REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2023 |
FOR |
AKG FINANCIAL ANALYTICS LTD |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Work in progress |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Fixtures and fittings | - |
Computer and office equipment | - |
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 |
Additions |
At 31 May 2023 |
DEPRECIATION |
At 1 June 2022 |
Charge for year |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 31 May 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Corporation tax |
VAT | 78,294 | 67,685 |
Accrued expenses |
Fees invoiced in advance | 368,984 | 354,610 |
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. |