Company Registration No. 05317283 (England and Wales)
AKOMA TRADE (UK) LIMITED
Unaudited accounts
for the year ended 30 September 2020
AKOMA TRADE (UK) LIMITED
Unaudited accounts
Contents
AKOMA TRADE (UK) LIMITED
Company Information
for the year ended 30 September 2020
Director
Augustus Wynn Klufio
Company Number
05317283 (England and Wales)
Registered Office
122 Wollaton Road
Beeston
Nottingham
NG9 2PE
Accountants
Annette & Co.
28 Kittlegairy Crescent
Peebles
EH45 9NJ
AKOMA TRADE (UK) LIMITED
Statement of financial position
as at 30 September 2020
Tangible assets
2,135
2,207
Cash at bank and in hand
30,385
17,899
Creditors: amounts falling due within one year
(16,573)
(9,693)
Net current assets
40,298
13,338
Total assets less current liabilities
42,433
15,545
Creditors: amounts falling due after more than one year
(50,000)
-
Net (liabilities)/assets
(7,567)
15,545
Called up share capital
1
1
Profit and loss account
(7,568)
15,544
Shareholders' funds
(7,567)
15,545
For the year ending 30 September 2020 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 10 May 2021 and were signed on its behalf by
Augustus Wynn Klufio
Director
Company Registration No. 05317283
AKOMA TRADE (UK) LIMITED
Notes to the Accounts
for the year ended 30 September 2020
AKOMA TRADE (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05317283. The registered office is 122 Wollaton Road, Beeston, Nottingham, NG9 2PE.
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.
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.
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.
The accounts are presented in £ sterling.
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% reducing balance
Fixtures & fittings
20% reducing balance
AKOMA TRADE (UK) LIMITED
Notes to the Accounts
for the year ended 30 September 2020
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2019
2,496
-
2,496
At 30 September 2020
2,496
410
2,906
At 1 October 2019
289
-
289
Charge for the year
441
41
482
At 30 September 2020
730
41
771
At 30 September 2020
1,766
369
2,135
At 30 September 2019
2,207
-
2,207
5
Debtors: amounts falling due within one year
2020
2019
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
14,047
3,281
Taxes and social security
(2,591)
(227)
Loans from directors
5,117
5,191
7
Creditors: amounts falling due after more than one year
2020
2019
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2019: 1).
