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REGISTERED NUMBER: 11093309 (England and Wales)


Financial Statements for the Year Ended 31 January 2024

for

Ak Retailers Ltd

Ak Retailers Ltd (Registered number: 11093309)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ak Retailers Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr Abid Hussain
Mr Khalid Hussain





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 11093309 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Ak Retailers Ltd (Registered number: 11093309)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,364 4,204

CURRENT ASSETS
Inventories 49,171 49,246
Debtors 5 119 109
Cash at bank and in hand 450,676 562,585
499,966 611,940
CREDITORS
Amounts falling due within one year 6 388,269 554,924
NET CURRENT ASSETS 111,697 57,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,061

61,220

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 114,861 61,020
SHAREHOLDERS' FUNDS 115,061 61,220

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Retailers Ltd (Registered number: 11093309)

Statement of Financial Position - continued
31 January 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 14 October 2024 and were signed on its behalf by:





Mr Abid Hussain - Director


Ak Retailers Ltd (Registered number: 11093309)

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

1. STATUTORY INFORMATION

Ak Retailers 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. 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
Revenue 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 etc - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 6,415
DEPRECIATION
At 1 February 2023 2,211
Charge for year 840
At 31 January 2024 3,051
NET BOOK VALUE
At 31 January 2024 3,364
At 31 January 2023 4,204

Ak Retailers Ltd (Registered number: 11093309)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 119 109

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 333,291 21,212
Taxation and social security 24,885 17,623
Other creditors 30,093 516,089
388,269 554,924

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
200 Ordinary 1 200 200