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REGISTERED NUMBER: 14902754 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE PERIOD 30 MAY 2023 TO 31 MAY 2024

FOR

AK & ASSOCIATES LTD

AK & ASSOCIATES LTD (REGISTERED NUMBER: 14902754)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MAY 2023 TO 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AK & ASSOCIATES LTD

COMPANY INFORMATION
FOR THE PERIOD 30 MAY 2023 TO 31 MAY 2024







DIRECTOR: A K Bansal





REGISTERED OFFICE: 60a Oxford Street
Wellingborough
NN8 4JJ





REGISTERED NUMBER: 14902754 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

AK & ASSOCIATES LTD (REGISTERED NUMBER: 14902754)

BALANCE SHEET
31 MAY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 15,083

CURRENT ASSETS
Debtors 5 50,005
Cash at bank 40,601
90,606
CREDITORS
Amounts falling due within one year 6 62,011
NET CURRENT ASSETS 28,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,678

CAPITAL AND RESERVES
Called up and paid share capital 101
Retained earnings 43,577
43,678

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2024 and were signed by:





A K Bansal - Director


AK & ASSOCIATES LTD (REGISTERED NUMBER: 14902754)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MAY 2023 TO 31 MAY 2024


1. STATUTORY INFORMATION

Ak & Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

AK & ASSOCIATES LTD (REGISTERED NUMBER: 14902754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MAY 2023 TO 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 20,024
At 31 May 2024 20,024
DEPRECIATION
Charge for period 4,941
At 31 May 2024 4,941
NET BOOK VALUE
At 31 May 2024 15,083

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by participating interests 50,005

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 29,560
Other creditors 32,451
62,011

7. RELATED PARTY DISCLOSURES

During the year the company operated a loan with another company of which the director has an involvement. At the balance sheet date the amount outstanding was £50,005.