ACCOUNTS - Final Accounts preparation

Company registration number: 13841616

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	AK GRAVESEND LIMITED


AK GRAVESEND LIMITED

COMPANY INFORMATION

Director	A Kaupuzs


Registered number	13841616


Registered office	2nd Floor Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


Independent auditors	Menzies LLP
	Chartered Accountants & Statutory Auditor
	Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


AK GRAVESEND LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


AK GRAVESEND LIMITED REGISTERED NUMBER:13841616

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		100		100
			100		100
Current assets
Debtors: amounts falling due within one year	5	1,000		2,107
Bank and cash balances		43,094		582,819
		44,094		584,926
Creditors: amounts falling due within one year	6	(3,350)		(3,622)
Net current assets			40,744		581,304
Total assets less current liabilities			40,844		581,404
Creditors: amounts falling due after more than one year	7		(23,961)		(580,571)

Net assets			16,883		833

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	15,883	(167)
	16,883	833

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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

A Kaupuzs

Director

Date: 25 July 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1


AK GRAVESEND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

AK Gravesend Limited is a private company limited by shares, incorporated in the United Kingdom under the Companies Act 2006, registered in England and Wales. The address of the company's registered office is given on the Company Information page. The company's principal place of business is: The Powerhouse, 21 Woodthorpe Road, Ashford, Middlesex, TW15 2RP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Stock

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of
activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the
valuation of work in progress.

2.3

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from related parties.

2.4

Foreign currency translation

Functional and presentation currency
The company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the
dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items
measured at historical cost are translated using the exchange rate at the date of the transaction and nonmonetary tems measured at fair value are measured using the exchange rate when fair value was
determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at
period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are
recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow
hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'Difference on foreign exchange'. All other foreign exchange gains and losses are presented in the Statement of Income and Retained Earnings within 'other operating income/(expenditure)'.

Page 2


AK GRAVESEND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 3


AK GRAVESEND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Fixed asset investments

		Investments in subsidiaries
		£
	Cost or valuation
	At 1 January 2024	100
	At 31 December 2024	100

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	-	1,004
Other debtors	-	103
Called up share capital not paid	1,000	1,000
	1,000	2,107

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	342
Amounts owed to group undertakings	-	30
Accruals and deferred income	3,350	3,250
	3,350	3,622

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Amounts owed to group undertakings	23,961	580,571
	23,961	580,571

Page 4


AK GRAVESEND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 25 July 2025 by Tom Woods FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 5