Registered number
05838151
Building AK Limited
Filleted Accounts
30 June 2024
Building AK Limited
Registered number: 05838151
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 70,400 3,675
Current assets
Debtors 4 6,881 9,600
Cash at bank and in hand 173,571 207,154
180,452 216,754
Creditors: amounts falling due within one year 5 (73,590) (67,144)
Net current assets 106,862 149,610
Total assets less current liabilities 177,262 153,285
Creditors: amounts falling due after more than one year 6 (13,460) (22,904)
Provisions for liabilities (6,984) (839)
Net assets 156,818 129,542
Capital and reserves
Called up share capital 100 100
Profit and loss account 156,718 129,442
Shareholders' funds 156,818 129,542
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Augustyn Kramarz
Director
Approved by the board on 6 January 2025
Building AK Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to stakeholder pension plans are expensed in the period when they are paid.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 15,125 24,360 39,485
Additions - 80,172 80,172
Disposals - (24,360) (24,360)
At 30 June 2024 15,125 80,172 95,297
Depreciation
At 1 July 2023 11,450 24,360 35,810
Charge for the year 1,982 11,465 13,447
On disposals - (24,360) (24,360)
At 30 June 2024 13,432 11,465 24,897
Net book value
At 30 June 2024 1,693 68,707 70,400
At 30 June 2023 3,675 - 3,675
4 Debtors 2024 2023
£ £
Trade debtors 6,283 9,600
Other debtors, prepayments and deposits 598 -
6,881 9,600
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors 12,922 13,882
Taxation and social security costs 48,987 42,367
Other creditors, shareholders loans 1,033 247
73,590 67,144
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,460 22,904
7 Other information
Building AK Limited is a private company limited by shares and incorporated in England. Its registered office is:
34 Woodland Gardens
Isleworth
Middlesex
TW7 6LL
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