Registered number
09628844
A.K.A. Vision Ltd
Unaudited Filleted Accounts
5 April 2024
A.K.A. Vision Ltd
Registered number: 09628844
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 200 400
Current assets
Debtors 4 19,982 20,585
Cash at bank and in hand 12,279 9,730
32,261 30,315
Creditors: amounts falling due within one year 5 (23,773) (18,458)
Net current assets 8,488 11,857
Total assets less current liabilities 8,688 12,257
Creditors: amounts falling due after more than one year 6 (7,973) (11,794)
Provisions for liabilities (38) (76)
Net assets 677 387
Capital and reserves
Called up share capital 100 100
Profit and loss account 577 287
Shareholders' funds 677 387
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. Parkinson
Director
Approved by the board on 4 November 2024
A.K.A. Vision Ltd
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets, other than loans to the director, are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2023 3,517
Disposals (190)
At 5 April 2024 3,327
Depreciation
At 6 April 2023 3,117
Charge for the year 200
On disposals (190)
At 5 April 2024 3,127
Net book value
At 5 April 2024 200
At 5 April 2023 400
4 Debtors 2024 2023
£ £
Trade debtors 13,092 15,289
Other debtors 6,890 5,296
19,982 20,585
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,820 3,501
Taxation and social security costs 19,953 14,957
23,773 18,458
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,973 11,794
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A. Parkinson
Overdrawn director's loan account, interest free and repayable on demand. 5,296 6,890 (5,296) 6,890
5,296 6,890 (5,296) 6,890
8 Other information
A.K.A. Vision Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Clearways Accountants
Clearways
Colley Way
Reigate
RH2 9JH
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