AK FUEL LIMITED

AK FUEL LIMITED

AK FUEL LIMITED - Company Information

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AK FUEL LIMITED

Company Registration Number:
05841178 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2020

Period of accounts

Start date: 01 July 2019

End date: 30 June 2020

AK FUEL LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2020

Balance sheet
Notes

AK FUEL LIMITED

Balance sheet

As at 30 June 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets: 3 62,500 72,500
Tangible assets: 4 365,176 296,747
Total fixed assets: 427,676 369,247
Current assets
Stocks: 276,541 278,907
Debtors:   22,760 21,333
Cash at bank and in hand: 978,878 672,120
Total current assets: 1,278,179 972,360
Creditors: amounts falling due within one year:   (928,248) (780,120)
Net current assets (liabilities): 349,931 192,240
Total assets less current liabilities: 777,607 561,487
Total net assets (liabilities): 777,607 561,487
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 777,507 561,387
Shareholders funds: 777,607 561,487

The notes form part of these financial statements

AK FUEL LIMITED

Balance sheet statements

For the year ending 30 June 2020 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 June 2021
and signed on behalf of the board by:

Name: M A Dar
Status: Director

The notes form part of these financial statements

AK FUEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

AK FUEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

2. Employees

2020 2019
Average number of employees during the period 35 32

AK FUEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

3. Intangible Assets

Total
Cost £
At 01 July 2019 100,000
At 30 June 2020 100,000
Amortisation
At 01 July 2019 27,500
Charge for year 10,000
At 30 June 2020 37,500
Net book value
At 30 June 2020 62,500
At 30 June 2019 72,500

AK FUEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

4. Tangible Assets

Total
Cost £
At 01 July 2019 486,978
Additions 143,580
At 30 June 2020 630,558
Depreciation
At 01 July 2019 190,231
Charge for year 75,151
At 30 June 2020 265,382
Net book value
At 30 June 2020 365,176
At 30 June 2019 296,747