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REGISTERED NUMBER: SC399075 (Scotland)















Unaudited Financial Statements for the Year Ended 29 November 2023

for

Akasha Enterprises Ltd

Akasha Enterprises Ltd (Registered number: SC399075)






Contents of the Financial Statements
for the Year Ended 29 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Akasha Enterprises Ltd

Company Information
for the Year Ended 29 November 2023







DIRECTORS: Mrs S Sloan-murphy
Miss F Sloan-murphy





REGISTERED OFFICE: 308 Morningside Road
Edinburgh
EH10 4QH





REGISTERED NUMBER: SC399075 (Scotland)





ACCOUNTANTS: J S Accounting Services Limited
13-15 Morningside Drive
EDINBURGH
EH10 5LZ

Akasha Enterprises Ltd (Registered number: SC399075)

Balance Sheet
29 November 2023

29.11.23 29.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,091 2,538

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 5 2,791 -
Cash at bank and in hand 11,605 27,369
21,896 34,869
CREDITORS
Amounts falling due within one year 6 9,944 11,675
NET CURRENT ASSETS 11,952 23,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,043

25,732

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 14,041 25,730
SHAREHOLDERS' FUNDS 14,043 25,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Miss F Sloan-murphy - Director


Akasha Enterprises Ltd (Registered number: SC399075)

Notes to the Financial Statements
for the Year Ended 29 November 2023

1. STATUTORY INFORMATION

Akasha Enterprises Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Akasha Enterprises Ltd (Registered number: SC399075)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 November 2022
and 29 November 2023 12,600
DEPRECIATION
At 30 November 2022 10,062
Charge for year 447
At 29 November 2023 10,509
NET BOOK VALUE
At 29 November 2023 2,091
At 29 November 2022 2,538

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 29.11.22
£    £   
Other debtors 2,791 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 29.11.22
£    £   
Trade creditors 3,697 3,697
Taxation and social security 550 1,143
Other creditors 5,697 6,835
9,944 11,675

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company is due Mrs Sloan- murphy £nil (2022: £2,791) at the year end.