AK FUEL LIMITED

Company Registration Number:
05841178 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

AK FUEL LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

AK FUEL LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 22,500 32,500
Tangible assets: 4 397,297 251,193
Investments: 5 1,272,618 1,145,000
Total fixed assets: 1,692,415 1,428,693
Current assets
Stocks: 753,474 305,498
Debtors:   487,598 82,582
Cash at bank and in hand: 1,610,050 931,347
Total current assets: 2,851,122 1,319,427
Creditors: amounts falling due within one year:   (2,975,127) (1,829,343)
Net current assets (liabilities): (124,005) (509,916)
Total assets less current liabilities: 1,568,410 918,777
Creditors: amounts falling due after more than one year:   (311,906) 0
Total net assets (liabilities): 1,256,504 918,777
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,256,404 918,677
Shareholders funds: 1,256,504 918,777

The notes form part of these financial statements

AK FUEL LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 February 2025
and signed on behalf of the board by:

Name: Muhammad Ajmal Dar
Status: Director

The notes form part of these financial statements

AK FUEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

AK FUEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 48 45

AK FUEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible Assets

Total
Cost £
At 01 July 2023 100,000
At 30 June 2024 100,000
Amortisation
At 01 July 2023 67,500
Charge for year 10,000
At 30 June 2024 77,500
Net book value
At 30 June 2024 22,500
At 30 June 2023 32,500

AK FUEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
At 01 July 2023 663,875
Additions 234,009
At 30 June 2024 897,884
Depreciation
At 01 July 2023 412,682
Charge for year 87,905
At 30 June 2024 500,587
Net book value
At 30 June 2024 397,297
At 30 June 2023 251,193

AK FUEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Fixed investments

The amount of £1,272,618 included under fixed asset investments as at 30 June 2024 is comprised of loans to associated companies including £655,000 loaned to Karim Investment Group Ltd, £40,000 loaned to AK Property Investments MCR Ltd and £588,618 loaned to Dar's Son Properties Ltd. This has been reduced by £11,000 owed to associated company Corner Stone MCR Ltd.

AK FUEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Related party transactions

During the year, the company leased the Cheshire, Mauldeth, Leigh, Penketh and Higherland fuel stations which make monthly rental payments to the directors who own the properties jointly.