REGISTERED NUMBER: 06081623

Financial Statements for the Year Ended 31 March 2017

for

A.Akers Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Miss A Akers

Mr T Akers

REGISTERED OFFICE:

128 High Street

Earls Colne

Colchester

Essex

CO6 2QX

REGISTERED NUMBER:

06081623

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Intangible assets

4

-

10,000

-

Tangible assets

5

5,384

6,511

-

5,384

16,511

-

CURRENT ASSETS

Stocks

20,123

5,587

-

Debtors

6

11,903

14,014

-

Cash at bank and in hand

12,232

12,260

-

44,258

31,861

-

CREDITORS

Amounts falling due within one year

7

(58,874

)

(70,080

)

-

NET CURRENT LIABILITIES

(14,616

)

(38,219

)

-

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,232

)

(21,708

)

-

NET LIABILITIES

(9,232

)

(21,708

)

-

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

-

Retained earnings

(10,232

)

(22,708

)

-

SHAREHOLDERS' FUNDS

(9,232

)

(21,708

)

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 Board of Directors on 7 August 2017 and were signed on its behalf by:

Miss A Akers - Director

1.	STATUTORY INFORMATION

A.Akers Limited is a private company, limited by shares , registered in Not specified/Other. 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 represents the amounts (excluding value added tax) derived from the provision of services to customers

during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The financial statements have been prepared on the going concern basis. The director is of the opinion that the

shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its

obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of

the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

100,000

AMORTISATION

At 1 April 2016

90,000

Amortisation for year

10,000

At 31 March 2017

100,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

10,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

4,578

11,711

565

16,854

Additions

-

-

430

430

At 31 March 2017

4,578

11,711

995

17,284

DEPRECIATION

At 1 April 2016

2,798

7,078

467

10,343

Charge for year

267

1,158

132

1,557

At 31 March 2017

3,065

8,236

599

11,900

NET BOOK VALUE

At 31 March 2017

1,513

3,475

396

5,384

At 31 March 2016

1,780

4,633

98

6,511

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

11,717

13,832

VAT

186

182

11,903

14,014

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

31,435

14,190

Taxation and social security

3,282

3,187

Other creditors

24,157

52,703

58,874

70,080

8.	RELATED PARTY DISCLOSURES

The directors, Mr T Akers and Mrs A Akers, are considered to be the key management personnel.

Remuneration paid for services provided to the company from Mr T Akers amounted to £6,000 (£2,530 in 2016)

and from Mrs A Akers £8,060 (£7,695 in 2016)