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REGISTERED NUMBER: 03752640 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

AKG GROUP LIMITED

AKG GROUP LIMITED (REGISTERED NUMBER: 03752640)

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 GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: G R J Bown
D B Holtham
A G Roberts
G S J Vanner





SECRETARY: G S J Vanner





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





REGISTERED NUMBER: 03752640 (England and Wales)





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

AKG GROUP LIMITED (REGISTERED NUMBER: 03752640)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 327,500 327,500

CURRENT ASSETS
Debtors 5 247,233 255,781
Cash at bank 127,996 116,270
375,229 372,051
CREDITORS
Amounts falling due within one year 6 41,090 55,107
NET CURRENT ASSETS 334,139 316,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

661,639

644,444

CAPITAL AND RESERVES
Called up share capital 42,077 42,077
Share premium 7 33,274 33,274
Capital redemption reserve 7 150,125 150,125
Retained earnings 7 436,163 418,968
SHAREHOLDERS' FUNDS 661,639 644,444

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 GROUP LIMITED (REGISTERED NUMBER: 03752640)

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


1. STATUTORY INFORMATION

AKG Group Limited 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.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost less any provision for impairment.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Investments held as fixed assets are stated at cost unless the directors consider the value of the investment not to be recoverable, in which case the adjustment is taken to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group Interest in
undertakings associate Totals
£ £ £
COST
At 1 June 2022
and 31 May 2023 516,609 77,500 594,109
PROVISIONS
At 1 June 2022
and 31 May 2023 266,609 - 266,609
NET BOOK VALUE
At 31 May 2023 250,000 77,500 327,500
At 31 May 2022 250,000 77,500 327,500

AKG GROUP LIMITED (REGISTERED NUMBER: 03752640)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings 240,511 248,991
Other debtors 4,387 4,387
VAT 45 45
Prepayments 2,290 2,358
247,233 255,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Corporation tax - 4
Social security and other taxes 23,572 23,881
Accrued expenses 17,518 31,222
41,090 55,107

7. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£ £ £ £

At 1 June 2022 418,968 33,274 150,125 602,367
Profit for the year 17,195 17,195
At 31 May 2023 436,163 33,274 150,125 619,562

8. RELATED PARTY DISCLOSURES

During the year, the company made management charges to its subsidiary, AKG Financial Analytics Ltd, amounting to £825,169 (2022: £853,042).

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

9. POST BALANCE SHEET EVENTS

Prior to signing the financial statements, the shareholders are in advanced discussions with a third party, which may result in the sale of the company.