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REGISTERED NUMBER: 08161859 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

AKAAL CHANNEL LIMITED

AKAAL CHANNEL LIMITED (REGISTERED NUMBER: 08161859)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AKAAL CHANNEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: A Singh





REGISTERED OFFICE: 68 - 82 Soho Hill
Hockley
Birmingham
West Midlands
B19 1AA





REGISTERED NUMBER: 08161859 (England and Wales)

AKAAL CHANNEL LIMITED (REGISTERED NUMBER: 08161859)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,901 151,316

CURRENT ASSETS
Debtors 5 268,434 125,702
Cash at bank 65,364 68,913
333,798 194,615
CREDITORS
Amounts falling due within one year 6 611,793 520,699
NET CURRENT LIABILITIES (277,995 ) (326,084 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(146,094

)

(174,768

)

CREDITORS
Amounts falling due after more than one
year

7

23,333

33,333
NET LIABILITIES (169,427 ) (208,101 )

CAPITAL AND RESERVES
Called up share capital 9 1,800 1,800
Retained earnings 10 (171,227 ) (209,901 )
SHAREHOLDERS' FUNDS (169,427 ) (208,101 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

AKAAL CHANNEL LIMITED (REGISTERED NUMBER: 08161859)

BALANCE SHEET - continued
31 JANUARY 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 17 January 2025 and were signed by:





A Singh - Director


AKAAL CHANNEL LIMITED (REGISTERED NUMBER: 08161859)

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

1. STATUTORY INFORMATION

Akaal Channel 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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 2 ) .

AKAAL CHANNEL LIMITED (REGISTERED NUMBER: 08161859)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 316,084 11,637 1,700 90,907 420,328
Additions - 516 - - 516
At 31 January 2024 316,084 12,153 1,700 90,907 420,844
DEPRECIATION
At 1 February 2023 201,455 6,598 1,604 59,355 269,012
Charge for year 11,463 556 24 7,888 19,931
At 31 January 2024 212,918 7,154 1,628 67,243 288,943
NET BOOK VALUE
At 31 January 2024 103,166 4,999 72 23,664 131,901
At 31 January 2023 114,629 5,039 96 31,552 151,316

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 184,832 39,166
Other debtors 37,921 37,921
VAT 16,481 17,196
Prepayments 29,200 31,419
268,434 125,702

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors 104,841 73,916
Social security and other taxes 2,007 2,236
Other Creditors 323,792 272,792
Directors' current accounts 179,653 170,255
Accrued expenses 1,500 1,500
611,793 520,699

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans (see note 8) 23,333 33,333

AKAAL CHANNEL LIMITED (REGISTERED NUMBER: 08161859)

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

8. LOANS

An analysis of the maturity of loans is given below:

31/1/24 31/1/23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 23,333 33,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
1,800 Ordinary 1 1,800 1,800

10. RESERVES
Retained
earnings
£   

At 1 February 2023 (209,901 )
Profit for the year 38,674
At 31 January 2024 (171,227 )