Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 12995569 Mr Adam Kenward Miss Kim Shields iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12995569 2022-11-30 12995569 2023-11-30 12995569 2022-12-01 2023-11-30 12995569 frs-core:CurrentFinancialInstruments 2023-11-30 12995569 frs-core:Non-currentFinancialInstruments 2023-11-30 12995569 frs-core:BetweenOneFiveYears 2023-11-30 12995569 frs-core:ComputerEquipment 2023-11-30 12995569 frs-core:ComputerEquipment 2022-12-01 2023-11-30 12995569 frs-core:ComputerEquipment 2022-11-30 12995569 frs-core:PlantMachinery 2023-11-30 12995569 frs-core:PlantMachinery 2022-12-01 2023-11-30 12995569 frs-core:PlantMachinery 2022-11-30 12995569 frs-core:WithinOneYear 2023-11-30 12995569 frs-core:ShareCapital 2023-11-30 12995569 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 12995569 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12995569 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 12995569 frs-bus:SmallEntities 2022-12-01 2023-11-30 12995569 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12995569 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12995569 frs-bus:Director1 2022-12-01 2023-11-30 12995569 frs-bus:Director2 2022-12-01 2023-11-30 12995569 frs-countries:EnglandWales 2022-12-01 2023-11-30 12995569 2021-11-30 12995569 2022-11-30 12995569 2021-12-01 2022-11-30 12995569 frs-core:CurrentFinancialInstruments 2022-11-30 12995569 frs-core:Non-currentFinancialInstruments 2022-11-30 12995569 frs-core:BetweenOneFiveYears 2022-11-30 12995569 frs-core:WithinOneYear 2022-11-30 12995569 frs-core:ShareCapital 2022-11-30 12995569 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 12995569
AKS Rentals Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Merranti Figures Accounting Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12995569
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 69,525 95,371
69,525 95,371
CURRENT ASSETS
Debtors 5 17,731 32,361
Cash at bank and in hand 3,770 753
21,501 33,114
Creditors: Amounts Falling Due Within One Year 6 (238,323 ) (215,356 )
NET CURRENT ASSETS (LIABILITIES) (216,822 ) (182,242 )
TOTAL ASSETS LESS CURRENT LIABILITIES (147,297 ) (86,871 )
Creditors: Amounts Falling Due After More Than One Year 7 (21,565 ) (46,754 )
NET LIABILITIES (168,862 ) (133,625 )
CAPITAL AND RESERVES
Called up share capital 10 10
Profit and Loss Account (168,872 ) (133,635 )
SHAREHOLDERS' FUNDS (168,862) (133,625)
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Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Kim Shields
Director
28 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
AKS Rentals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12995569 . The registered office is 24 Brighton Road, Salfords, Redhill, RH1 5BX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Computer Equipment 25% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 3)
2 3
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 147,756 627 148,383
Additions 15,000 - 15,000
As at 30 November 2023 162,756 627 163,383
Depreciation
As at 1 December 2022 52,725 287 53,012
Provided during the period 40,689 157 40,846
As at 30 November 2023 93,414 444 93,858
Net Book Value
As at 30 November 2023 69,342 183 69,525
As at 1 December 2022 95,031 340 95,371
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 14,009 26,730
Other debtors 3,722 5,631
17,731 32,361
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 30,075 38,614
Trade creditors 26,923 19,408
Bank loans and overdrafts 1 -
Other creditors 170,357 136,368
Taxation and social security 10,967 20,966
238,323 215,356
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 21,565 46,754
21,565 46,754
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8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 30,075 38,614
Later than one year and not later than five years 21,565 46,754
51,640 85,368
51,640 85,368
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