Registered number
09923166
AK Windows & Doors Limited
Filleted Accounts
30 April 2024
AK Windows & Doors Limited
Registered number: 09923166
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 105,696 115,080
Current assets
Stocks 34,115 57,640
Debtors 4 362,926 226,158
Cash at bank and in hand 15,893 20,956
412,934 304,754
Creditors: amounts falling due within one year 5 (240,355) (209,250)
Net current assets 172,579 95,504
Total assets less current liabilities 278,275 210,584
Creditors: amounts falling due after more than one year 6 (119,035) (78,763)
Net assets 159,240 131,821
Capital and reserves
Called up share capital 10 10
Profit and loss account 159,230 131,811
Shareholder's funds 159,240 131,821
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr A A Khan
Director
Approved by the board on 25 April 2025
AK Windows & Doors Limited
Notes to the Accounts
for the year ended 30 April 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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 15% on reducing balance
Motor Vehicles 20% on reducing balance
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 initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 14
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 98,471 50,422 148,893
Additions 9,752 - 9,752
Disposals - (11,750) (11,750)
At 30 April 2024 108,223 38,672 146,895
Depreciation
At 1 May 2023 13,495 20,318 33,813
Charge for the year 10,681 5,319 16,000
On disposals - (8,614) (8,614)
At 30 April 2024 24,176 17,023 41,199
Net book value
At 30 April 2024 84,047 21,649 105,696
At 30 April 2023 84,976 30,104 115,080
4 Debtors 2024 2023
£ £
Trade debtors 226,671 226,158
Other debtors 136,255 -
362,926 226,158
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,062 11,062
Obligations under finance lease and hire purchase contracts 2,792 3,709
Trade creditors 151,354 148,508
Taxation and social security costs 36,297 28,620
Other creditors 38,850 17,351
240,355 209,250
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,035 23,982
Obligations under finance lease and hire purchase contracts - 2,791
Other creditors 100,000 51,990
119,035 78,763
7 Other information
AK Windows & Doors Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ereconomic House
Salisbury Street, Wolverhampton
WV3 0BG
AK Windows & Doors Limited 09923166 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts April 2025 Mr A A Khan No description of principal activity 09923166 2022-05-01 2023-04-30 09923166 core:WithinOneYear 2023-04-30 09923166 core:AfterOneYear 2023-04-30 09923166 core:ShareCapital 2023-04-30 09923166 core:RetainedEarningsAccumulatedLosses 2023-04-30 09923166 2023-05-01 2024-04-30 09923166 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09923166 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09923166 bus:Director40 2023-05-01 2024-04-30 09923166 1 2023-05-01 2024-04-30 09923166 2 2023-05-01 2024-04-30 09923166 core:PlantMachinery 2023-05-01 2024-04-30 09923166 core:Vehicles 2023-05-01 2024-04-30 09923166 countries:England 2023-05-01 2024-04-30 09923166 bus:FRS102 2023-05-01 2024-04-30 09923166 bus:FilletedAccounts 2023-05-01 2024-04-30 09923166 2024-04-30 09923166 core:WithinOneYear 2024-04-30 09923166 core:AfterOneYear 2024-04-30 09923166 core:ShareCapital 2024-04-30 09923166 core:RetainedEarningsAccumulatedLosses 2024-04-30 09923166 core:PlantMachinery 2024-04-30 09923166 core:Vehicles 2024-04-30 09923166 2023-04-30 09923166 core:PlantMachinery 2023-04-30 09923166 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure