Registered number
03343846
AKMI LIMITED
Filleted Accounts
30 April 2024
AKMI LIMITED
Registered number: 03343846
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,399,298 1,400,347
Current assets
Debtors 4 10,664 10,036
Cash at bank and in hand 189,207 144,198
199,871 154,234
Creditors: amounts falling due within one year 5 (40,179) (55,427)
Net current assets 159,692 98,807
Total assets less current liabilities 1,558,990 1,499,154
Creditors: amounts falling due after more than one year 6 (418,943) (427,750)
Net assets 1,140,047 1,071,404
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,140,045 1,071,402
Shareholders' funds 1,140,047 1,071,404
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andreas Antoniou Koumi
Director
Approved by the board on 10 January 2025
AKMI LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rents receivable during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 1,399,198 76,182 1,475,380
At 30 April 2024 1,399,198 76,182 1,475,380
Depreciation
At 1 May 2023 - 75,033 75,033
Charge for the year - 1,049 1,049
At 30 April 2024 - 76,082 76,082
Net book value
At 30 April 2024 1,399,198 100 1,399,298
At 30 April 2023 1,399,198 1,149 1,400,347
4 Debtors 2024 2023
£ £
Trade debtors 10,664 10,036
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 25,690
Taxation and social security costs 27,235 20,395
Other creditors 12,944 9,342
40,179 55,427
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 418,943 427,750
7 Controlling party
The company was in both the current and preceding accounting periods under the ultimate control of its director by virtue of his ownership of the company’s entire issued share capital.
8 Other information
AKMI LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
155A West Green Road
London
N15 5EA
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