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Company Registration No. 09551104 (England and Wales)
AKA (UK) Limitem Ltd Unaudited accounts for the year ended 30 April 2023
AKA (UK) Limitem Ltd Unaudited accounts Contents
Page
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AKA (UK) Limitem Ltd Company Information for the year ended 30 April 2023
Director
Kun WANG
Company Number
09551104 (England and Wales)
Registered Office
Unit 4 The Nelson Centre Portfield Road Portsmouth PO3 5SF
Accountants
Fortune UK Accountants Ltd 4a Nelson Road London GB SE10 9JB
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of AKA (UK) Limitem Ltd for the year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AKA (UK) Limitem Ltd for the year ended 30 April 2023 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Fortune UK Accountants Ltd Chartered Certified Accountants 4a Nelson Road London GB SE10 9JB 21 November 2023
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AKA (UK) Limitem Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,277 
48,648 
Current assets
Inventories
402,190 
456,650 
Debtors
553 
605 
Cash at bank and in hand
313,328 
195,261 
716,071 
652,516 
Creditors: amounts falling due within one year
(496,121)
(489,809)
Net current assets
219,950 
162,707 
Total assets less current liabilities
260,227 
211,355 
Creditors: amounts falling due after more than one year
(34,613)
(44,829)
Net assets
225,614 
166,526 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
225,514 
166,426 
Shareholders' funds
225,614 
166,526 
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 November 2023 and were signed on its behalf by
Kun WANG Director Company Registration No. 09551104
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AKA (UK) Limitem Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
AKA (UK) Limitem Ltd is a private company, limited by shares, registered in England and Wales, registration number 09551104. The registered office is Unit 4 The Nelson Centre, Portfield Road, Portsmouth, PO3 5SF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
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AKA (UK) Limitem Ltd Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2022
30,329 
25,470 
2,750 
58,549 
At 30 April 2023
30,329 
25,470 
2,750 
58,549 
Depreciation
At 1 May 2022
3,033 
6,318 
550 
9,901 
Charge for the year
3,033 
4,788 
550 
8,371 
At 30 April 2023
6,066 
11,106 
1,100 
18,272 
Net book value
At 30 April 2023
24,263 
14,364 
1,650 
40,277 
At 30 April 2022
27,296 
19,152 
2,200 
48,648 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
553 
- 
Other debtors
- 
605 
553 
605 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
348 
348 
VAT
57,019 
54,439 
Trade creditors
301,320 
300,000 
Taxes and social security
308 
2,216 
Proposed dividends
45,000 
20,000 
Loans from directors
88,271 
108,156 
Accruals
3,855 
4,650 
496,121 
489,809 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,342 
31,563 
Trade creditors
9,271 
13,266 
34,613 
44,829 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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AKA (UK) Limitem Ltd Notes to the Accounts for the year ended 30 April 2023
9
Average number of employees
During the year the average number of employees was 16 (2022: 11).
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