Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04344835 Mr Ashiq KHAN iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04344835 2023-12-31 04344835 2024-12-31 04344835 2024-01-01 2024-12-31 04344835 frs-core:CurrentFinancialInstruments 2024-12-31 04344835 frs-core:MotorVehicles 2024-12-31 04344835 frs-core:MotorVehicles 2024-01-01 2024-12-31 04344835 frs-core:MotorVehicles 2023-12-31 04344835 frs-core:PlantMachinery 2024-12-31 04344835 frs-core:PlantMachinery 2024-01-01 2024-12-31 04344835 frs-core:PlantMachinery 2023-12-31 04344835 frs-core:ShareCapital 2024-12-31 04344835 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04344835 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04344835 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04344835 frs-bus:SmallEntities 2024-01-01 2024-12-31 04344835 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04344835 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04344835 frs-bus:Director1 2024-01-01 2024-12-31 04344835 frs-countries:EnglandWales 2024-01-01 2024-12-31 04344835 2022-12-31 04344835 2023-12-31 04344835 2023-01-01 2023-12-31 04344835 frs-core:CurrentFinancialInstruments 2023-12-31 04344835 frs-core:ShareCapital 2023-12-31 04344835 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04344835
A.K. GARMENTS LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04344835
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,242 45,655
34,242 45,655
CURRENT ASSETS
Stocks 5 323,700 193,825
Debtors 6 11,397 222,003
Cash at bank and in hand 172,899 86,280
507,996 502,108
Creditors: Amounts Falling Due Within One Year 7 (573,321 ) (574,248 )
NET CURRENT ASSETS (LIABILITIES) (65,325 ) (72,140 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,083 ) (26,485 )
NET LIABILITIES (31,083 ) (26,485 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (31,183 ) (26,585 )
SHAREHOLDERS' FUNDS (31,083) (26,485)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ashiq KHAN
Director
19/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A.K. GARMENTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04344835 . The registered office is 1 Bradstone Road, Manchester, M8 8WA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance method
Motor Vehicles 25% reducing balance method
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 52,479 50,517 102,996
As at 31 December 2024 52,479 50,517 102,996
Depreciation
As at 1 January 2024 38,554 18,787 57,341
Provided during the period 3,481 7,932 11,413
As at 31 December 2024 42,035 26,719 68,754
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 10,444 23,798 34,242
As at 1 January 2024 13,925 31,730 45,655
5. Stocks
2024 2023
£ £
Finished goods 323,700 193,825
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,377 219,983
Other debtors 2,020 2,020
11,397 222,003
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 525,992 536,554
Bank loans and overdrafts 300 239
Other creditors 35,296 13,151
Taxation and social security 11,733 24,304
573,321 574,248
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4