Aks Tuning Ltd - Accounts to registrar (filleted)

AKS TUNING LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH JUNE 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Accountants' Report

8

DIRECTORS:

A E T Kerr

Mrs A K Kerr

SECRETARY:

D B Kerr

REGISTERED OFFICE:

The Workshop, Willow Vale

Pavenham Road

Oakley

Bedfordshire

MK43 7SZ

REGISTERED NUMBER:

08561965 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

59,876

103,078

59,876

103,078

CURRENT ASSETS

Stocks

349,943

323,245

Debtors

6

34,038

37,738

Cash at bank

53,425

62,060

437,406

423,043

CREDITORS

Amounts falling due within one year

7

312,707

271,044

NET CURRENT ASSETS

124,699

151,999

TOTAL ASSETS LESS CURRENT
LIABILITIES

184,575

255,077

CREDITORS

Amounts falling due after more than one
year

8

-

(41,133

)

PROVISIONS FOR LIABILITIES

(14,969

)

(25,770

)

NET ASSETS

169,606

188,174

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

169,506

188,074

SHAREHOLDERS' FUNDS

169,606

188,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th January 2026 and were signed on its behalf by:

A E T Kerr - Director

1.	STATUTORY INFORMATION

Aks Tuning Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the company. Figures are rounded to the nearest £.

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

Turnover

Turnover is recognised on the sale of vehicle parts and on the repairs of vehicles, net of vat.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013 is being amortised over its estimated useful life.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st July 2024

and 30th June 2025

10,000

AMORTISATION

At 1st July 2024

and 30th June 2025

10,000

NET BOOK VALUE

At 30th June 2025

-

At 30th June 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1st July 2024

173,358

128,300

301,658

Additions

3,020

-

3,020

At 30th June 2025

176,378

128,300

304,678

DEPRECIATION

At 1st July 2024

141,703

56,877

198,580

Charge for year

14,146

32,076

46,222

At 30th June 2025

155,849

88,953

244,802

NET BOOK VALUE

At 30th June 2025

20,529

39,347

59,876

At 30th June 2024

31,655

71,423

103,078

The net book value of tangible fixed assets includes £ 34,160 (2024 - £ 60,143 ) in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

Trade debtors

23,541

27,308

Other debtors

330

-

Prepayments

10,167

10,430

34,038

37,738

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

Bank loans and overdrafts

9,076

10,000

Hire purchase contracts (see note 9)

32,057

6,099

Trade creditors

60,470

37,580

Corporation tax

17,763

8,039

Social security and other taxes

1,671

914

VAT

5,146

14,131

Other creditors

1,513

346

Directors' current accounts

183,123

192,306

Accrued expenses

1,888

1,629

312,707

271,044

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30/6/25

30/6/24

£

Bank loans - 1-2 years

-

9,076

Hire purchase contracts (see note 9)

-

32,057

-

41,133

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30/6/25

30/6/24

£

Net obligations repayable:

Within one year

32,057

6,099

Between one and five years

-

32,057

38,156

10.	RELATED PARTY DISCLOSURES

The business premises are personally owned by the company directors and rent of £14,400 (2024: £14,200) was charged to the profit and loss account in the year.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aks Tuning Ltd for the year ended 30th June 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Aks Tuning Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aks Tuning Ltd and state those matters that we have agreed to state to the Board of Directors of Aks Tuning Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aks Tuning Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aks Tuning Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aks Tuning Ltd. You consider that Aks Tuning 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 financial statements of Aks Tuning 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 financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

14th January 2026