AK_PROCUREMENT_SERVICES_L - Accounts

AK PROCUREMENT SERVICES LTD - Company Information

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Company Registration No. 08096458 (England and Wales)

AK PROCUREMENT SERVICES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

AK PROCUREMENT SERVICES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

AK PROCUREMENT SERVICES LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

364

671

Current assets

Debtors

Cash at bank and in hand

Creditors: amounts falling due within one year

(1,576)

(1,411)

Net current liabilities

(1,575)

(1,384)

Total assets less current liabilities

(1,211)

(713)

Provisions for liabilities

(207)

(134)

(1,418)

(847)

Capital and reserves

Called up share capital

100

Profit and loss account

(1,518)

(947)

Shareholder's funds

(1,418)

(847)

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 July 2016

Mr A J W Kloppers

Director

Company Registration No. 08096458

AK PROCUREMENT SERVICES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

Fixtures, fittings & equipment

25% on reducing balance

Fixed assets

Tangible assets

Cost

At 1 July 2015 & at 30 June 2016

1,350

Depreciation

At 1 July 2015

678

Charge for the year

308

At 30 June 2016

986

Net book value

At 30 June 2016

364

At 30 June 2015

671

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100