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Registered Number: 14128844
England and Wales

 

 

 

AIK CAMDEN LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 24 May 2022

End date: 31 May 2023
Director ALI Imran Ahmed
Registered Number 14128844
Registered Office 11 KENTISH TOWN ROAD
LONDON ENGLAND
UK
NW1 8NH
Accountants SSH ACCOUNTANCY LTD
Unit 2-3
88 Mile End Road
LONDON
E1 4UN
1
 
 
Notes
 
2023
£
Fixed assets    
Intangible fixed assets 3 12,500 
Tangible fixed assets 4 70,316 
82,816 
Current assets    
Stocks 5 4,200 
Debtors 6 18,752 
Cash at bank and in hand 1,439 
24,391 
Creditors: amount falling due within one year 7 (229,165)
Net current liabilities (204,774)
 
Total assets less current liabilities (121,958)
Net liabilities (121,958)
 

Capital and reserves
   
Profit and loss account (121,958)
Shareholder's funds (121,958)
 


For the period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 22 February 2024 and were signed by:


-------------------------------
ALI Imran Ahmed
Director
2
General Information
AIK CAMDEN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14128844, registration address 11 KENTISH TOWN ROAD, LONDON ENGLAND, UK, NW1 8NH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Franchise Fees
Franchise Fees is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Franchise Fees of years.
Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 9.
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 24 May 2022  
Additions 12,500    12,500 
Disposals  
At 31 May 2023 12,500    12,500 
Amortisation
At 24 May 2022  
Charge for period  
On disposals  
At 31 May 2023  
Net book values
At 31 May 2023 12,500    12,500 
At 23 May 2022  


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Land and Buildings   Total
  £   £   £
At 24 May 2022    
Additions 47,430    30,000    77,430 
Disposals    
At 31 May 2023 47,430    30,000    77,430 
Depreciation
At 24 May 2022    
Charge for period 7,114      7,114 
On disposals    
At 31 May 2023 7,114      7,114 
Net book values
Closing balance as at 31 May 2023 40,316    30,000    70,316 
Opening balance as at 24 May 2022    


5.

Stocks

2023
£
Stocks 4,200 
4,200 

6.

Debtors: amounts falling due within one year

2023
£
PAYE & Social Security 2 
2 

6.

Debtors: amounts falling due after one year

2023
£
Prepayments 18,750 
18,750 

7.

Creditors: amount falling due within one year

2023
£
Trade Creditors 37,374 
Wages & Salaries Control Account 5,134 
Vat control Account 3,836 
Director Loan (M M Hossain) 150,477 
Director Loan (Imran Ahmed Ali) 32,344 
229,165 

3