REGISTERED NUMBER: 12285201 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

AKN Home Improvement Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L C Adkins

A Adkins

REGISTERED OFFICE:

14a Waterside Business Park

Livingstone Road

Hessle

East Yorkshire

HU13 0EG

REGISTERED NUMBER:

12285201 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,064

7,704

8,064

7,704

CURRENT ASSETS

Stocks

1,200

-

Debtors

6

29,280

9,144

Cash at bank

3,168

13,383

33,648

22,527

CREDITORS

Amounts falling due within one year

7

73,465

61,695

NET CURRENT LIABILITIES

(39,817

)

(39,168

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(31,753

)

(31,464

)

CREDITORS

Amounts falling due after more than one year

8

(5,811

)

(4,195

)

PROVISIONS FOR LIABILITIES

(1,526

)

-

NET LIABILITIES

(39,090

)

(35,659

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(39,190

)

(35,759

)

(39,090

)

(35,659

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

L C Adkins - Director

1.	STATUTORY INFORMATION

AKN Home Improvement 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 20% on cost

Stock accounting policy

Stocks are stated at the lower of costs and estimated selling price less costs to complete and sell. Stocks are valued on a first in and first out basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable 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 balance sheet 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.

Going concern

The director confirms that all external creditors will be satisfied and they will continue to provide their financial support.

Based on this fact, the director is not aware on any reason to suggest that the company should not be able to finance its operations and other obligations for a period of at least twelve months from the date of approval of these financial statements and therefore to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

10,000

Disposals

(10,000

)

At 31 October 2025

-

AMORTISATION

At 1 November 2024

10,000

Eliminated on disposal

(10,000

)

At 31 October 2025

-

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

17,489

Additions

2,500

Disposals

(7,500

)

At 31 October 2025

12,489

DEPRECIATION

At 1 November 2024

9,785

Charge for year

1,990

Eliminated on disposal

(7,350

)

At 31 October 2025

4,425

NET BOOK VALUE

At 31 October 2025

8,064

At 31 October 2024

7,704

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 November 2024

16,450

Disposals

(7,500

)

At 31 October 2025

8,950

DEPRECIATION

At 1 November 2024

8,991

Charge for year

1,790

Eliminated on disposal

(7,350

)

At 31 October 2025

3,431

NET BOOK VALUE

At 31 October 2025

5,519

At 31 October 2024

7,459

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

700

-

Other debtors

28,580

9,144

29,280

9,144

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

10,882

-

Hire purchase contracts

2,013

2,014

Trade creditors

12,647

3,339

Taxation and social security

15,887

(1,213

)

Other creditors

32,036

57,555

73,465

61,695

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

3,627

-

Hire purchase contracts

2,184

4,195

5,811

4,195

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Hire purchase contracts

4,197

6,209

Net obligations under hire purchase are secured on the assets to which they relate to.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

L C Adkins

Balance outstanding at start of year

(4,020

)

(14,038

)

Amounts advanced

38,056

13,120

Amounts repaid

(5,716

)

(3,102

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,320

(4,020

)

Interest of £694 (2024: £Nil) has been charged on the directors' loan account in the year.

11.	RELATED PARTY DISCLOSURES

At the year-end there was a balance of £260 (2024 : £300) owing to a company under the same common control.