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Registered number: 07932794
Shakefree Ltd
Unaudited Financial Statements
For The Year Ended 27 February 2024
The Arkk Alliance Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07932794
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 580 1,169
580 1,169
CURRENT ASSETS
Debtors 5 296 416
Cash at bank and in hand 1,250 1,859
1,546 2,275
Creditors: Amounts Falling Due Within One Year 6 (37,966 ) (37,274 )
NET CURRENT ASSETS (LIABILITIES) (36,420 ) (34,999 )
TOTAL ASSETS LESS CURRENT LIABILITIES (35,840 ) (33,830 )
NET LIABILITIES (35,840 ) (33,830 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (35,940 ) (33,930 )
SHAREHOLDERS' FUNDS (35,840) (33,830)
Page 1
Page 2
For the year ending 27 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mario Muth
Director
15th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Shakefree Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07932794 . The registered office is Flat 3 59 Sloane Gardens, London, SW1W 8ED.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Straight Line Method
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 1 1
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 28 February 2023 48,033
As at 27 February 2024 48,033
Depreciation
As at 28 February 2023 46,864
Provided during the period 589
As at 27 February 2024 47,453
Net Book Value
As at 27 February 2024 580
As at 28 February 2023 1,169
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
VAT 296 416
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 946 -
Director's loan account 37,020 37,274
37,966 37,274
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4