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REGISTERED NUMBER: 09585090 (England and Wales)











Conkay Developments Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024






Conkay Developments Ltd (Registered number: 09585090)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Conkay Developments Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M A Conkay





REGISTERED OFFICE: 97 Lichfield Street
Tamworth
Staffordshire
B79 7QF





REGISTERED NUMBER: 09585090 (England and Wales)





ACCOUNTANTS: Haines Watts
6 Charter Point Way
Ashby Business Park
Ashby De La Zouch
Leicestershire
LE65 1NF

Conkay Developments Ltd (Registered number: 09585090)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,050 8,100

CURRENT ASSETS
Cash at bank 59 379

CREDITORS
Amounts falling due within one year 6 27,034 17,978
NET CURRENT LIABILITIES (26,975 ) (17,599 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,925 ) (9,499 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 (22,926 ) (9,500 )
SHAREHOLDERS' FUNDS (22,925 ) (9,499 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 31 August 2024 and were signed by:





M A Conkay - Director


Conkay Developments Ltd (Registered number: 09585090)

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


1. STATUTORY INFORMATION

Conkay Developments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These accounts have been prepared on a going concern basis with the continued support of the director and shareholder for the foreseeable future.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Conkay Developments Ltd (Registered number: 09585090)

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


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 16,819
DEPRECIATION
At 1 June 2023
and 31 May 2024 12,769
NET BOOK VALUE
At 31 May 2024 4,050
At 31 May 2023 4,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 27,034 17,978

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Retained
earnings
£   

At 1 June 2023 (9,500 )
Deficit for the year (13,426 )
At 31 May 2024 (22,926 )

Conkay Developments Ltd (Registered number: 09585090)

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


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
M A Conkay
Balance outstanding at start of year (16,165 ) (16,404 )
Amounts advanced 303 39,391
Amounts repaid (10,266 ) (39,152 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26,128 ) (16,165 )

10. RELATED PARTY DISCLOSURES

During the year the director made loans to the company, these are interest free and repayable on demand. The balance at 31 May 2023 was £26,128 (2023 - £16,165).