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REGISTERED NUMBER: 14391143 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

A&K PAINTING SERVICES LTD

A&K PAINTING SERVICES LTD (Registered number: 14391143)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Director 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


A&K PAINTING SERVICES LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A KHAYATZEDAH





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 14391143 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

A&K PAINTING SERVICES LTD (Registered number: 14391143)

Report of the Director
for the Year Ended 31 March 2024

The director presents his report with the financial statements of the company for the year ended 31 March 2024.

DIRECTOR
A KHAYATZEDAH held office during the whole of the period from 1 April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A KHAYATZEDAH - Director


1 August 2024

A&K PAINTING SERVICES LTD (Registered number: 14391143)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2024

Period
2/10/22
Year Ended to
31/3/24 31/3/23
Notes £    £   

TURNOVER 166,868 42,462

Cost of sales 97,681 25,864
GROSS PROFIT 69,187 16,598

Administrative expenses 14,520 10,066
OPERATING PROFIT 54,667 6,532


Interest payable and similar expenses 7 -
PROFIT BEFORE TAXATION 54,660 6,532

Tax on profit 10,735 1,241
PROFIT FOR THE FINANCIAL YEAR 43,925 5,291

Retained earnings at beginning of year 3,291 -

Dividends 4 - (2,000 )

RETAINED EARNINGS AT END OF YEAR 47,216 3,291

A&K PAINTING SERVICES LTD (Registered number: 14391143)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £   
CURRENT ASSETS
Debtors 5 12,574 267
Cash at bank and in hand 59,234 15,458
71,808 15,725
CREDITORS
Amounts falling due within one year 6 24,591 12,433
NET CURRENT ASSETS 47,217 3,292
TOTAL ASSETS LESS CURRENT LIABILITIES 47,217 3,292

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 47,216 3,291
SHAREHOLDERS' FUNDS 47,217 3,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 1 August 2024 and were signed by:





A KHAYATZEDAH - Director


A&K PAINTING SERVICES LTD (Registered number: 14391143)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

A&K PAINTING SERVICES LTD 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2023 - 1 ) .

4. DIVIDENDS
Period
2/10/22
Year Ended to
31/3/24 31/3/23
£    £   
ORDINARY share of 1.00
Final - 2,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 61 833
CIS Tax suffered 12,201 (566 )
VAT 312 -
12,574 267

A&K PAINTING SERVICES LTD (Registered number: 14391143)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Tax 10,735 1,241
Directors' current accounts 11,706 10,232
Accrued expenses 2,150 960
24,591 12,433