2023-04-01 08703153 2024-03-31 08703153 2023-04-01 2024-03-31 08703153 2023-03-31 08703153 2022-04-01 2023-03-31 08703153 uk-core:WithinOneYear 2023-03-31 08703153 uk-core:WithinOneYear 2024-03-31 08703153 uk-core:ShareCapital 2024-03-31 08703153 uk-core:ShareCapital 2023-03-31 08703153 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 08703153 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 08703153 uk-bus:Director1 2023-04-01 2024-03-31 08703153 uk-bus:Director2 2023-04-01 2024-03-31 08703153 uk-core:ComputerEquipment 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure 08703153 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08703153 uk-bus:FRS102 2023-04-01 2024-03-31 08703153 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 08703153 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Akaal Consulting Ltd
Registered Number:08703153
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Akaal Consulting Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
08703153
As at 31 March 2024
Akaal Consulting Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
6,761
7,184
2
6,761
7,184
Current assets
Trade and other receivables
13,800
16,743
3
127,487
Cash and cash equivalents
51,874
68,617
141,287
Trade and other payables: amounts falling due within one year
(90,672)
(60,862)
4
50,615
7,755
Net current assets
Total assets less current liabilities
14,516
57,799
14,516
Net assets
57,799
Capital and reserves
Called up share capital
100
100
Retained earnings
14,416
57,699
14,516
57,799
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Arwinder Singh Ahuja Director
Mrs Arrandeep Kaur Ahuja Director
These financial statements were approved and authorised for issue by the Board on 12 June 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Akaal Consulting Ltd
Notes to the Financial Statements
Statutory Information
Akaal Consulting Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 08703153.
Registered address:
26 Danywern Drive
Winnersh
Wokingham
RG41 5NR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Computer Equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 March 2024
Akaal Consulting Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
Equipment
£
Cost or valuation
At 01 April 2023
12,682
499
Additions
At 31 March 2024
13,181
Provision for depreciation and impairment
At 01 April 2023
5,498
Charge for year
922
At 31 March 2024
6,420
At 31 March 2024
Net book value
6,761
At 31 March 2023
7,184
3. Trade and other receivables
2023
2024
£
£
Trade debtors
12,000
13,800
Other debtors
4,743
-
13,800
16,743
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
2,705
23,043
Other creditors
58,157
67,629
60,862
90,672
5. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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