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REGISTERED NUMBER: 03063359 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

AKG FINANCIAL ANALYTICS LTD

AKG FINANCIAL ANALYTICS LTD (REGISTERED NUMBER: 03063359)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AKG FINANCIAL ANALYTICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: G R J Bown
D B Holtham
A G Roberts
G S J Vanner
M P Ward
D D J Johnston





SECRETARY: G S J Vanner





REGISTERED OFFICE: Anderton House
92 South Street
Dorking
Surrey
RH4 2EW





REGISTERED NUMBER: 03063359 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

AKG FINANCIAL ANALYTICS LTD (REGISTERED NUMBER: 03063359)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 346,359 341,319

CURRENT ASSETS
Work in progress 3,357 7,086
Debtors 5 315,184 266,670
Cash at bank and in hand 175,830 215,725
494,371 489,481
CREDITORS
Amounts falling due within one year 6 712,182 705,079
NET CURRENT LIABILITIES (217,811 ) (215,598 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,548

125,721

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 128,348 125,521
SHAREHOLDERS' FUNDS 128,548 125,721

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 25 October 2023 and were signed on its behalf by:




G R J Bown - Director


AKG FINANCIAL ANALYTICS LTD (REGISTERED NUMBER: 03063359)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

AKG Financial Analytics 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 represents the invoiced value of services rendered by the Company, net of value added tax. Where services are invoiced in advance of service delivery, then the value of those services are carried forward in current liabilities.

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

The company does not depreciate its long leasehold property on the grounds that the estimated residual value exceeds the carrying value in the Financial Statements.

Work in progress
Work in progress represents work undertaken on projects which were not complete or due for invoicing at the Balance Sheet date, and is valued at the lower of cost and net realisable value. Cost includes all direct costs, and an appropriate proportion of the fixed and variable overheads.

Pension costs and other post-retirement benefits
The company has previously operated a defined contribution pension scheme. Contributions were charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.

3. EMPLOYEES AND DIRECTORS

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

AKG FINANCIAL ANALYTICS LTD (REGISTERED NUMBER: 03063359)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Fixtures Computer
Long and and office
leasehold fittings equipment Totals
£ £ £ £
COST
At 1 June 2022 337,660 30,375 79,895 447,930
Additions - - 9,345 9,345
At 31 May 2023 337,660 30,375 89,240 457,275
DEPRECIATION
At 1 June 2022 - 29,996 76,615 106,611
Charge for year - 379 3,926 4,305
At 31 May 2023 - 30,375 80,541 110,916
NET BOOK VALUE
At 31 May 2023 337,660 - 8,699 346,359
At 31 May 2022 337,660 379 3,280 341,319

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 296,427 249,493
Prepayments 18,757 17,177
315,184 266,670

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 10,113 19,597
Amounts owed to group undertakings 240,511 248,991
Corporation tax - 92
VAT 78,294 67,685
Accrued expenses 14,280 14,104
Fees invoiced in advance 368,984 354,610
712,182 705,079

7. RELATED PARTY DISCLOSURES

During the year, the company paid management charges to its parent company, AKG Group Limited, amounting to £825,169 (2022: £853,042).

At the end of the financial year, an amount of £240,511 (2022: £248,991) was due to the parent company.