2 false false false false false false false false false false true false false false false true true No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 6,964 6,893 18 6,911 53 71 xbrli:pure xbrli:shares iso4217:GBP 02674045 2024-01-01 2024-12-31 02674045 2024-12-31 02674045 2023-12-31 02674045 2023-01-01 2023-12-31 02674045 2023-12-31 02674045 2022-12-31 02674045 core:FurnitureFittings 2024-01-01 2024-12-31 02674045 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 02674045 bus:Director2 2024-01-01 2024-12-31 02674045 core:FurnitureFittings 2023-12-31 02674045 core:FurnitureFittings 2024-12-31 02674045 core:WithinOneYear 2024-12-31 02674045 core:WithinOneYear 2023-12-31 02674045 core:AfterOneYear 2024-12-31 02674045 core:AfterOneYear 2023-12-31 02674045 core:ShareCapital 2024-12-31 02674045 core:ShareCapital 2023-12-31 02674045 core:RetainedEarningsAccumulatedLosses 2024-12-31 02674045 core:RetainedEarningsAccumulatedLosses 2023-12-31 02674045 core:FurnitureFittings 2023-12-31 02674045 bus:Director2 2023-12-31 02674045 bus:Director2 2024-12-31 02674045 bus:Director2 2022-12-31 02674045 bus:Director2 2023-12-31 02674045 bus:Director2 2023-01-01 2023-12-31 02674045 bus:SmallEntities 2024-01-01 2024-12-31 02674045 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02674045 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02674045 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02674045 bus:FullAccounts 2024-01-01 2024-12-31 02674045 bus:OrdinaryShareClass1 2024-12-31 02674045 bus:OrdinaryShareClass1 2023-12-31
COMPANY REGISTRATION NUMBER: 02674045
Anikem Limited
Filleted Unaudited Financial Statements
31 December 2024
Anikem Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
53
71
Current assets
Stocks
51,710
49,393
Debtors
6
109,323
146,006
Cash at bank and in hand
6,518
8,487
---------
---------
167,551
203,886
Creditors: amounts falling due within one year
7
136,130
151,879
---------
---------
Net current assets
31,421
52,007
--------
--------
Total assets less current liabilities
31,474
52,078
Creditors: amounts falling due after more than one year
8
28,691
50,072
Provisions
11
13
--------
--------
Net assets
2,772
1,993
--------
--------
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
2,672
1,893
-------
-------
Shareholders funds
2,772
1,993
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Anikem Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 22 April 2025 , and are signed on behalf of the board by:
Mr P Duggan
Director
Company registration number: 02674045
Anikem Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 66 Walton Road, Sale, M33 4BA, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 January 2024 and 31 December 2024
6,964
-------
Depreciation
At 1 January 2024
6,893
Charge for the year
18
-------
At 31 December 2024
6,911
-------
Carrying amount
At 31 December 2024
53
-------
At 31 December 2023
71
-------
6. Debtors
2024
2023
£
£
Trade debtors
46,536
74,078
Other debtors
62,787
71,928
---------
---------
109,323
146,006
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
55,386
81,581
Trade creditors
47,721
40,301
Corporation tax
24,266
13,685
Social security and other taxes
6,817
14,548
Other creditors
1,940
1,764
---------
---------
136,130
151,879
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
28,691
50,072
--------
--------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr P Duggan
61,185
25,500
( 40,065)
46,620
--------
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr P Duggan
51,386
39,800
( 30,001)
61,185
--------
--------
--------
--------