Company Registration No. 09727787 (England and Wales)
AK Transport (BG) Limited
Unaudited accounts
for the year ended 31 March 2025
AK Transport (BG) Limited
Unaudited accounts
Contents
AK Transport (BG) Limited
Company Information
for the year ended 31 March 2025
Director
Mr Aleksandar Kanurov
Company Number
09727787 (England and Wales)
Registered Office
30 ST. PAULS CLOSE
ROCHESTER
KENT
ME2 2QH
UNITED KINGDOM
Accountants
Prody Books Ltd
The Old Library
St Faith's Street
Maidstone
Kent
ME14 1LH
AK Transport (BG) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
317,692
388,385
Cash at bank and in hand
(17,312)
19,914
Creditors: amounts falling due within one year
(122,897)
(284,721)
Net current liabilities
(24,256)
(109,169)
Total assets less current liabilities
293,436
279,216
Creditors: amounts falling due after more than one year
(342,570)
(343,571)
Provisions for liabilities
Deferred tax
(47,971)
(48,405)
Net liabilities
(97,105)
(112,760)
Called up share capital
100
100
Profit and loss account
(97,205)
(112,860)
Shareholders' funds
(97,105)
(112,760)
For the year ending 31 March 2025 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 23 December 2025 and were signed on its behalf by
Mr Aleksandar Kanurov
Director
Company Registration No. 09727787
AK Transport (BG) Limited
Notes to the Accounts
for the year ended 31 March 2025
AK Transport (BG) Limited is a private company, limited by shares, registered in England and Wales, registration number 09727787. The registered office is 30 ST. PAULS CLOSE, ROCHESTER, KENT, ME2 2QH, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25 % reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
AK Transport (BG) Limited
Notes to the Accounts
for the year ended 31 March 2025
Basic financial instruments are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method, unless the arrangements constitutes a financing transaction, where the transaction is measured at fair value.
Financial instruments classified as receivable/payable within one year are not amortised.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
578,300
54,093
2,747
5,746
640,886
At 31 March 2025
578,300
54,093
2,747
5,746
640,886
At 1 April 2024
224,733
21,748
2,295
3,725
252,501
Charge for the year
61,988
8,087
113
505
70,693
At 31 March 2025
286,721
29,835
2,408
4,230
323,194
At 31 March 2025
291,579
24,258
339
1,516
317,692
At 31 March 2024
353,567
32,345
452
2,021
388,385
Amounts falling due within one year
Trade debtors
78,448
63,880
Accrued income and prepayments
1,234
34,200
Other debtors
1,442
30,100
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
83,513
Obligations under finance leases and hire purchase contracts
-
81,337
Trade creditors
41,382
52,498
Other creditors
143,788
65,533
Loans from directors
(64,103)
-
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
288,755
288,755
AK Transport (BG) Limited
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
30,100
64,103
30,100
64,103
30,100
64,103
30,100
64,103
10
Transactions with related parties
Dividends totaling £ NIL ( 2024 - £NIL ) were paid in the year in respect of shares held by the company's directors.
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).