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Registration number: 03037241

AKA (UK) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

AKA (UK) Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

AKA (UK) Limited

Company Information

Directors | Mr A Bathija Mrs Shilpa Bathija

Company secretary | Mr A Bathija

Registered office | T/A Winkworth Kingsbury 505 – 507 Kingsbury Road Kingsbury London NW9 9EG

Accountants | Richlands Business Advisers Limited Chartered Accountants42-46 Station Road Edgware Middlesex HA8 7AB

AKA (UK) Limited

(Registration number: 03037241)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 231,098 | 114,347
Current assets |  |  |
Debtors | 5 | 673,594 | 1,013,630
Cash at bank and in hand |  | 1,261,266 | 854,482
|  | 1,934,860 | 1,868,112
Creditors: Amounts falling due within one year | 6 | (180,245) | (249,330)
Net current assets |  | 1,754,615 | 1,618,782
Total assets less current liabilities |  | 1,985,713 | 1,733,129
Creditors: Amounts falling due after more than one year | 6 | (8,333) | (18,333)
Net assets |  | 1,977,380 | 1,714,796
Capital and reserves |  |  |
Called up share capital | 7 | 5,000 | 5,000
Retained earnings |  | 1,972,380 | 1,709,796
Shareholders' funds |  | 1,977,380 | 1,714,796

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:

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

Mr A Bathija
Director

AKA (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
T/A Winkworth Kingsbury
505 – 507 Kingsbury Road
Kingsbury
London
NW9 9EG
England

These financial statements were authorised for issue by the Board on 28 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A
- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

AKA (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold Property | Over 5 years
Fixtures, fittings and equipment | 25% reducing balance
Motor vehicles | 25% reducing balance
Leasehold improvement | Over 15 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

AKA (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2023 - 12).

AKA (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2024 | 9,146 | 133,941 | 165,722 | 308,809
Additions | 99,870 | 70,207 | - | 170,077
Disposals | - | (100,334) | - | (100,334)
At 31 December 2024 | 109,016 | 103,814 | 165,722 | 378,552
Depreciation
At 1 January 2024 | 9,146 | 110,448 | 74,868 | 194,462
Charge for the year | 6,658 | 14,715 | 21,223 | 42,596
Eliminated on disposal | - | (89,604) | - | (89,604)
At 31 December 2024 | 15,804 | 35,559 | 96,091 | 147,454
Carrying amount
At 31 December 2024 | 93,212 | 68,255 | 69,631 | 231,098
At 31 December 2023 | - | 23,493 | 90,854 | 114,347

5 | Debtors

Current | Note | 2024 £ | 2023 £
Trade debtors |  | 9,968 | -
Amounts owed by related parties | 8 | 615,241 | 965,000
Prepayments |  | 29,144 | 25,741
Other debtors |  | 19,241 | 22,889
|  | 673,594 | 1,013,630

AKA (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Bank loans and overdrafts |  | 10,000 | 10,000
Trade creditors |  | 20,976 | 19,642
Taxation and social security |  | 41,902 | 42,597
Other creditors |  | - | 987
Accrued expenses |  | 2,922 | 4,599
Corporation tax payable |  | 67,891 | 74,973
Deferred income |  | 21,000 | 31,500
Directors current account |  | 15,554 | 65,032
|  | 180,245 | 249,330
Due after one year |  |  |
Loans and borrowings |  | 8,333 | 18,333

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings |  | 8,333 | 18,333

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Share capital of £1 each | 5,000 | 5,000 | 5,000 | 5,000

AKA (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8 | Related party transactions

Summary of transactions with other related parties

Entities under common control of Directors
During the period unsecured loans were made to a company that is related through common control of the directors. At the balance sheet date, the amount due from one company was £500,000 (2023: £900,000). Other amounts due from other companies with common directors were £NIL (2023: £40,000) and £115,000 (2023: £25,000). These have been disclosed as receivable from related party.