AKL Financial Management Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC357259 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2024

for

AKL Financial Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Livingstone

SECRETARY:

Mrs K M Livingstone

REGISTERED OFFICE:

26 Loch Drive

Helensburgh

G84 8PY

REGISTERED NUMBER:

SC357259 (Scotland)

ACCOUNTANTS:

Macleod Fulton

Scottcourt House

West Princes Street

Helensburgh

Argyll & Bute

G84 8BP

FIXED ASSETS

Tangible assets

4

599

787

Investments

5

-

31,645

599

32,432

CURRENT ASSETS

Debtors

6

-

454

Cash at bank

33,269

33,822

33,269

34,276

CREDITORS

Amounts falling due within one year

7

6,737

13,773

NET CURRENT ASSETS

26,532

20,503

TOTAL ASSETS LESS CURRENT LIABILITIES

27,131

52,935

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

27,121

52,925

SHAREHOLDERS' FUNDS

27,131

52,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 June 2024 and were signed by:

A Livingstone - Director

1.	STATUTORY INFORMATION

AKL Financial Management Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2023

660

5,425

6,085

Additions

-

379

379

At 30 April 2024

660

5,804

6,464

DEPRECIATION

At 1 May 2023

611

4,687

5,298

Charge for year

12

555

567

At 30 April 2024

623

5,242

5,865

NET BOOK VALUE

At 30 April 2024

37

562

599

At 30 April 2023

49

738

787

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 May 2023

31,645

Disposals

(31,945

)

Revaluations

300

At 30 April 2024

-

NET BOOK VALUE

At 30 April 2024

-

At 30 April 2023

31,645

Cost or valuation at 30 April 2024 is represented by:

Listed

investments

£

Valuation in 2024

(31,645

)

Cost

31,645

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.24

30.4.23

£

£

Other debtors

-

454

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.24

30.4.23

£

£

Taxation and social security

4,476

11,496

Other creditors

2,261

2,277

6,737

13,773

8.	CONTINGENT LIABILITIES

As at 30 April 2024 the company had no contingent liabilities. (2023 - £nil).

9.	CAPITAL COMMITMENTS

As at 30 April 2024 the company had no capital commitments. (2023 - £nil).

10.	RELATED PARTY DISCLOSURES