2022-06-012023-05-312023-05-31false07633943A&K TRADERS (MCR) LTD2023-08-2941201iso4217:GBPxbrli:pure076339432022-06-01076339432023-05-31076339432022-06-012023-05-31076339432021-06-01076339432022-05-31076339432021-06-012022-05-3107633943bus:SmallEntities2022-06-012023-05-3107633943bus:AuditExempt-NoAccountantsReport2022-06-012023-05-3107633943bus:FullAccounts2022-06-012023-05-3107633943bus:PrivateLimitedCompanyLtd2022-06-012023-05-3107633943core:WithinOneYear2023-05-3107633943core:AfterOneYear2023-05-3107633943core:WithinOneYear2022-05-3107633943core:AfterOneYear2022-05-3107633943core:ShareCapital2023-05-3107633943core:SharePremium2023-05-3107633943core:RevaluationReserve2023-05-3107633943core:OtherReservesSubtotal2023-05-3107633943core:RetainedEarningsAccumulatedLosses2023-05-3107633943core:ShareCapital2022-05-3107633943core:SharePremium2022-05-3107633943core:RevaluationReserve2022-05-3107633943core:OtherReservesSubtotal2022-05-3107633943core:RetainedEarningsAccumulatedLosses2022-05-3107633943core:LandBuildings2023-05-3107633943core:PlantMachinery2023-05-3107633943core:Vehicles2023-05-3107633943core:FurnitureFittings2023-05-3107633943core:OfficeEquipment2023-05-3107633943core:NetGoodwill2023-05-3107633943core:IntangibleAssetsOtherThanGoodwill2023-05-3107633943core:ListedExchangeTraded2023-05-3107633943core:UnlistedNon-exchangeTraded2023-05-3107633943core:LandBuildings2022-05-3107633943core:PlantMachinery2022-05-3107633943core:Vehicles2022-05-3107633943core:FurnitureFittings2022-05-3107633943core:OfficeEquipment2022-05-3107633943core:NetGoodwill2022-05-3107633943core:IntangibleAssetsOtherThanGoodwill2022-05-3107633943core:ListedExchangeTraded2022-05-3107633943core:UnlistedNon-exchangeTraded2022-05-3107633943core:LandBuildings2022-06-012023-05-3107633943core:PlantMachinery2022-06-012023-05-3107633943core:Vehicles2022-06-012023-05-3107633943core:FurnitureFittings2022-06-012023-05-3107633943core:OfficeEquipment2022-06-012023-05-3107633943core:NetGoodwill2022-06-012023-05-3107633943core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3107633943core:ListedExchangeTraded2022-06-012023-05-3107633943core:UnlistedNon-exchangeTraded2022-06-012023-05-3107633943core:MoreThanFiveYears2022-06-012023-05-3107633943core:Non-currentFinancialInstruments2023-05-3107633943core:Non-currentFinancialInstruments2022-05-3107633943dpl:CostSales2022-06-012023-05-3107633943dpl:DistributionCosts2022-06-012023-05-3107633943core:LandBuildings2022-06-012023-05-3107633943core:PlantMachinery2022-06-012023-05-3107633943core:Vehicles2022-06-012023-05-3107633943core:FurnitureFittings2022-06-012023-05-3107633943core:OfficeEquipment2022-06-012023-05-3107633943dpl:AdministrativeExpenses2022-06-012023-05-3107633943core:NetGoodwill2022-06-012023-05-3107633943core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3107633943dpl:GroupUndertakings2022-06-012023-05-3107633943dpl:ParticipatingInterests2022-06-012023-05-3107633943dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3107633943core:ListedExchangeTraded2022-06-012023-05-3107633943dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3107633943core:UnlistedNon-exchangeTraded2022-06-012023-05-3107633943dpl:CostSales2021-06-012022-05-3107633943dpl:DistributionCosts2021-06-012022-05-3107633943core:LandBuildings2021-06-012022-05-3107633943core:PlantMachinery2021-06-012022-05-3107633943core:Vehicles2021-06-012022-05-3107633943core:FurnitureFittings2021-06-012022-05-3107633943core:OfficeEquipment2021-06-012022-05-3107633943dpl:AdministrativeExpenses2021-06-012022-05-3107633943core:NetGoodwill2021-06-012022-05-3107633943core:IntangibleAssetsOtherThanGoodwill2021-06-012022-05-3107633943dpl:GroupUndertakings2021-06-012022-05-3107633943dpl:ParticipatingInterests2021-06-012022-05-3107633943dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-012022-05-3107633943core:ListedExchangeTraded2021-06-012022-05-3107633943dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-012022-05-3107633943core:UnlistedNon-exchangeTraded2021-06-012022-05-3107633943core:NetGoodwill2023-05-3107633943core:IntangibleAssetsOtherThanGoodwill2023-05-3107633943core:LandBuildings2023-05-3107633943core:PlantMachinery2023-05-3107633943core:Vehicles2023-05-3107633943core:FurnitureFittings2023-05-3107633943core:OfficeEquipment2023-05-3107633943core:AfterOneYear2023-05-3107633943core:WithinOneYear2023-05-3107633943core:ListedExchangeTraded2023-05-3107633943core:UnlistedNon-exchangeTraded2023-05-3107633943core:ShareCapital2023-05-3107633943core:SharePremium2023-05-3107633943core:RevaluationReserve2023-05-3107633943core:OtherReservesSubtotal2023-05-3107633943core:RetainedEarningsAccumulatedLosses2023-05-3107633943core:NetGoodwill2022-05-3107633943core:IntangibleAssetsOtherThanGoodwill2022-05-3107633943core:LandBuildings2022-05-3107633943core:PlantMachinery2022-05-3107633943core:Vehicles2022-05-3107633943core:FurnitureFittings2022-05-3107633943core:OfficeEquipment2022-05-3107633943core:AfterOneYear2022-05-3107633943core:WithinOneYear2022-05-3107633943core:ListedExchangeTraded2022-05-3107633943core:UnlistedNon-exchangeTraded2022-05-3107633943core:ShareCapital2022-05-3107633943core:SharePremium2022-05-3107633943core:RevaluationReserve2022-05-3107633943core:OtherReservesSubtotal2022-05-3107633943core:RetainedEarningsAccumulatedLosses2022-05-3107633943core:NetGoodwill2021-06-0107633943core:IntangibleAssetsOtherThanGoodwill2021-06-0107633943core:LandBuildings2021-06-0107633943core:PlantMachinery2021-06-0107633943core:Vehicles2021-06-0107633943core:FurnitureFittings2021-06-0107633943core:OfficeEquipment2021-06-0107633943core:AfterOneYear2021-06-0107633943core:WithinOneYear2021-06-0107633943core:ListedExchangeTraded2021-06-0107633943core:UnlistedNon-exchangeTraded2021-06-0107633943core:ShareCapital2021-06-0107633943core:SharePremium2021-06-0107633943core:RevaluationReserve2021-06-0107633943core:OtherReservesSubtotal2021-06-0107633943core:RetainedEarningsAccumulatedLosses2021-06-0107633943core:AfterOneYear2022-06-012023-05-3107633943core:WithinOneYear2022-06-012023-05-3107633943core:Non-currentFinancialInstrumentscore:CostValuation2022-06-012023-05-3107633943core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-06-012023-05-3107633943core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-06-012023-05-3107633943core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-06-012023-05-3107633943core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-06-012023-05-3107633943core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-06-012023-05-3107633943core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-06-012023-05-3107633943core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-06-012023-05-3107633943core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-06-012023-05-3107633943core:Non-currentFinancialInstrumentscore:CostValuation2023-05-3107633943core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-3107633943core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-3107633943core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-3107633943core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-3107633943core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-3107633943core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-3107633943core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-3107633943core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-3107633943core:Non-currentFinancialInstrumentscore:CostValuation2022-05-3107633943core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-05-3107633943core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-05-3107633943core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-05-3107633943core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-05-3107633943core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-05-3107633943core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-05-3107633943core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-05-3107633943core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-05-3107633943bus:Director12022-06-012023-05-3107633943bus:Director22022-06-012023-05-3107633943core:FurnitureFittingsToolsEquipment2022-05-3107633943core:FurnitureFittingsToolsEquipment2022-06-012023-05-3107633943core:FurnitureFittingsToolsEquipment2023-05-31

A&K TRADERS (MCR) LTD

Registered Number
07633943
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

A&K TRADERS (MCR) LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Directors

CHAUDHARY, Khuram Sajjad Ali
KHURAM, Ghazala

Registered Address

334 Slade Lane
Manchester
M19 2BL

Registered Number

07633943 (England and Wales)
A&K TRADERS (MCR) LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets510,83511,772
10,83511,772
Current assets
Stocks6354,926336,364
Debtors76,8108,651
Cash at bank and on hand1,912843
363,648345,858
Creditors amounts falling due within one year8(208,463)(203,613)
Net current assets (liabilities)155,185142,245
Total assets less current liabilities166,020154,017
Creditors amounts falling due after one year9(33,493)(38,824)
Provisions for liabilities10(728)(788)
Net assets131,799114,405
Capital and reserves
Profit and loss account131,799114,405
Shareholders' funds131,799114,405
The financial statements were approved and authorised for issue by the Board of Directors on 29 August 2023, and are signed on its behalf by:
CHAUDHARY, Khuram Sajjad Ali
Director
Registered Company No. 07633943
A&K TRADERS (MCR) LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings15
Vehicles10
Office Equipment25
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year55
5.Property, plant and equipment

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 June 223,19920,7141,29525,208
Additions-915-915
At 31 May 233,19921,6291,29526,123
Depreciation and impairment
At 01 June 221,31111,26985613,436
Charge for year1881,5541101,852
At 31 May 231,49912,82396615,288
Net book value
At 31 May 231,7008,80632910,835
At 31 May 221,8889,44543911,772
6.Stocks

2023

2022

££
Finished goods354,926336,364
Total354,926336,364
7.Debtors

2023

2022

££
Trade debtors / trade receivables4,5568,651
Prepayments and accrued income2,254-
Total6,8108,651
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.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables106,745120,886
Bank borrowings and overdrafts6,5776,685
Taxation and social security32,05637,845
Other creditors61,13036,772
Accrued liabilities and deferred income1,9551,425
Total208,463203,613
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.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts33,49338,824
Total33,49338,824
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)728788
Total728788