Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 NI623987 Mr Laura Cesnaite iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI623987 2023-04-30 NI623987 2024-04-30 NI623987 2023-05-01 2024-04-30 NI623987 frs-core:CurrentFinancialInstruments 2024-04-30 NI623987 frs-core:Non-currentFinancialInstruments 2024-04-30 NI623987 frs-core:PlantMachinery 2024-04-30 NI623987 frs-core:PlantMachinery 2023-05-01 2024-04-30 NI623987 frs-core:PlantMachinery 2023-04-30 NI623987 frs-core:ShareCapital 2024-04-30 NI623987 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI623987 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI623987 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 NI623987 frs-bus:SmallEntities 2023-05-01 2024-04-30 NI623987 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 NI623987 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI623987 frs-bus:Director1 2023-05-01 2024-04-30 NI623987 frs-countries:NorthernIreland 2023-05-01 2024-04-30 NI623987 2022-04-30 NI623987 2023-04-30 NI623987 2022-05-01 2023-04-30 NI623987 frs-core:CurrentFinancialInstruments 2023-04-30 NI623987 frs-core:Non-currentFinancialInstruments 2023-04-30 NI623987 frs-core:ShareCapital 2023-04-30 NI623987 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: NI623987
AKV Energy Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI623987
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 436,788 467,268
436,788 467,268
CURRENT ASSETS
Debtors 5 29,268 40,844
Cash at bank and in hand 37,579 55,436
66,847 96,280
Creditors: Amounts Falling Due Within One Year 6 (5,701 ) (811,047 )
NET CURRENT ASSETS (LIABILITIES) 61,146 (714,767 )
TOTAL ASSETS LESS CURRENT LIABILITIES 497,934 (247,499 )
Creditors: Amounts Falling Due After More Than One Year 7 (762,510 ) -
NET LIABILITIES (264,576 ) (247,499 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (264,676 ) (247,599 )
SHAREHOLDERS' FUNDS (264,576) (247,499)
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Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Laura Cesnaite
Director
09/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AKV Energy Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI623987 . The registered office is Unit 4A Channel Wharf, 21 Old Channel Road, Belfast, County Antrim, BT3 9DE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 5% Straight Line
2.4. Foreign Currencies
The accounts are presented in £ sterling.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2023 623,023
As at 30 April 2024 623,023
Depreciation
As at 1 May 2023 155,755
Provided during the period 30,480
As at 30 April 2024 186,235
Net Book Value
As at 30 April 2024 436,788
As at 1 May 2023 467,268
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 29,268 40,844
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 6,894
Other creditors 2,158 804,153
Taxation and social security 3,542 -
5,701 811,047
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 762,510 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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