1 September 2023 false No description of principal activity Taxfiler 2024.6 05212142business:PrivateLimitedCompanyLtd2023-09-012024-08-31 052121422023-08-31 052121422023-09-012024-08-31 05212142business:AuditExemptWithAccountantsReport2023-09-012024-08-31 05212142business:FilletedAccounts2023-09-012024-08-31 052121422024-08-31 05212142business:Director12023-09-012024-08-31 05212142business:RegisteredOffice2023-09-012024-08-31 052121422023-08-31 05212142core:WithinOneYear2024-08-31 05212142core:WithinOneYear2023-08-31 05212142core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 05212142core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 05212142core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 05212142core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 05212142core:PreviouslyStatedAmount2024-08-31 05212142core:PreviouslyStatedAmount2023-08-31 05212142business:SmallEntities2023-09-012024-08-31 05212142countries:EnglandWales2023-09-012024-08-31 05212142core:FurnitureFittings2023-09-012024-08-31 05212142core:Goodwill2023-08-31 05212142core:Goodwill2024-08-31 05212142core:FurnitureFittings2023-08-31 05212142core:FurnitureFittings2024-08-31 05212142business:OrdinaryShareClass12023-09-012024-08-31 05212142business:OrdinaryShareClass12022-09-012023-08-31 052121422022-09-012023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 05212142 (England and Wales)
Steve Akers Mortgage Services Limited Unaudited accounts for the year ended 31 August 2024
Steve Akers Mortgage Services Limited Unaudited accounts Contents
Page
- 2 -
Steve Akers Mortgage Services Limited Company Information for the year ended 31 August 2024
Director
Yogeshkumar Tated
Company Number
05212142 (England and Wales)
Registered Office
Kebbell House Delta Gain
Accountants
Mamta Services Ltd 43 Cody Close Kenton Harrow HA3 9ES
- 3 -
Steve Akers Mortgage Services Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
470 
Current assets
Cash at bank and in hand
1,027 
14,106 
Creditors: amounts falling due within one year
(2,046)
(18,770)
Net current liabilities
(1,019)
(4,664)
Net liabilities
(1,019)
(4,194)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,119)
(4,294)
Shareholders' funds
(1,019)
(4,194)
For the year ending 31 August 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 21 May 2025 and were signed on its behalf by
Yogeshkumar Tated Director Company Registration No. 05212142
- 4 -
Steve Akers Mortgage Services Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Steve Akers Mortgage Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05212142. The registered office is Kebbell House, Delta Gain.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Turnover
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.
- 5 -
Steve Akers Mortgage Services Limited Notes to the Accounts for the year ended 31 August 2024
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss. 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 & fittings
25
Pension costs
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises. 4. Staff costs The average number of persons employed by the company during the year amounted to 3 (2022: 2). The aggregate payroll costs incurred during the year w
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
38,853 
At 31 August 2024
38,853 
Amortisation
At 1 September 2023
38,853 
At 31 August 2024
38,853 
Net book value
At 31 August 2024
- 
- 6 -
Steve Akers Mortgage Services Limited Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
6,001 
At 31 August 2024
6,001 
Depreciation
At 1 September 2023
5,531 
Charge for the year
470 
At 31 August 2024
6,001 
Net book value
At 31 August 2024
- 
At 31 August 2023
470 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
43 
43 
Taxes and social security
29 
29 
Other creditors
863 
(32)
Loans from directors
- 
17,530 
Accruals
1,111 
1,200 
2,046 
18,770 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 7 -