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REGISTERED NUMBER: 12946498 (England and Wales)











AKN Law Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






AKN Law Limited (Registered number: 12946498)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


AKN Law Limited

Company Information
for the Year Ended 31 October 2023







Director: N A Kayani





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 12946498 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

AKN Law Limited (Registered number: 12946498)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
Fixed assets
Tangible assets 4 311 466

Current assets
Debtors 5 28,311 11,059
Cash at bank 42,678 102,820
70,989 113,879
Creditors
Amounts falling due within one year 6 (12,604 ) (22,840 )
Net current assets 58,385 91,039
Total assets less current liabilities 58,696 91,505

Capital and reserves
Called up share capital 7 1 1
Retained earnings 58,695 91,504
Shareholders' funds 58,696 91,505

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

AKN Law Limited (Registered number: 12946498)

Balance Sheet - continued
31 October 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 11 July 2024 and were signed by:





N A Kayani - Director


AKN Law Limited (Registered number: 12946498)

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

1. Statutory information

AKN Law 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.

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.
Fixtures and fittings - 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.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

AKN Law Limited (Registered number: 12946498)

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

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 November 2022
and 31 October 2023 828
Depreciation
At 1 November 2022 362
Charge for year 155
At 31 October 2023 517
Net book value
At 31 October 2023 311
At 31 October 2022 466

5. Debtors: amounts falling due within one year
31.10.23 31.10.22
£    £   
Other debtors 134 134
Directors' current accounts 20,516 -
Accrued income 7,661 10,925
28,311 11,059

6. Creditors: amounts falling due within one year
31.10.23 31.10.22
£    £   
Corporation tax 8,805 16,677
VAT 2,689 5,021
Directors' current accounts - 32
Accrued expenses 1,110 1,110
12,604 22,840

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary £1 1 1

AKN Law Limited (Registered number: 12946498)

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

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
N A Kayani
Balance outstanding at start of year - 780
Amounts advanced 20,516 -
Amounts repaid - (780 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,516 -

The loan attracts interest at a commercial rate and is fully repayable upon demand.