Registered number
14504698
A K SUPERSTORE (BHAM) LTD
Filleted Accounts
30 November 2023
A K SUPERSTORE (BHAM) LTD
Registered number: 14504698
Balance Sheet
as at 30 November 2023
Notes 2023
£
Fixed assets
Tangible assets 3 15,185
Current assets
Stocks 46,263
Debtors 4 100
Cash at bank and in hand 4,413
50,776
Creditors: amounts falling due within one year 5 (47,934)
Net current assets 2,842
Net assets 18,027
Capital and reserves
Share premium 100
Profit and loss account 17,927
Shareholder's funds 18,027
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 member has 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.
Mohammed Souhil Ahmed
Director
Approved by the board on 22 August 2024
A K SUPERSTORE (BHAM) 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Plant and machinery 15% Reducing balance
Motor Vehicle 20% 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.
2 Employees 2023
Number
Average number of persons employed by the company 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
Additions 12,500 5,700 18,200
At 30 November 2023 12,500 5,700 18,200
Depreciation
Charge for the year 1,875 1,140 3,015
At 30 November 2023 1,875 1,140 3,015
Net book value
At 30 November 2023 10,625 4,560 15,185
4 Debtors 2023
£
Other debtors 100
5 Creditors: amounts falling due within one year 2023
£
Trade creditors 6,987
Other creditors 34,950
Taxation and social security costs 5,997
47,934
6 Other information
A K SUPERSTORE (BHAM) LTD is a private company limited by shares and incorporated in England. Its registered office is:
640-642
Coventry Road
Birmingham
West Midlands
B10 0UT
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