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REGISTERED NUMBER: 07321805 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

AKD Consulting Ltd

AKD Consulting Ltd (Registered number: 07321805)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AKD Consulting Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr K T Woudman
Mrs M M F Woudman



REGISTERED OFFICE: Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE



REGISTERED NUMBER: 07321805 (England and Wales)



ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE



BANKERS: Nat West
24 Church Road
Burgess Hill
West Sussex
RH15 9AF

AKD Consulting Ltd (Registered number: 07321805)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,353 309

CURRENT ASSETS
Debtors 5 120,394 160,122
Cash at bank 21 4
120,415 160,126
CREDITORS
Amounts falling due within one year 6 75,516 127,060
NET CURRENT ASSETS 44,899 33,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,252

33,375

CREDITORS
Amounts falling due after more than one
year

7

19,043

33,331
NET ASSETS 27,209 44

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 27,207 42
SHAREHOLDERS' FUNDS 27,209 44

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

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

AKD Consulting Ltd (Registered number: 07321805)

Statement of Financial Position - continued
31 July 2023


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 18 March 2024 and were signed on its behalf by:





Mr K T Woudman - Director


AKD Consulting Ltd (Registered number: 07321805)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

AKD Consulting 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 is derived from the provision of professional services and is exclusive of Value Added Tax.

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 equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AKD Consulting Ltd (Registered number: 07321805)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Going concern
The company has amounts owing on bank loans and to HMRC. If the director's loan were not recoverable, the company would not be able to continue as a going concern. However, the director has plans in place to repay the director's loan and has made progress with repaying company debts during this period.

The director considers that the company remains a going concern on the basis that the director's loan will be recovered.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 1,373 4,609 5,982
Additions - 1,796 1,796
At 31 July 2023 1,373 6,405 7,778
DEPRECIATION
At 1 August 2022 1,373 4,300 5,673
Charge for year - 752 752
At 31 July 2023 1,373 5,052 6,425
NET BOOK VALUE
At 31 July 2023 - 1,353 1,353
At 31 July 2022 - 309 309

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 19,199 24,135
Other debtors 101,195 135,987
120,394 160,122

AKD Consulting Ltd (Registered number: 07321805)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 34,916 53,509
Trade creditors - 1,378
Taxation and social security 38,674 69,673
Other creditors 1,926 2,500
75,516 127,060

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 19,043 33,331

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mr K T Woudman
Balance outstanding at start of year 135,177 126,784
Amounts advanced 194,534 152,867
Amounts repaid (229,114 ) (144,474 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,597 135,177

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K T Woudman.