PKAA Ventures Ltd |
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Report to the director on the preparation of the unaudited statutory accounts of PKAA Ventures Ltd for the year ended 31 March 2024 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PKAA Ventures Ltd for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ |
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
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Coalesco Accountants Limited |
Chartered Certified Accountants |
156 Russell Drive |
Wollaton |
Nottingham |
NG8 2BE |
|
3 September 2024 |
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PKAA Ventures Ltd |
Notes to the Accounts |
for the year ended 31 March 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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. |
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers. |
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Tangible fixed assets |
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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: |
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Office equipment |
20% straight line |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Office equipment |
£ |
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Cost |
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At 1 April 2023 |
12,959 |
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At 31 March 2024 |
12,959 |
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Depreciation |
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At 1 April 2023 |
10,402 |
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Charge for the year |
511 |
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At 31 March 2024 |
10,913 |
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Net book value |
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At 31 March 2024 |
2,046 |
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At 31 March 2023 |
2,557 |
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4 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Other creditors |
19,649 |
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11,649 |
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5 |
Other information |
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PKAA Ventures Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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156 Russell Drive |
|
Wollaton |
|
Nottingham |
|
NG8 2BE |