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Registration number: SC384542

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AKEO Consulting Ltd

Unaudited Filleted Financial Statements

for the Period from 1 September 2023 to 30 November 2024

 

AKEO Consulting Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4 to 7

 

AKEO Consulting Ltd

Company Information

Directors

Andrew Derek Spalding

Registered office

16 Balmerino Place
Bishopbriggs
Glasgow
G64 1LW

Bankers

Cater Allen
9 Nelson Street
Bradford
BD1 5AN

Accountants

RGA Scotland Limited Chartered Accountants
Orchardlea
Callander
FK17 8BG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
AKEO Consulting Ltd
for the Period Ended 30 November 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AKEO Consulting Ltd for the period ended 30 November 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.
 

This report is made solely to the Board of Directors of AKEO Consulting Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of AKEO Consulting Ltd and state those matters that we have agreed to state to the Board of Directors of AKEO Consulting Ltd, as a body, in this report.

This is in accordance with the requirements of such bodies as the Association of Chartered Certified Accountants and, to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AKEO Consulting Ltd and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that AKEO Consulting Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of AKEO Consulting Ltd. You consider that AKEO Consulting Ltd is exempt from the statutory audit requirement for the period.
 

We have not been instructed to carry out an audit or a review of the accounts of AKEO Consulting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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....................................................................

RGA Scotland Limited
Chartered Accountants
Orchardlea
Callander
FK17 8BG


 

7 January 2025

 

AKEO Consulting Ltd

(Registration number: SC384542)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

-

32,150

Current assets

 

Cash at bank and in hand

 

216,030

145,899

Creditors: Amounts falling due within one year

6

(6,980)

53,188

Net current assets

 

209,050

199,087

Total assets less current liabilities

 

209,050

231,237

Provisions for liabilities

-

(6,108)

Net assets

 

209,050

225,129

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

208,950

225,029

Shareholders' funds

 

209,050

225,129

For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 7 January 2025
 

.........................................
Andrew Derek Spalding
Director

 

AKEO Consulting Ltd

Notes to the Financial Statements for the Period from 1 September 2023 to 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The company has ceased trading and will be closed through a member's voluntary liquidation.

The address of its registered office is:
16 Balmerino Place
Bishopbriggs
Glasgow
G64 1LW

These financial statements were authorised for issue by the director on 7 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

AKEO Consulting Ltd

Notes to the Financial Statements for the Period from 1 September 2023 to 30 November 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings, equipment

balance after disposal of residual assets

Motor vehicles

balance after disposal of asset

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

AKEO Consulting Ltd

Notes to the Financial Statements for the Period from 1 September 2023 to 30 November 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

9,850

10,824

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

2,120

56,490

58,610

Disposals

-

(22,300)

(22,300)

At 30 November 2024

2,120

34,190

36,310

Depreciation

At 1 September 2023

1,470

24,990

26,460

Charge for the period

650

9,200

9,850

At 30 November 2024

2,120

34,190

36,310

Carrying amount

At 30 November 2024

-

-

-

At 31 August 2023

650

31,500

32,150

 

AKEO Consulting Ltd

Notes to the Financial Statements for the Period from 1 September 2023 to 30 November 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

2,603

(61,420)

Taxation and social security

 

2,377

6,732

Accruals and deferred income

 

2,000

1,500

 

6,980

(53,188)

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

6,561

Director current account

2,603

(67,981)

2,603

(61,420)