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
AKA (UK) Limitem Ltd
Company Information
for the year ended 30 April 2023
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
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
AKA (UK) Limitem Ltd
Statement of financial position
as at 30 April 2023
Tangible assets
40,277
48,648
Inventories
402,190
456,650
Cash at bank and in hand
313,328
195,261
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
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
AKA (UK) Limitem Ltd
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
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
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
At 30 April 2023
24,263
14,364
1,650
40,277
At 30 April 2022
27,296
19,152
2,200
48,648
Amounts falling due within one year
Accrued income and prepayments
553
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
348
348
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
7
Creditors: amounts falling due after more than one year
2023
2022
Trade creditors
9,271
13,266
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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).