Registered number
10658721
AK Urbanism Limited
Filleted Accounts
31 March 2024
AK Urbanism Limited
Registered number: 10658721
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 650 1,155
Current assets
Debtors 4 131,095 88,466
Cash at bank and in hand 93,391 61,568
224,486 150,034
Creditors: amounts falling due within one year 5 (47,060) (26,549)
Net current assets 177,426 123,485
Total assets less current liabilities 178,076 124,640
Creditors: amounts falling due after more than one year 6 (15,000) -
Net assets 163,076 124,640
Capital and reserves
Called up share capital 100 100
Profit and loss account 162,976 124,540
Shareholder's funds 163,076 124,640
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 member has 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.
M A Keown
Director
Approved by the board on 30 November 2024
AK Urbanism Limited
Notes to the Accounts
for the year ended 31 March 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Computer equipment over 4 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 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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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 1
3 Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2023 8,015
At 31 March 2024 8,015
Depreciation
At 1 April 2023 6,860
Charge for the year 505
At 31 March 2024 7,365
Net book value
At 31 March 2024 650
At 31 March 2023 1,155
4 Debtors 2024 2023
£ £
Trade debtors 131,095 88,466
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 45,060 24,549
Other creditors 2,000 2,000
47,060 26,549
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan 15,000 -
7 Controlling party
The company is controlled by the director.
8 Other information
AK Urbanism Limited is a private company limited by shares and incorporated in England. Its registered office is:
Apartment 5 Brook House
Belworth Drive
Hatherley
Cheltenham
Glos
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