Registered number
10658721
AK Urbanism Limited
Filleted Accounts
31 March 2023
AK Urbanism Limited
Registered number: 10658721
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,155 1,085
Current assets
Debtors 4 88,466 86,772
Cash at bank and in hand 61,568 27,727
150,034 114,499
Creditors: amounts falling due within one year 5 (26,549) (12,970)
Net current assets 123,485 101,529
Net assets 124,640 102,614
Capital and reserves
Called up share capital 100 100
Profit and loss account 124,540 102,514
Shareholder's funds 124,640 102,614
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M A Keown
Director
Approved by the board on 30 November 2023
AK Urbanism Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2022 7,441
Additions 574
At 31 March 2023 8,015
Depreciation
At 1 April 2022 6,356
Charge for the year 504
At 31 March 2023 6,860
Net book value
At 31 March 2023 1,155
At 31 March 2022 1,085
4 Debtors 2023 2022
£ £
Trade debtors 88,466 86,772
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 24,549 10,970
Other creditors 2,000 2,000
26,549 12,970
6 Controlling party
The company is controlled by the director.
7 Other information
AK Urbanism Limited is a private company limited by shares and incorporated in England. Its registered office is:
Apartment 5 Brook House
Belworth Drive
Hatherley
Cheltenham
Glos
AK Urbanism Limited 10658721 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 M A Keown No description of principal activity 10658721 2021-04-01 2022-03-31 10658721 core:WithinOneYear 2022-03-31 10658721 core:ShareCapital 2022-03-31 10658721 core:RetainedEarningsAccumulatedLosses 2022-03-31 10658721 2022-04-01 2023-03-31 10658721 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10658721 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10658721 bus:Director40 2022-04-01 2023-03-31 10658721 1 2022-04-01 2023-03-31 10658721 2 2022-04-01 2023-03-31 10658721 core:PlantMachinery 2022-04-01 2023-03-31 10658721 countries:England 2022-04-01 2023-03-31 10658721 bus:FRS102 2022-04-01 2023-03-31 10658721 bus:FullAccounts 2022-04-01 2023-03-31 10658721 2023-03-31 10658721 core:WithinOneYear 2023-03-31 10658721 core:ShareCapital 2023-03-31 10658721 core:RetainedEarningsAccumulatedLosses 2023-03-31 10658721 core:PlantMachinery 2023-03-31 10658721 2022-03-31 10658721 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure