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REGISTERED NUMBER: 12946498 (England and Wales)












AKN Law Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024






AKN Law Limited (Registered number: 12946498)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


AKN Law Limited

Company Information
for the Year Ended 31 October 2024







Director: N A Kayani





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 12946498 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

AKN Law Limited (Registered number: 12946498)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 233 311

Current assets
Debtors 5 19,464 28,311
Cash at bank 57,105 42,678
76,569 70,989
Creditors
Amounts falling due within one year 6 13,593 12,604
Net current assets 62,976 58,385
Total assets less current liabilities 63,209 58,696

Capital and reserves
Called up share capital 7 1 1
Retained earnings 63,208 58,695
Shareholders' funds 63,209 58,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AKN Law Limited (Registered number: 12946498)

Balance Sheet - continued
31 October 2024


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 director and authorised for issue on 5 December 2024 and were signed by:





N A Kayani - Director


AKN Law Limited (Registered number: 12946498)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. Statutory information

AKN Law Limited is a private company, limited by shares , registered in England and Wales. 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.
Fixtures and fittings - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

AKN Law Limited (Registered number: 12946498)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 November 2023
and 31 October 2024 828
Depreciation
At 1 November 2023 517
Charge for year 78
At 31 October 2024 595
Net book value
At 31 October 2024 233
At 31 October 2023 311

5. Debtors: amounts falling due within one year
31.10.24 31.10.23
£    £   
Other debtors 134 134
Directors' current accounts 13,353 20,516
Accrued income 5,977 7,661
19,464 28,311

6. Creditors: amounts falling due within one year
31.10.24 31.10.23
£    £   
Corporation tax 8,953 8,805
VAT 3,530 2,689
Accrued expenses 1,110 1,110
13,593 12,604

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1 Ordinary £1 1 1

AKN Law Limited (Registered number: 12946498)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
N A Kayani
Balance outstanding at start of year 20,516 -
Amounts advanced 13,353 20,516
Amounts repaid (20,516 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,353 20,516

The loan attracts interest at a commercial rate and is fully repayable upon demand.