013
Charge for year 1,028
Eliminated on disposal (1,136 )
At 5 April 2023 1,905
NET BOOK VALUE
At 5 April 2023 3,430
At 5 April 2022 2,754

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 3,418 3,319

Amounts falling due after more than one year:
Other debtors - more than 1 yr 20,570 23,989

Aggregate amounts 23,988 27,308

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,414 3,410
Tax 6,160 12,403
VAT - 10,791
Directors' loan accounts 643 499
Accrued expenses 1,200 1,200
11,417 28,303

AKTIS LTD (REGISTERED NUMBER: 05845549)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,500 3,497
Bank loans - 2-5 years 11,040 7,882
Bank loans more 5 yr by instal 5,935 12,434
20,475 23,813

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,935 12,434

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 760 523

Deferred
tax
£   
Balance at 6 April 2022 523
Accelerated capital allowance 237
Balance at 5 April 2023 760

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as both directors have equal shareholding in the company.