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REGISTERED NUMBER: 05807707 (England and Wales)















AKS BUILDING LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2023






AKS BUILDING LIMITED (REGISTERED NUMBER: 05807707)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AKS BUILDING LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr A W Smith





SECRETARY: Mrs G R Smith





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 05807707 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

AKS BUILDING LIMITED (REGISTERED NUMBER: 05807707)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,137 14,121

CURRENT ASSETS
Debtors 5 600,581 867,059
Cash at bank 187,923 475,947
788,504 1,343,006
CREDITORS
Amounts falling due within one year 6 348,995 681,693
NET CURRENT ASSETS 439,509 661,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

578,646

675,434

CREDITORS
Amounts falling due after more than one
year

7

(221,755

)

(321,279

)

PROVISIONS FOR LIABILITIES (5,609 ) (3,530 )
NET ASSETS 351,282 350,625

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 90,000 90,000
Retained earnings 261,182 260,525
SHAREHOLDERS' FUNDS 351,282 350,625

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AKS BUILDING LIMITED (REGISTERED NUMBER: 05807707)

Balance Sheet - continued
31 March 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 director and authorised for issue on 10 May 2023 and were signed by:





Mr A W Smith - Director


AKS BUILDING LIMITED (REGISTERED NUMBER: 05807707)

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

1. STATUTORY INFORMATION

AKS Building 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

AKS BUILDING LIMITED (REGISTERED NUMBER: 05807707)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 9,400 7,744 18,756 11,249 47,149
Additions - 1,000 143,211 1,730 145,941
Disposals (9,400 ) - (18,756 ) (8,098 ) (36,254 )
At 31 March 2023 - 8,744 143,211 4,881 156,836
DEPRECIATION
At 1 April 2022 6,786 5,511 15,253 5,478 33,028
Charge for year - 766 10,272 3,768 14,806
Eliminated on disposal (6,786 ) - (15,251 ) (8,098 ) (30,135 )
At 31 March 2023 - 6,277 10,274 1,148 17,699
NET BOOK VALUE
At 31 March 2023 - 2,467 132,937 3,733 139,137
At 31 March 2022 2,614 2,233 3,503 5,771 14,121

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 141,592 486,907
Amounts owed by group undertakings 272,159 312,285
Prepayments 186,830 67,867
600,581 867,059

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 97,811 98,288
Other loans - 115,320
Social security and other taxes 130,164 233,523
Accrued expenses 121,020 234,562
348,995 681,693

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 100,677 99,523
Bank loans - 2-5 years 121,078 221,756
221,755 321,279

AKS BUILDING LIMITED (REGISTERED NUMBER: 05807707)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 319,566 419,567

The bank loan is secured by a fixed and floating charge over the company's assets.