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REGISTERED NUMBER: 09013850 (England and Wales)















Unaudited Financial Statements

for the Year Ended 5 April 2024

for

A.K. Rides Limited

A.K. Rides Limited (Registered number: 09013850)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.K. Rides Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: A Rides
Mrs K Rides





REGISTERED OFFICE: 64E Tansey Green Road
Pensnett
Brierley Hill
West Midlands
DY5 4TE





REGISTERED NUMBER: 09013850 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

A.K. Rides Limited (Registered number: 09013850)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,912 137

CURRENT ASSETS
Debtors 5 11,161 11,097
Cash at bank 6,802 9,221
17,963 20,318
CREDITORS
Amounts falling due within one year 6 10,255 8,803
NET CURRENT ASSETS 7,708 11,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,620

11,652

CREDITORS
Amounts falling due after more than one
year

7

42,541

7,872
NET ASSETS 1,079 3,780

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 1,078 3,779
SHAREHOLDERS' FUNDS 1,079 3,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.

A.K. Rides Limited (Registered number: 09013850)

Balance Sheet - continued
5 April 2024


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 4 August 2024 and were signed on its behalf by:





A Rides - Director


A.K. Rides Limited (Registered number: 09013850)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

A.K. Rides 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 50% 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.

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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

A.K. Rides Limited (Registered number: 09013850)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 6 April 2023 194 - 417 611
Additions - 44,760 - 44,760
At 5 April 2024 194 44,760 417 45,371
DEPRECIATION
At 6 April 2023 78 - 396 474
Charge for year 23 8,952 10 8,985
At 5 April 2024 101 8,952 406 9,459
NET BOOK VALUE
At 5 April 2024 93 35,808 11 35,912
At 5 April 2023 116 - 21 137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Other debtors 11,161 11,097

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts 217 1,366
Hire purchase contracts 6,057 -
Trade creditors - 60
Tax - 6,038
Directors' current accounts 3,460 891
Accrued expenses 521 448
10,255 8,803

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans - 2-5 years 6,614 5,465
Bank loans more 5 yr by instal 1,258 2,407
Hire purchase contracts 34,669 -
42,541 7,872

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,258 2,407

A.K. Rides Limited (Registered number: 09013850)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.24 5.4.23
value: £    £   
100 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 6 April 2023 3,779
Profit for the year 22,299
Dividends (25,000 )
At 5 April 2024 1,078

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Rides.