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Company Registration No. 08444687 (England and Wales)
AKRK Limited Unaudited accounts for the year ended 31 March 2024
AKRK Limited Unaudited accounts Contents
Page
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AKRK Limited Company Information for the year ended 31 March 2024
Director
A Drazba
Company Number
08444687 (England and Wales)
Registered Office
86-88 HIGH STREET CHATHAM ME4 4DS ENGLAND
Accountants
Xeinadin 8th Floor, Becket House 36 Old Jewry London EC2R 8DD
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AKRK Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,675 
1,073 
Current assets
Inventories
39,500 
7,900 
Debtors
- 
128,085 
Cash at bank and in hand
152,068 
27,184 
191,568 
163,169 
Creditors: amounts falling due within one year
(105,948)
(19,259)
Net current assets
85,620 
143,910 
Total assets less current liabilities
91,295 
144,983 
Creditors: amounts falling due after more than one year
- 
(71,000)
Net assets
91,295 
73,983 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
91,293 
73,981 
Shareholders' funds
91,295 
73,983 
For the year ending 31 March 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 19 December 2024 and were signed on its behalf by
A Drazba Director Company Registration No. 08444687
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AKRK Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
AKRK Limited is a private company, limited by shares, registered in England and Wales, registration number 08444687. The registered office is 86-88 HIGH STREET, CHATHAM, ME4 4DS, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Fixtures & fittings
25% on reducing value
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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AKRK Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,430 
Additions
6,494 
At 31 March 2024
7,924 
Depreciation
At 1 April 2023
357 
Charge for the year
1,892 
At 31 March 2024
2,249 
Net book value
At 31 March 2024
5,675 
At 31 March 2023
1,073 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
4,085 
Accrued income and prepayments
- 
64,000 
- 
68,085 
Amounts falling due after more than one year
Other debtors
- 
60,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
55,141 
- 
Taxes and social security
7,673 
11,293 
Other creditors
23,659 
3,912 
Loans from directors
14,519 
2,034 
Accruals
4,956 
2,020 
105,948 
19,259 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
71,000 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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