For the year ended 31 January 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03488455
A K R LIMITED
For the year ended 31 January 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Notes to the Abbreviated Financial Statements
|
For the year ended 31 January 2016
A K R LIMITED
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Computer Equipment
Motor Vehicles
152,944
11,950
164,894
91,989
18,226
Charge for year
110,215
54,679
60,955
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Notes to the Abbreviated Financial Statements
|
For the year ended 31 January 2016
A K R LIMITED
Debtors include an amount of £
3566
(
2015
:
£
5212
)
falling due after more than one year
|
2016
4
Creditors
:
amounts falling due within one year
|
2015
11,986
11,986
Bank loans and overdrafts (secured)
2015
2016
5
Creditors due after more than one year
|
12,057
23,627
Bank loans and overdrafts (secured)
Allotted called up and fully paid
|
2016
2015
100
ORDINARY shares of £
50
.
00
each
|
5,000
5,000
5,000
5,000
7
3 of 3