REGISTERED NUMBER: 06081623 (England and Wales)

Financial Statements for the Year Ended 31 March 2018

for

A.Akers Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Miss A Akers

REGISTERED OFFICE:

128 High Street

Earls Colne

Colchester

Essex

CO6 2QX

REGISTERED NUMBER:

06081623 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

14,675

5,384

14,675

5,384

CURRENT ASSETS

Stocks

25,818

20,123

Debtors

6

15,167

11,903

Cash at bank and in hand

5,137

12,232

46,122

44,258

CREDITORS

Amounts falling due within one year

7

51,347

58,874

NET CURRENT LIABILITIES

(5,225

)

(14,616

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,450

(9,232

)

CREDITORS

Amounts falling due after more than one year

8

8,448

-

NET ASSETS/(LIABILITIES)

1,002

(9,232

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

9

2

(10,232

)

SHAREHOLDERS' FUNDS

1,002

(9,232

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 17 May 2018 and were signed by:

Miss A Akers - Director

1.	STATUTORY INFORMATION

A.Akers Limited is a private company, limited by shares , registered in England and Wales. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

100,000

AMORTISATION

At 1 April 2017

and 31 March 2018

100,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2017

4,578

11,711

995

17,284

Additions

530

14,750

-

15,280

Disposals

-

(1,500

)

-

(1,500

)

At 31 March 2018

5,108

24,961

995

31,064

DEPRECIATION

At 1 April 2017

3,065

8,236

599

11,900

Charge for year

307

4,182

-

4,489

At 31 March 2018

3,372

12,418

599

16,389

NET BOOK VALUE

At 31 March 2018

1,736

12,543

396

14,675

At 31 March 2017

1,513

3,475

396

5,384

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

14,750

At 31 March 2018

14,750

DEPRECIATION

Charge for year

3,688

At 31 March 2018

3,688

NET BOOK VALUE

At 31 March 2018

11,062

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

14,860

11,717

VAT

307

186

15,167

11,903

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

21,973

31,435

Taxation and social security

2,553

3,282

Other creditors

26,821

24,157

51,347

58,874

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

8,448

-

9.

RESERVES

Retained

earnings

£

At 1 April 2017

(10,232

)

Profit for the year

20,234

Dividends

(10,000

)

At 31 March 2018

2

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the directors .

The director, Ms A Akers, is considered to be the key management personnel.

Ms A Akers received gross remuneration of £10,667 (£8,060 in 2017) in the year for her services to the

company.