1 October 2023 false No description of principal activity Taxfiler 2024.6 08224014 business:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08224014 2023-09-30 08224014 2023-10-01 2024-09-30 08224014 business:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 08224014 business:FilletedAccounts 2023-10-01 2024-09-30 08224014 2024-09-30 08224014 business:Director2 2023-10-01 2024-09-30 08224014 business:RegisteredOffice 2023-10-01 2024-09-30 08224014 2023-09-30 08224014 core:WithinOneYear 2024-09-30 08224014 core:WithinOneYear 2023-09-30 08224014 core:ShareCapital core:PreviouslyStatedAmount 2024-09-30 08224014 core:ShareCapital core:PreviouslyStatedAmount 2023-09-30 08224014 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-09-30 08224014 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-09-30 08224014 core:PreviouslyStatedAmount 2024-09-30 08224014 core:PreviouslyStatedAmount 2023-09-30 08224014 business:SmallEntities 2023-10-01 2024-09-30 08224014 countries:EnglandWales 2023-10-01 2024-09-30 08224014 core:PlantMachinery 2023-10-01 2024-09-30 08224014 core:LandBuildings 2023-09-30 08224014 core:PlantMachinery 2023-09-30 08224014 core:MotorVehicles 2023-09-30 08224014 core:LandBuildings 2024-09-30 08224014 core:PlantMachinery 2024-09-30 08224014 core:MotorVehicles 2024-09-30 08224014 core:LandBuildings 2023-10-01 2024-09-30 08224014 core:MotorVehicles 2023-10-01 2024-09-30 08224014 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 08224014 (England and Wales)
AK BUILDERS MERCHANTS LTD Unaudited accounts for the year ended 30 September 2024
AK BUILDERS MERCHANTS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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AK BUILDERS MERCHANTS LTD Company Information for the year ended 30 September 2024
Director
Ravinder SINGH
Company Number
08224014 (England and Wales)
Registered Office
Unit3 Springfield Road Industrial Estate Springfield Road, Hayes, Middlesex UB4 0JT United Kingdom
Accountants
E-Accountants Limited Oriel House 26 The Quadrant Richmond TW9 1DL
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AK BUILDERS MERCHANTS LTD Statement of financial position as at 30 September 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
183,390
195,654
Current assets
Inventories
477,214
620,575
Debtors
5
3,124,963
2,824,899
Cash at bank and in hand
177,717
1,014,202
3,779,894
4,459,676
Creditors: amounts falling due within one year
6
(2,362,019)
(2,737,912)
Net current assets
1,417,875
1,721,764
Net assets
1,601,265
1,917,418
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,601,165
1,917,318
Shareholders' funds
1,601,265
1,917,418
For the year ending 30 September 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 17 June 2025 and were signed on its behalf by
Ravinder SINGH Director Company Registration No. 08224014
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AK BUILDERS MERCHANTS LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
AK BUILDERS MERCHANTS LTD is a private company, limited by shares, registered in England and Wales, registration number 08224014. The registered office is Unit3 Springfield Road Industrial Estate, Springfield Road,, Hayes,, Middlesex, UB4 0JT, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% RBM
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
127,523
292,313
5,800
425,636
At 30 September 2024
127,523
292,313
5,800
425,636
Depreciation
At 1 October 2023
-
224,182
5,800
229,982
Charge for the year
-
12,264
-
12,264
At 30 September 2024
-
236,446
5,800
242,246
Net book value
At 30 September 2024
127,523
55,867
-
183,390
At 30 September 2023
127,523
68,131
-
195,654
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AK BUILDERS MERCHANTS LTD Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
2,716,280
2,410,481
Accrued income and prepayments
143,683
149,418
Other debtors
265,000
265,000
3,124,963
2,824,899
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
86,704
-
VAT
34,926
111,578
Trade creditors
1,825,388
2,255,797
Taxes and social security
379,218
283,343
Other creditors
30,000
30,000
Loans from directors
172
54,694
Accruals
5,611
2,500
2,362,019
2,737,912
7
Average number of employees
During the year the average number of employees was 23 (2023: 24).
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