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REGISTERED NUMBER: 13979651 (England and Wales)















AKM1 LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 16 MARCH 2022 TO 28 FEBRUARY 2023






AKM1 LTD (REGISTERED NUMBER: 13979651)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 MARCH 2022 TO 28 FEBRUARY 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


AKM1 LTD (REGISTERED NUMBER: 13979651)

BALANCE SHEET
28 FEBRUARY 2023

Notes £   
Fixed assets
Intangible assets 4 13,500
Tangible assets 5 507,161
520,661

Current assets
Debtors 6 45,826
Cash at bank and in hand 109,404
155,230
Creditors
Amounts falling due within one year 7 (697,428 )
Net current liabilities (542,198 )
Total assets less current liabilities (21,537 )

Capital and reserves
Called up share capital 100
Retained earnings (21,637 )
(21,537 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the Company to obtain an audit of its financial statements for the period ended 28 February 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.

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 19 January 2024 and were signed on its behalf by:





W Riley - Director


AKM1 LTD (REGISTERED NUMBER: 13979651)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 MARCH 2022 TO 28 FEBRUARY 2023


1. Statutory information

Akm1 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13979651

Registered office: 183-185 North Road
Preston
United Kingdom
Lancashire
PR1 1YQ

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Lease premium are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
No depreciation has been charged as the company remained non-trading during the period.

Taxation
Taxation for the period 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 period 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.

AKM1 LTD (REGISTERED NUMBER: 13979651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16 MARCH 2022 TO 28 FEBRUARY 2023


3. Employees and directors

The average number of employees during the period was 2 .

4. Intangible fixed assets
Lease
premium
£   
Cost
Additions 15,000
At 28 February 2023 15,000
Amortisation
Amortisation for period 1,500
At 28 February 2023 1,500
Net book value
At 28 February 2023 13,500

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
Additions 503,529 3,632 507,161
At 28 February 2023 503,529 3,632 507,161
Net book value
At 28 February 2023 503,529 3,632 507,161

6. Debtors: amounts falling due within one year
£   
Other debtors 45,826

7. Creditors: amounts falling due within one year
£   
Trade creditors 1,458
Other creditors 695,970
697,428

8. Related party disclosures

Included within other creditors payable within one year is an amount of £434,220 owed to 4W Group Ltd and £1,000 to 1W Group Ltd in which Wasim Riley and Ismaeel Mohammed Waseem are directors and shareholders.The loan is interest free and unsecured and repayable on demand.