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REGISTERED NUMBER: 10502339 (England and Wales)















A.K. CONSTRUCTION & DESIGN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2023






A.K. CONSTRUCTION & DESIGN LIMITED (REGISTERED NUMBER: 10502339)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.K. CONSTRUCTION & DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr A Kushi





SECRETARY:





REGISTERED OFFICE: Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TP





REGISTERED NUMBER: 10502339 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TP

A.K. CONSTRUCTION & DESIGN LIMITED (REGISTERED NUMBER: 10502339)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,255 20,617

CURRENT ASSETS
Stocks 2,100 1,660
Debtors 5 - 952
Cash at bank and in hand 27,044 7,070
29,144 9,682
CREDITORS
Amounts falling due within one year 6 16,158 15,093
NET CURRENT ASSETS/(LIABILITIES) 12,986 (5,411 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,241

15,206

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 29,141 15,106
SHAREHOLDERS' FUNDS 29,241 15,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

A.K. CONSTRUCTION & DESIGN LIMITED (REGISTERED NUMBER: 10502339)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 director and authorised for issue on 22 May 2024 and were signed by:





Mr A Kushi - Director


A.K. CONSTRUCTION & DESIGN LIMITED (REGISTERED NUMBER: 10502339)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

A.K. Construction & Design 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

A.K. CONSTRUCTION & DESIGN LIMITED (REGISTERED NUMBER: 10502339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 26,391 4,300 1,099 31,790
Additions - - 589 589
At 30 November 2023 26,391 4,300 1,688 32,379
DEPRECIATION
At 1 December 2022 6,598 4,300 275 11,173
Charge for year 4,598 - 353 4,951
At 30 November 2023 11,196 4,300 628 16,124
NET BOOK VALUE
At 30 November 2023 15,195 - 1,060 16,255
At 30 November 2022 19,793 - 824 20,617

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments - 952

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax payable 6,192 6,434
Social security and other taxes (251 ) -
Directors' current accounts 7,132 5,356
Accrued expenses 3,085 3,303
16,158 15,093

A.K. CONSTRUCTION & DESIGN LIMITED (REGISTERED NUMBER: 10502339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 December 2022 15,106
Profit for the year 22,035
Dividends (8,000 )
At 30 November 2023 29,141