Registered number
12312284
AK N4 LTD
Filleted Accounts
30 November 2023
AK N4 LTD
Registered number: 12312284
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 13,171 16,063
Current assets
Stocks 18,850 27,800
Debtors 4 5,905 5,124
Cash at bank and in hand 3,593 7,630
28,348 40,554
Creditors: amounts falling due within one year 5 (29,692) (30,295)
Net current (liabilities)/assets (1,344) 10,259
Total assets less current liabilities 11,827 26,322
Creditors: amounts falling due after more than one year 6 (16,847) (24,880)
Net (liabilities)/assets (5,020) 1,442
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,120) 1,342
Shareholders' funds (5,020) 1,442
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ali KAVAK
Director
Approved by the board on 14 August 2024
AK N4 LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 18% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 13,049 13,861 26,910
At 30 November 2023 13,049 13,861 26,910
Depreciation
At 1 December 2022 4,629 6,218 10,847
Charge for the year 1,516 1,376 2,892
At 30 November 2023 6,145 7,594 13,739
Net book value
At 30 November 2023 6,904 6,267 13,171
At 30 November 2022 8,420 7,643 16,063
4 Debtors 2023 2022
£ £
Prepayment & other debtors 5,905 5,124
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans (current liability) 11,232 11,232
Trade creditors 1,196 2,447
Taxation and social security costs 17,264 15,916
Other creditors - 700
29,692 30,295
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans (non-current liability) 16,847 24,880
7 Other information
AK N4 LTD is a private company limited by shares and incorporated in England. Its registered office is:
8-10 Browns Wood Road
London
N4 2XS
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