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REGISTERED NUMBER: 14095705 (England and Wales)


Financial Statements for the Period 9 May 2022 to 30 June 2023

for

Akshar 93 Ltd

Akshar 93 Ltd (Registered number: 14095705)






Contents of the Financial Statements
for the Period 9 May 2022 to 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Akshar 93 Ltd

Company Information
for the Period 9 May 2022 to 30 June 2023







DIRECTORS: Mr Ankurkumar Dhansukhbhai Patel
Mrs Khushboo Ankurkumar Patel





REGISTERED OFFICE: 30 Coniston Grove
Ashton-Under-Lyne
OL7 9EN





REGISTERED NUMBER: 14095705 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Akshar 93 Ltd (Registered number: 14095705)

Statement of Financial Position
30 June 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 125,853
Tangible assets 5 2,834
128,687

CURRENT ASSETS
Stocks 31,253
Debtors 6 7,910
Cash at bank and in hand 6,943
46,106
CREDITORS
Amounts falling due within one year 7 100,766
NET CURRENT LIABILITIES (54,660 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,027

CREDITORS
Amounts falling due after more than one
year

8

70,724
NET ASSETS 3,303

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 3,203
SHAREHOLDERS' FUNDS 3,303

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

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

Akshar 93 Ltd (Registered number: 14095705)

Statement of Financial Position - continued
30 June 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 6 March 2024 and were signed on its behalf by:





Mr Ankurkumar Dhansukhbhai Patel - Director


Akshar 93 Ltd (Registered number: 14095705)

Notes to the Financial Statements
for the Period 9 May 2022 to 30 June 2023

1. STATUTORY INFORMATION

Akshar 93 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 125,853
At 30 June 2023 125,853
NET BOOK VALUE
At 30 June 2023 125,853

Akshar 93 Ltd (Registered number: 14095705)

Notes to the Financial Statements - continued
for the Period 9 May 2022 to 30 June 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 1 4,000 4,001
At 30 June 2023 1 4,000 4,001
DEPRECIATION
Charge for period - 1,167 1,167
At 30 June 2023 - 1,167 1,167
NET BOOK VALUE
At 30 June 2023 1 2,833 2,834

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 7,250
Other debtors 660
7,910

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 14,557
Taxation and social security 1,950
Other creditors 84,259
100,766

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Bank loans 70,724

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal
value: £   
100 Share capital 1 £1 100

100 Ordinary shares of £1 each were allotted at par during the period.