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REGISTERED NUMBER: 04835170 (England and Wales)















AK Fresh Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






AK Fresh Limited (Registered number: 04835170)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


AK Fresh Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A S Khas
Mrs C S Khas





SECRETARY: Mrs C S Khas





REGISTERED OFFICE: 32 The Crescent
Spalding
Lincolnshire
PE11 1AF





REGISTERED NUMBER: 04835170 (England and Wales)





ACCOUNTANTS: Salway and Wright
32 The Crescent
Spalding
Lincolnshire
PE11 1AF

AK Fresh Limited (Registered number: 04835170)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,653 3,538
Investments 5 1 1
2,654 3,539

CURRENT ASSETS
Debtors 6 140,047 184,490
Cash at bank and in hand 156,914 111,965
296,961 296,455
CREDITORS
Amounts falling due within one year 7 110,725 109,815
NET CURRENT ASSETS 186,236 186,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,890

190,179

CREDITORS
Amounts falling due after more than one
year

8

-

3,836
NET ASSETS 188,890 186,343

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 188,790 186,243
SHAREHOLDERS' FUNDS 188,890 186,343

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AK Fresh Limited (Registered number: 04835170)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:




A S Khas - Director



Mrs C S Khas - Director


AK Fresh Limited (Registered number: 04835170)

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

1. STATUTORY INFORMATION

AK Fresh Limited 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. 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 - 33% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

AK Fresh Limited (Registered number: 04835170)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 26,270 15,319 34,335 75,924
Disposals (41,589 ) - - (41,589 )
At 31 August 2024 (15,319 ) 15,319 34,335 34,335
DEPRECIATION
At 1 September 2023 26,270 15,319 30,797 72,386
Charge for year - - 885 885
Eliminated on disposal (41,589 ) - - (41,589 )
At 31 August 2024 (15,319 ) 15,319 31,682 31,682
NET BOOK VALUE
At 31 August 2024 - - 2,653 2,653
At 31 August 2023 - - 3,538 3,538

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 1
NET BOOK VALUE
At 31 August 2024 1
At 31 August 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 140,047 167,587
Sundry debtors - 531
Other debtors - 15,750
Prepayments and accrued income - 622
140,047 184,490

AK Fresh Limited (Registered number: 04835170)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts - 9,258
Trade creditors 89,389 85,532
Corporation tax 1,912 7,184
Social security and other taxes 7,253 6,111
Other creditors 12,171 -
Accruals and deferred income - 1,730
110,725 109,815

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years - 3,836