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REGISTERED NUMBER: 11800137 (England and Wales)














Financial Statements for the Year Ended 31 January 2024

for

Ak Finance Ltd

Ak Finance Ltd (Registered number: 11800137)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ak Finance Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr A Karaagac





REGISTERED OFFICE: 8 Selsdon Way
Flat 84 City Harbour
London
E14 9GR





REGISTERED NUMBER: 11800137 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

Ak Finance Ltd (Registered number: 11800137)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 964 964

CURRENT ASSETS
Debtors 6 3,463 3,463
Cash at bank 739 739
4,202 4,202
CREDITORS
Amounts falling due within one year 7 6,438 6,438
NET CURRENT LIABILITIES (2,236 ) (2,236 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,272

)

(1,272

)

PROVISIONS FOR LIABILITIES 183 183
NET LIABILITIES (1,455 ) (1,455 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 (1,457 ) (1,457 )
(1,455 ) (1,455 )

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 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.

Ak Finance Ltd (Registered number: 11800137)

Balance Sheet - 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 director and authorised for issue on 16 October 2024 and were signed by:





Mr A Karaagac - Director


Ak Finance Ltd (Registered number: 11800137)

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

1. STATUTORY INFORMATION

Ak Finance 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 755 1,190 1,945
DEPRECIATION
At 1 February 2023
and 31 January 2024 330 651 981
NET BOOK VALUE
At 31 January 2024 425 539 964
At 31 January 2023 425 539 964

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 3,463 3,463

Ak Finance Ltd (Registered number: 11800137)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors (1 ) (1 )
Taxation and social security 5,439 5,439
Other creditors 1,000 1,000
6,438 6,438

8. RESERVES
Retained
earnings
£   

At 1 February 2023 (1,457 )
Profit for the year -
At 31 January 2024 (1,457 )