Company Registration No. 09589475 (England and Wales)
AKI'S GARAGE LTD
Unaudited accounts
for the year ended 31 May 2019
AKI'S GARAGE LTD
Unaudited accounts
Contents
AKI'S GARAGE LTD
Company Information
for the year ended 31 May 2019
Company Number
09589475 (England and Wales)
Registered Office
Unit 4b Chapel Lane
Clay Hill
BRISTOL
BS5 7EY
UNITED KINGDOM
Accountants
Selman Sheshi - Certified and Licensed Accountant
Easton Business Centre
Felix Road, Easton
Bristol
BS5 0HE
AKI'S GARAGE LTD
Statement of financial position
as at
31 May 2019
Tangible assets
1,200
2,400
Cash at bank and in hand
1,271
2,806
Creditors: amounts falling due within one year
(1,999)
(2,957)
Net current assets
5,488
4,481
Called up share capital
100
100
Profit and loss account
6,588
6,781
Shareholders' funds
6,688
6,881
For the year ending 31 May 2019 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.
Approved by the Board on 7 February 2020.
AKBAR NASEH
Director
Company Registration No. 09589475
AKI'S GARAGE LTD
Notes to the Accounts
for the year ended 31 May 2019
AKI'S GARAGE LTD is a private company, limited by shares, registered in England and Wales, registration number 09589475. The registered office is Unit 4b Chapel Lane, Clay Hill, BRISTOL, BS5 7EY, UNITED KINGDOM.
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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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% Straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
AKI'S GARAGE LTD
Notes to the Accounts
for the year ended 31 May 2019
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Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
1,200
Finished goods
4,765
2,850
Other debtors
1,451
1,782
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Creditors: amounts falling due within one year
2019
2018
Taxes and social security
-
1,331
8
Average number of employees
During the year the average number of employees was 1 (2018: 1).