AK_ADVISORY_LTD - Accounts

AK ADVISORY LTD - Company Information

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Company Registration No. 07747101 (England and Wales)

AK ADVISORY LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

AK ADVISORY LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

AK ADVISORY LTD

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

85,000

102,000

Tangible assets

788

85,788

102,000

Current assets

Debtors

60,893

38,351

Cash at bank and in hand

47,777

19,095

108,670

57,446

Creditors: amounts falling due within one year

(49,550)

(43,000)

Net current assets

59,120

14,446

Total assets less current liabilities

144,908

116,446

Creditors: amounts falling due after more than one year

(101,000)

(116,000)

Provisions for liabilities

(158)

43,750

446

Capital and reserves

Called up share capital

Profit and loss account

43,747

443

Shareholders' funds

43,750

446

AK ADVISORY LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 AUGUST 2016

- 2 -

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 8 December 2016

Mr A Kahn

Director

Company Registration No. 07747101

AK ADVISORY LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

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 services provided.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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

Over 3 years

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 September 2015

170,000

849

170,849

Additions

1,182

At 31 August 2016

170,000

2,031

172,031

Depreciation

At 1 September 2015

68,000

849

68,849

Charge for the year

17,000

394

17,394

At 31 August 2016

85,000

1,243

86,243

Net book value

At 31 August 2016

85,000

788

85,788

At 31 August 2015

102,000

AK ADVISORY LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

3 Ordinary shares of £1 each