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Company Registration No. 09579557 (England and Wales)
Akona Concepts Limited Unaudited accounts for the year ended 31 May 2024
Akona Concepts Limited Unaudited accounts Contents
Page
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Akona Concepts Limited Company Information for the year ended 31 May 2024
Directors
Stephen David Ashley Gaynor Joanne Ashley
Company Number
09579557 (England and Wales)
Registered Office
IKON Business Centre Tudor Road Runcorn WA7 1TA United Kingdom
Accountants
FAO Accountancy Services Ltd 101 Melrose Drive Wigan WN3 6EG
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Akona Concepts Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,472 
678 
Current assets
Inventories
215,394 
118,345 
Debtors
333,429 
251,844 
Cash at bank and in hand
210,859 
301,384 
759,682 
671,573 
Creditors: amounts falling due within one year
(101,227)
(44,561)
Net current assets
658,455 
627,012 
Net assets
659,927 
627,690 
Capital and reserves
Called up share capital
66 
100 
Capital redemption reserve
34 
- 
Profit and loss account
659,827 
627,590 
Shareholders' funds
659,927 
627,690 
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by
Gaynor Joanne Ashley Director Company Registration No. 09579557
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Akona Concepts Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Akona Concepts Limited is a private company, limited by shares, registered in England and Wales, registration number 09579557. The registered office is IKON Business Centre, Tudor Road, Runcorn, WA7 1TA, United Kingdom.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% on cost
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Akona Concepts Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
1,422 
Additions
1,359 
At 31 May 2024
2,781 
Depreciation
At 1 June 2023
744 
Charge for the year
565 
At 31 May 2024
1,309 
Net book value
At 31 May 2024
1,472 
At 31 May 2023
678 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
331,480 
242,608 
Accrued income and prepayments
1,628 
1,628 
Other debtors
321 
7,608 
333,429 
251,844 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
34,976 
9,607 
Trade creditors
23,663 
23,162 
Taxes and social security
39,436 
- 
Other creditors
543 
425 
Loans from directors
821 
9,837 
Accruals
1,788 
1,530 
101,227 
44,561 
7
Transactions with related parties
The company is controlled by Mr & Mrs Ashley. Included in other debtors is a loan of £321 due from Akona Limited, a company also under the control of Mr & Mrs Ashley (2023 - £21).
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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