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Registration number: 14764898

AK Building Solutions Ltd

Unaudited Filleted Financial Statements

for the Period from 28 March 2023 to 31 March 2024

 

AK Building Solutions Ltd

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 5

 

AK Building Solutions Ltd

Company Information

Director

Mr H Ak

Registered office

Unit 9 Century Business Centre
Manvers Way
Manvers
Rotherman
South Yorkshire
S63 5DA

Accountants

Cameron Alexander Accountants Limited
Chartered Certified Accountants
2 Western Street
Barnsley
S70 2BP

 

AK Building Solutions Ltd

(Registration number: 14764898)
Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Debtors

45

Cash at bank and in hand

 

748

 

793

Creditors: Amounts falling due within one year

3

(9,478)

Net liabilities

 

(8,685)

Capital and reserves

 

Called up share capital

4

10

Retained earnings

(8,695)

Shareholders' deficit

 

(8,685)

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 October 2024
 

.........................................
Mr H Ak
Director

 

AK Building Solutions Ltd

Statement of Changes in Equity for the Period from 28 March 2023 to 31 March 2024

Share capital
£

Retained earnings
£

Total
£

Loss for the period

-

(8,695)

(8,695)

New share capital subscribed

10

-

10

At 31 March 2024

10

(8,695)

(8,685)

 

AK Building Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 28 March 2023 to 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

AK Building Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 28 March 2023 to 31 March 2024

3

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

900

Other creditors

8,578

9,478

4

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

10

10

   

5

Related party transactions

Transactions with the director

2024

At 28 March 2023
£

Repayments by director
£

At 31 March 2024
£

Mr H Ak

No interest is charged on the loan and there is no fixed date of repayment

-

8,579

8,579