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REGISTERED NUMBER: SC234972 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

AKL LIMITED

AKL LIMITED (REGISTERED NUMBER: SC234972)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


AKL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: K Sondergaard
S Sondergaard





REGISTERED OFFICE: 13 Ellis Street
Peterhead
Aberdeenshire
AB42 1JR





REGISTERED NUMBER: SC234972 (Scotland)





ACCOUNTANTS: Goldwells Ltd
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

AKL LIMITED (REGISTERED NUMBER: SC234972)

STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 59,902 32,260

CURRENT ASSETS
Debtors 5 189,858 248,611
Cash at bank 143,578 225,079
333,436 473,690
CREDITORS
Amounts falling due within one year 6 333,392 428,734
NET CURRENT ASSETS 44 44,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,946

77,216

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 59,940 77,210
SHAREHOLDERS' FUNDS 59,946 77,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 28th April 2025 and were signed on its behalf by:



K Sondergaard - Director



S Sondergaard - Director


AKL LIMITED (REGISTERED NUMBER: SC234972)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Akl Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 220 (2023 - 292 ) .

AKL LIMITED (REGISTERED NUMBER: SC234972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023 134,677
Additions 47,609
At 30th September 2024 182,286
DEPRECIATION
At 1st October 2023 102,417
Charge for year 19,967
At 30th September 2024 122,384
NET BOOK VALUE
At 30th September 2024 59,902
At 30th September 2023 32,260

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 101,925 165,995
Directors' current accounts 39,113 38,247
Tax 13,212 13,212
Inter Co - B T Autos 35,608 31,157
189,858 248,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank Loan 30,000 30,000
Trade creditors 15,749 16,886
Tax 51,158 64,269
Social security and other taxes 22,013 32,955
VAT 102,627 149,415
Other creditors 5,310 1,862
Inter Co - AKL Market Services 29,107 25,388
Directors' current accounts 2 -
Accrued expenses 77,426 107,959
333,392 428,734

AKL LIMITED (REGISTERED NUMBER: SC234972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
K Sondergaard
Balance outstanding at start of year 26,095 26,095
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,095 26,095

S Sondergaard
Balance outstanding at start of year 13,051 13,051
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,051 13,051