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REGISTERED NUMBER: 11124583 (England and Wales)



















AKS & JSS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






AKS & JSS LIMITED (REGISTERED NUMBER: 11124583)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


AKS & JSS LIMITED (REGISTERED NUMBER: 11124583)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,083 18,583
Tangible assets 5 211,636 247,751
227,719 266,334

CURRENT ASSETS
Stocks 4,142 6,503
Debtors 6 190,076 104,899
Cash at bank and in hand 32,604 65,244
226,822 176,646
CREDITORS
Amounts falling due within one year 7 225,671 224,846
NET CURRENT ASSETS/(LIABILITIES) 1,151 (48,200 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,870

218,134

CREDITORS
Amounts falling due after more than one
year

8

(333,018

)

(362,138

)

PROVISIONS FOR LIABILITIES (36,836 ) (43,109 )
NET LIABILITIES (140,984 ) (187,113 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (141,084 ) (187,213 )
(140,984 ) (187,113 )

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





Mr J S Sohal - Director


AKS & JSS LIMITED (REGISTERED NUMBER: 11124583)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

AKS & JSS Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11124583

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when performance obligations are satisfied and control has transferred to the customer. For goods sold in store

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Improvements to property - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

AKS & JSS LIMITED (REGISTERED NUMBER: 11124583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

AKS & JSS LIMITED (REGISTERED NUMBER: 11124583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Franchise
£   
COST
At 1 April 2023
and 31 March 2024 25,000
AMORTISATION
At 1 April 2023 6,417
Amortisation for year 2,500
At 31 March 2024 8,917
NET BOOK VALUE
At 31 March 2024 16,083
At 31 March 2023 18,583

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 83,475 26,743 250,928 12,679 373,825
DEPRECIATION
At 1 April 2023 26,434 8,469 78,492 12,679 126,074
Charge for year 8,348 2,674 25,093 - 36,115
At 31 March 2024 34,782 11,143 103,585 12,679 162,189
NET BOOK VALUE
At 31 March 2024 48,693 15,600 147,343 - 211,636
At 31 March 2023 57,041 18,274 172,436 - 247,751

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 170,000 85,000
Other debtors 20,076 19,899
190,076 104,899

AKS & JSS LIMITED (REGISTERED NUMBER: 11124583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,374 29,626
Trade creditors 26,366 22,591
Amounts owed to group undertakings 120,151 128,980
Taxation and social security 14,354 13,025
Other creditors 35,426 30,624
225,671 224,846

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,018 42,138
Other creditors 320,000 320,000
333,018 362,138

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 68,000 68,000
Between one and five years 272,000 272,000
In more than five years 340,000 408,000
680,000 748,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Domenico Maurello (Senior Statutory Auditor)
for and on behalf of Keelings Limited

11. ULTIMATE CONTROLLING PARTY

Parent & Ultimate Parent Company
ACCA Limited is regarded by the director as being the immediate and ultimate parent company.

Ultimate Controlling Party
ACCA Group Limited controls the parent company and is therefore the ultimate controlling company.

ACCA Group Limited prepares group consolidated financial statements and they can be obtained at the following address:

71 Knowl Piece
Wilbury Way
Hitchin
SG4 0TY