Akal Computer Systems Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03476819

Abbreviated Accounts for the Year Ended 30 November 2016

for

Akal Computer Systems Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Burnard

A Agrawal

SECRETARY:

A Agrawal

REGISTERED OFFICE:

Akal House

Longthornton Road

LONDON

SW16 5QD

REGISTERED NUMBER:

03476819

ACCOUNTANTS:

THC Accountancy Services Ltd

1 Golden Court

Richmond

Surrey

TW9 1EU

FIXED ASSETS

Tangible assets

2

63,085

63,129

CURRENT ASSETS

Stocks

6,595

2,270

Debtors

18,890

30,695

Cash at bank and in hand

39,977

92,790

65,462

125,755

CREDITORS

Amounts falling due within one year

77,236

90,430

NET CURRENT (LIABILITIES)/ASSETS

(11,774

)

35,325

TOTAL ASSETS LESS CURRENT
LIABILITIES

51,311

98,454

CAPITAL AND RESERVES

Called up share capital

3

15,002

Profit and loss account

36,309

83,452

SHAREHOLDERS' FUNDS

51,311

98,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 April 2017 and were signed on its behalf by:

G Burnard - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

25% on cost

Fixtures and fittings

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

71,903

DEPRECIATION

At 1 December 2015

8,774

Charge for year

44

At 30 November 2016

8,818

NET BOOK VALUE

At 30 November 2016

63,085

At 30 November 2015

63,129

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10,000

Ordinary "A" Shares

£1

10,000

5,000

Ordinary "B" Shares

£1

5,000

NIL

Ordinary C Shares

0

1

Ordinary D Shares

£1

1

15,002