3AK SOUTHALL LIMITED

3AK SOUTHALL LIMITED

3AK SOUTHALL LIMITED - Company Information

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24 January 2020 false No description of principal activity Taxfiler 2021.14 12423357business:PrivateLimitedCompanyLtd2020-01-242021-03-31 124233572020-01-23 124233572020-01-242021-03-31 12423357business:AuditExemptWithAccountantsReport2020-01-242021-03-31 12423357business:FullAccounts2020-01-242021-03-31 124233572021-03-31 12423357business:Director12020-01-242021-03-31 12423357business:Director22020-01-242021-03-31 12423357business:RegisteredOffice2020-01-242021-03-31 12423357core:WithinOneYear2021-03-31 12423357core:ShareCapital2021-03-31 12423357core:RetainedEarningsAccumulatedLosses2021-03-31 12423357business:SmallEntities2020-01-242021-03-31 12423357countries:EnglandWales2020-01-242021-03-31 12423357core:FurnitureFittings2020-01-242021-03-31 12423357core:FurnitureFittings2020-01-23 12423357core:FurnitureFittings2021-03-31 iso4217:GBP xbrli:pure
Company Registration No. 12423357 (England and Wales)
3AK SOUTHALL LIMITED Unaudited accounts for the period from 24 January 2020 to 31 March 2021
3AK SOUTHALL LIMITED Unaudited accounts Contents
Page
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3AK SOUTHALL LIMITED Company Information for the period from 24 January 2020 to 31 March 2021
Directors
Asif Khan Sohail H Khan
Company Number
12423357 (England and Wales)
Registered Office
14 SHEARBRIDGE ROAD BRADFORD BD7 1NP ENGLAND
Accountants
SAF 53 Campus Road Listerhill Science Park Bradford West Yorkshire BD7 1HR
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of 3AK SOUTHALL LIMITED for the period from 24 January 2020 to 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 3AK SOUTHALL LIMITED for the period from 24 January 2020 to 31 March 2021 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of 3AK SOUTHALL LIMITED, as a body, in accordance with the terms of our engagement letter dated 1 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of 3AK SOUTHALL LIMITED and state those matters that we have agreed to state to the Board of Directors of 3AK SOUTHALL LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 3AK SOUTHALL LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 3AK SOUTHALL LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 3AK SOUTHALL LIMITED. You consider that 3AK SOUTHALL LIMITED is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of 3AK SOUTHALL LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SAF Chartered Certified Accountants 53 Campus Road Listerhill Science Park Bradford West Yorkshire BD7 1HR 18 October 2021
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3AK SOUTHALL LIMITED Statement of financial position as at 31 March 2021
2021 
Notes
£ 
Fixed assets
Tangible assets
4
76,274 
Current assets
Inventories
160,435 
Debtors
5
30,470 
Cash at bank and in hand
2,739 
193,644 
Creditors: amounts falling due within one year
6
(282,904)
Net current liabilities
(89,260)
Net liabilities
(12,986)
Capital and reserves
Called up share capital
100 
Profit and loss account
(13,086)
Shareholders' funds
(12,986)
For the period ending 31 March 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 18 October 2021 and were signed on its behalf by
Asif Khan Director Company Registration No. 12423357
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3AK SOUTHALL LIMITED Notes to the Accounts for the period from 24 January 2020 to 31 March 2021
1
Statutory information
3AK SOUTHALL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12423357. The registered office is 14 SHEARBRIDGE ROAD, BRADFORD, BD7 1NP, ENGLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Fixtures & fittings
15% reducing balance
Inventories
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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3AK SOUTHALL LIMITED Notes to the Accounts for the period from 24 January 2020 to 31 March 2021
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 24 January 2020
89,734 
At 31 March 2021
89,734 
Depreciation
At 24 January 2020
13,460 
At 31 March 2021
13,460 
Net book value
At 31 March 2021
76,274 
5
Debtors: amounts falling due within one year
2021 
£ 
VAT
6,470 
Other debtors
24,000 
30,470 
6
Creditors: amounts falling due within one year
2021 
£ 
Trade creditors
236,118 
Other creditors
1,102 
Loans from directors
36,684 
Accruals
9,000 
282,904 
7
Average number of employees
During the period the average number of employees was 7.
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