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Registered number: 12447454
AKWABA CHERI'S LTD
Unaudited Financial Statements
For The Year Ended 28 February 2024
CLASSIC ACCOUNTANCY SERVICES (UK) LTD
33a Crook Log
Bexleyheath
Kent
DA6 8EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12447454
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,036 19,036
19,036 19,036
CURRENT ASSETS
Stocks 5 - 10,000
Debtors 6 15,205 15,205
Cash at bank and in hand 22,055 12,055
37,260 37,260
Creditors: Amounts Falling Due Within One Year 7 (49,377 ) (49,377 )
NET CURRENT ASSETS (LIABILITIES) (12,117 ) (12,117 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,919 6,919
Creditors: Amounts Falling Due After More Than One Year 8 (38,934 ) (38,934 )
NET LIABILITIES (32,015 ) (32,015 )
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account (32,215 ) (32,215 )
SHAREHOLDERS' FUNDS (32,015) (32,015)
Page 1
Page 2
For the year ending 28 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 directors acknowledge their 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 Koffi N'Guessan
Director
30/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AKWABA CHERI'S LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12447454 . The registered office is 38 London Road, Croydon, Surrey, CR0 2TA.
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:
Plant & Machinery 25%
Fixtures & Fittings 25%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 25,620 19,500 45,120
As at 28 February 2024 25,620 19,500 45,120
Depreciation
As at 1 March 2023 14,811 11,273 26,084
As at 28 February 2024 14,811 11,273 26,084
Net Book Value
As at 28 February 2024 10,809 8,227 19,036
As at 1 March 2023 10,809 8,227 19,036
5. Stocks
2024 2023
£ £
Materials - 10,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,205 15,205
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,187 43,187
Directors' loan accounts 6,190 6,190
49,377 49,377
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 38,934 38,934
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 5