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Company Registration No. 13604524 (England and Wales)
Akar Global Ltd Unaudited accounts for the year ended 30 September 2023
Akar Global Ltd Unaudited accounts Contents
Page
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Akar Global Ltd Company Information for the year ended 30 September 2023
Director
Mr D Karabulut
Company Number
13604524 (England and Wales)
Registered Office
214 Baker Street Enfield EN1 3JT England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Akar Global Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
5,599 
Current assets
Inventories
- 
16,600 
Debtors
- 
586 
Cash at bank and in hand
- 
898 
- 
18,084 
Creditors: amounts falling due within one year
(17,403)
(34,587)
Net current liabilities
(17,403)
(16,503)
Net liabilities
(17,403)
(10,904)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(17,503)
(11,004)
Shareholders' funds
(17,403)
(10,904)
For the year ending 30 September 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 September 2024 and were signed on its behalf by
Mr D Karabulut Director Company Registration No. 13604524
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Akar Global Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Akar Global Ltd is a private company, limited by shares, registered in England and Wales, registration number 13604524. The registered office is 214 Baker Street , Enfield, EN1 3JT, England .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% - reducing balance method
Computer equipment
20% - reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
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Akar Global Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
6,250 
749 
6,999 
Disposals
(6,250)
(749)
(6,999)
At 30 September 2023
- 
- 
- 
Depreciation
At 1 October 2022
1,250 
150 
1,400 
On disposals
(1,250)
(150)
(1,400)
At 30 September 2023
- 
- 
- 
Net book value
At 30 September 2023
- 
- 
- 
At 30 September 2022
5,000 
599 
5,599 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
586 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
16,203 
34,587 
Accruals
1,200 
- 
17,403 
34,587 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 A Ordinary shares of £1 each
50 
50 
50 B Ordinary shares of £1 each
50 
50 
100 
100 
8
Transactions with related parties
Included within other creditors is an amount of £16,203 (2022: £34,587) due to the director of the company. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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