Company Registration No. 11433000 (England and Wales)
AK Hot Tub Holiday Homes Ltd
Unaudited accounts
for the year ended 30 June 2024
AK Hot Tub Holiday Homes Ltd
Unaudited accounts
Contents
AK Hot Tub Holiday Homes Ltd
Company Information
for the year ended 30 June 2024
Company Number
11433000 (England and Wales)
Registered Office
111 High Street
LINCOLN
LN5 7PY
UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
AK Hot Tub Holiday Homes Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
325,813
89,937
Cash at bank and in hand
22,084
58,458
Creditors: amounts falling due within one year
(12,837)
(14,675)
Net current assets
14,247
53,783
Total assets less current liabilities
340,060
143,720
Creditors: amounts falling due after more than one year
(193,429)
(15,215)
Provisions for liabilities
Deferred tax
(20,911)
(17,087)
Net assets
125,720
111,418
Called up share capital
100
100
Capital contribution reserve
16,000
16,000
Profit and loss account
109,620
95,318
Shareholders' funds
125,720
111,418
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 February 2025 and were signed on its behalf by
Andrew Thornton
Director
Company Registration No. 11433000
AK Hot Tub Holiday Homes Ltd
Notes to the Accounts
for the year ended 30 June 2024
AK Hot Tub Holiday Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11433000. The registered office is 111 High Street, LINCOLN, LN5 7PY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
10% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
AK Hot Tub Holiday Homes Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2023
16,693
13,365
116,401
349
146,808
Additions
167,750
-
77,250
-
245,000
At 30 June 2024
184,443
13,365
193,651
349
391,808
At 1 July 2023
8,127
7,124
41,396
224
56,871
Charge for the year
1,283
1,560
6,250
31
9,124
At 30 June 2024
9,410
8,684
47,646
255
65,995
At 30 June 2024
175,033
4,681
146,005
94
325,813
At 30 June 2023
8,566
6,241
75,005
125
89,937
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Fixtures & fittings
4,216
7,144
Amounts falling due after more than one year
Other debtors
5,000
10,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,500
5,500
Obligations under finance leases and hire purchase contracts
3,429
3,429
Taxes and social security
-
4,876
Loans from directors
43
30
A five year term BB Loan is in place of some £27,500 with a Government Guarantee in place.
20% of the total loan is classified as a current liability £5,500
AK Hot Tub Holiday Homes Ltd
Notes to the Accounts
for the year ended 30 June 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
286
3,715
The remaining balance of the BB Loan £5,643 has been reported in these statements within long term liabilities, falling due after 1 year.
Yr 2. £5,500
Yr 3. £143
Balance of a HP agreement falling due after 1year: £286
A fixed charge lodged at Companies House on August 4th 2023 against
210 Newark Rd, Lincoln, LN5 8RH.
is in place in favour of the: Vernon Building Society for £187,500
being an interest only holiday home mortgage.
8
Deferred taxation
2024
2023
Accelerated capital allowances
20,911
17,087
Provision at start of year
17,087
16,451
Charged to the profit and loss account
3,824
636
Provision at end of year
20,911
17,087
A deferred taxation reserve of some £20,911 has been created due to accelerated capital allowances.
This reserve will reverse in future periods and create a tax liability at the prevailing rate on the day.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).