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REGISTERED NUMBER: 07216746 (England and Wales)
















A.A.K ELECTRICAL INSTALLATIONS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






A.A.K ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 07216746)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.A.K ELECTRICAL INSTALLATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: A Knowles
A M O'Hara





REGISTERED OFFICE: Glenewes House
Gate Way Drive
Yeadon
Leeds
West Yorkshire
LS19 7XY





REGISTERED NUMBER: 07216746 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

A.A.K ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 07216746)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 22,012 11,812

CURRENT ASSETS
Debtors 5 107,161 76,113
Cash at bank 28,030 47,359
135,191 123,472
CREDITORS
Amounts falling due within one year 6 103,072 78,488
NET CURRENT ASSETS 32,119 44,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,131

56,796

CREDITORS
Amounts falling due after more than one
year

7

(30,000

)

(40,000

)

PROVISIONS FOR LIABILITIES (5,503 ) (2,953 )
NET ASSETS 18,628 13,843

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 18,625 13,840
SHAREHOLDERS' FUNDS 18,628 13,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

A.A.K ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 07216746)

BALANCE SHEET - continued
30 APRIL 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 12 January 2024 and were signed on its behalf by:





A Knowles - Director


A.A.K ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 07216746)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

A.A.K Electrical Installations 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 - 20% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at the transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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.


A.A.K ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 07216746)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 May 2022 42,619
Additions 17,460
Disposals (18,700 )
At 30 April 2023 41,379
DEPRECIATION
At 1 May 2022 30,807
Charge for year 3,538
Eliminated on disposal (14,978 )
At 30 April 2023 19,367
NET BOOK VALUE
At 30 April 2023 22,012
At 30 April 2022 11,812

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 56,456 64,461
Other debtors 50,705 11,652
107,161 76,113

A.A.K ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 07216746)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 18,588 -
Amounts owed to group undertakings 63 4,040
Taxation and social security 58,804 53,474
Other creditors 15,617 10,974
103,072 78,488

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 30,000 40,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£ £
K B Watson
Balance outstanding at start of year 1,741 -
Amounts advanced 302 1,741
Amounts repaid (2,043 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,741

A Knowles
Balance outstanding at start of year - -
Amounts advanced 23,991 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,991 -

A M O'Hara
Balance outstanding at start of year - -
Amounts advanced 23,619 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,619 -

A.A.K ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 07216746)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

9. COVID 19

The company received the following assistance from the government:

2023 2022
£ £
Coronavirus Job Retention Scheme - 2,253
Interest on Bounce Back Loan - 1,250
- 3,503