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Company Registration No. 11483511 (England and Wales)
AKR CONSTRUCTION LTD unaudited financial statements for the year ended 31 July 2023
AKR CONSTRUCTION LTD unaudited financial statements Contents
Page
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AKR CONSTRUCTION LTD Company Information for the year ended 31 July 2023
Director
Aihtsham RASHID
Company Number
11483511 (England and Wales)
Registered Office
21 HYDE PARK ROAD LONDON LEEDS LS6 1PY ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of AKR CONSTRUCTION LTD for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AKR CONSTRUCTION LTD for the year ended 31 July 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants Chartered Certified Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY 30 July 2024
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AKR CONSTRUCTION LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,970 
11,213 
Current assets
Inventories
49,140 
55,390 
Debtors
45,118 
44,725 
Cash at bank and in hand
66,703 
41,675 
160,961 
141,790 
Creditors: amounts falling due within one year
(201,200)
(74,275)
Net current (liabilities)/assets
(40,239)
67,515 
Total assets less current liabilities
(15,269)
78,728 
Creditors: amounts falling due after more than one year
(42,412)
(49,711)
Net (liabilities)/assets
(57,681)
29,017 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(57,781)
28,917 
Shareholders' funds
(57,681)
29,017 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
Aihtsham RASHID Director Company Registration No. 11483511
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AKR CONSTRUCTION LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
AKR CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 11483511. The registered office is 21 HYDE PARK ROAD, LONDON, LEEDS, LS6 1PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to job retention scheme are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss.
Trading activity
Construction and repairing of residential and commercial buildings.
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AKR CONSTRUCTION LTD Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 August 2022
21,900 
Additions
20,000 
At 31 July 2023
41,900 
Depreciation
At 1 August 2022
10,687 
Charge for the year
6,243 
At 31 July 2023
16,930 
Net book value
At 31 July 2023
24,970 
At 31 July 2022
11,213 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
8,777 
Trade debtors
45,118 
35,948 
45,118 
44,725 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
36,632 
- 
VAT
5,865 
- 
Trade creditors
- 
28,997 
Taxes and social security
17,463 
44,528 
Other creditors
16,000 
- 
Loans from directors
124,640 
- 
Accruals
600 
750 
201,200 
74,275 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,412 
49,711 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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