Company Registration No. 13926049 (England and Wales)
AK TECHNOLOGIES GROUP LTD
Unaudited accounts
for the year ended 29 February 2024
AK TECHNOLOGIES GROUP LTD
Unaudited accounts
Contents
AK TECHNOLOGIES GROUP LTD
Company Information
for the year ended 29 February 2024
Director
Dr Karthik Thanagraj
Company Number
13926049 (England and Wales)
Registered Office
35 HIGHFIELD LANE
QUINTON
BIRMINGHAM
B32 1QR
ENGLAND
AK TECHNOLOGIES GROUP LTD
Statement of financial position
as at 29 February 2024
Intangible assets
(11,863)
-
Tangible assets
2,542
5,085
Cash at bank and in hand
20,328
12,907
Creditors: amounts falling due within one year
(766)
(2,185)
Net current assets
19,562
12,536
Total assets less current liabilities
10,241
17,621
Creditors: amounts falling due after more than one year
-
(8,449)
Called up share capital
1
1
Profit and loss account
10,240
9,171
Shareholders' funds
10,241
9,172
For the year ending 29 February 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 November 2024 and were signed on its behalf by
Dr Karthik Thanagraj
Director
Company Registration No. 13926049
AK TECHNOLOGIES GROUP LTD
Notes to the Accounts
for the year ended 29 February 2024
AK TECHNOLOGIES GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 13926049. The registered office is 35 HIGHFIELD LANE, QUINTON, BIRMINGHAM, B32 1QR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in ã sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15% straight line depreciation
4
Intangible fixed assets
Goodwill
Other increase/(decrease)
11,863
At 29 February 2024
11,863
At 29 February 2024
(11,863)
AK TECHNOLOGIES GROUP LTD
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
503
34
Taxes and social security
263
2,151
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
8,449
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).