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Registered Number: 09316173
England and Wales

 

 

 

AK BUSINESSES LTD.



Abridged Accounts
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of AK Businesses Ltd. for the year ended 30 November 2024 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of AK Businesses Ltd., as a body, in accordance with the terms of our engagement letter dated 27 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of AK Businesses Ltd. and state those matters that we have agreed to state to the Board ofs of AK Businesses Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AK Businesses Ltd. and its members as a body for our work or for this report.

It is your duty to ensure that AK Businesses Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of AK Businesses Ltd.. You consider that AK Businesses Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of AK Businesses Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................

SNP Plus Ltd

Accountants and Tax Advisors
284 Station Road
Harrow, London
HA1 2EA
27 June 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 123,950    7,837 
Investments 4 575,003    585,003 
698,953    592,840 
Current assets      
Debtors: amounts falling due within one year 1,071,681    1,069,681 
Cash at bank and in hand 8,103    16,615 
1,079,784    1,086,296 
Creditors: amount falling due within one year (279,734)   (373,150)
Net current assets 800,050    713,146 
 
Total assets less current liabilities 1,499,003    1,305,986 
Creditors: amount falling due after more than one year (88,825)   (30,309)
Provisions for liabilities (31,124)   (1,789)
Net assets 1,379,054    1,273,888 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 1,378,954    1,273,788 
Shareholders' funds 1,379,054    1,273,888 
 


For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 27 June 2025 and were signed by:


-------------------------------
Ankit Arvindbhai Gondaliya
Director
2
General Information
AK Businesses Ltd. is a private company, limited by shares, registered in England and Wales, registration number 09316173, registration address 311 Green Lane, Ilford, IG3 9TL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Straight Line
Fixtures and Fittings 20% Straight Line
Computer Equipment 20% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 December 2023   6,920    12,369    19,289 
Additions 95,000    35,813      130,813 
Disposals      
At 30 November 2024 95,000    42,733    12,369    150,102 
Depreciation
At 01 December 2023   3,988    7,464    11,452 
Charge for year 6,333    5,894    2,473    14,700 
On disposals      
At 30 November 2024 6,333    9,882    9,937    26,152 
Net book values
Closing balance as at 30 November 2024 88,667    32,851    2,432    123,950 
Opening balance as at 01 December 2023   2,932    4,905    7,837 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 December 2023 585,003    585,003 
Additions  
Transfer to/from tangible fixed assets  
Disposals (10,000)   (10,000)
At 30 November 2024 575,003    575,003 

5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

6.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Mr. Ankit Arvindbhai Gondaliya173,489 244,390 
3