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REGISTERED NUMBER: SC639975 (Scotland)












Financial Statements

for the Year Ended 31 August 2024

for

Akela Ground Engineering Limited

Akela Ground Engineering Limited (Registered number: SC639975)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Akela Ground Engineering Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M A Markey
W Payne





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC639975 (Scotland)





AUDITORS: O'Haras Accountants Limited (Statutory Auditor)
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Akela Ground Engineering Limited (Registered number: SC639975)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 201,658 -

CURRENT ASSETS
Stocks 202,279 -
Debtors 4 905,320 921,567
Cash at bank 27,889 460,867
1,135,488 1,382,434
CREDITORS
Amounts falling due within one year 5 1,235,964 1,275,833
NET CURRENT (LIABILITIES)/ASSETS (100,476 ) 106,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,182

106,601

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 101,181 106,600
SHAREHOLDERS' FUNDS 101,182 106,601

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





M A Markey - Director


Akela Ground Engineering Limited (Registered number: SC639975)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
The company is involved in providing design, piling and site investigation services to the construction industry. Revenue is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and it's stage of completion. The company will recognise revenue in the reporting period in which the services are rendered by reference to the stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered.

When the outcome of a service contract cannot be estimated reliably, the company only recognises revenue to the extent of the recoverable expenses recognised.

All revenue excludes value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 1/3 straight line

Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Akela Ground Engineering Limited (Registered number: SC639975)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

1. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Impairment of fixed assets
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

Akela Ground Engineering Limited (Registered number: SC639975)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2023 - 3,673 3,673
Additions 195,127 7,125 202,252
At 31 August 2024 195,127 10,798 205,925
DEPRECIATION
At 1 September 2023 - 3,673 3,673
Charge for year - 594 594
At 31 August 2024 - 4,267 4,267
NET BOOK VALUE
At 31 August 2024 195,127 6,531 201,658
At 31 August 2023 - - -

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,932 6,152
Amounts owed by group undertakings 174,680 63,400
Amounts recoverable on contract 699,672 849,873
Other debtors 22,036 2,142
905,320 921,567

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 276,288 251,331
Amounts owed to group undertakings 400,609 221,119
Taxation and social security 22,500 (6,198 )
Other creditors 536,567 809,581
1,235,964 1,275,833

6. SECURED DEBTS

The banking facilities are secured by a floating charge over the assets and undertakings of the company.

Akela Ground Engineering Limited (Registered number: SC639975)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John O'Hara CA (Senior Statutory Auditor)
for and on behalf of O'Haras Accountants Limited (Statutory Auditor)