AKL Financial Management Ltd - Accounts to registrar - small 17.1

REGISTERED NUMBER: SC357259 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2017

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

17E East King Street

Helensburgh

Argyll

G84 7QQ

FIXED ASSETS

Tangible assets

4

483

1,431

CURRENT ASSETS

Cash at bank

47,479

40,530

CREDITORS

Amounts falling due within one year

5

10,319

13,415

NET CURRENT ASSETS

37,160

27,115

TOTAL ASSETS LESS CURRENT LIABILITIES

37,643

28,546

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

37,633

28,536

SHAREHOLDERS' FUNDS

37,643

28,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 6 June 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2016

660

3,949

4,609

Additions

-

261

261

At 30 April 2017

660

4,210

4,870

DEPRECIATION

At 1 May 2016

289

2,889

3,178

Charge for year

93

1,116

1,209

At 30 April 2017

382

4,005

4,387

NET BOOK VALUE

At 30 April 2017

278

205

483

At 30 April 2016

371

1,060

1,431

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Taxation and social security

8,878

8,228

Other creditors

1,441

5,187

10,319

13,415

6.	CONTINGENT LIABILITIES

As at 30 April 2017, the company had no contingent liabilities. (2016 - nil)

7.	CAPITAL COMMITMENTS

As at 30 April 2017, the company had no capital commitments. (2016 - nil)

8.	RELATED PARTY DISCLOSURES