Aak Limited in London, NW1 3ER

Description

Data updated on: 01-11-2023

This Aak Limited business has been operating in this business field for 33 years, as it's been founded in 1991. Registered with number 02588842, Aak was set up as a Private Limited Company with office in Acre House, London NW1 3ER. This business's classified under the NACE and SIC code 46420: Wholesale of clothing and footwear. 2022-06-30 is the last time the accounts were filed.

Given the firm's growth, it became vital to choose further executives: Nathan H. and Maurice K. who have been supporting each other since 2009-07-09 to promote the success of the limited company.

Executives who control the firm include: Nathan H. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Maurice K. owns over 1/2 to 3/4 of company shares and has over 1/2 to 3/4 of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-06-30	2019-06-30	2020-06-30	2021-06-30	2022-06-30	2023-06-30
Currency

Balance Sheet
Cash Bank On Hand	242 757	360 173	908 397	438 677	172 593	523 805
Current Assets	2 668 063	3 432 978	2 791 469	2 127 348	4 145 529	2 634 151
Debtors	1 043 719	1 093 841	1 083 950	654 081	1 606 885	1 493 020
Net Assets Liabilities	1 044 921	681 022	709 662	847 624	927 644	1 161 977
Other Debtors	87 155	51 485	17 155	11 627	12 568	13 353
Property Plant Equipment	14 660	17 038	16 714	24 733	26 380	27 217
Total Inventories	1 381 587	1 978 964	799 122	1 034 590	2 366 051

Other Financial Data
Audit Fees Expenses	-3 000	13 500	15 000
Accrued Liabilities Deferred Income	591 797	59 252	174 892	305 494	74 671	65 721
Accumulated Depreciation Impairment Property Plant Equipment	87 985	91 378	95 165	103 590	108 406	113 977
Additions Other Than Through Business Combinations Property Plant Equipment		5 771	3 463	16 444	6 463	6 408
Administrative Expenses	1 093 708	1 099 924	1 057 307
Average Number Employees During Period	15	13	13	10	9	9
Bank Borrowings				49 217	39 690	30 746
Bank Borrowings Overdrafts	428 915	865 080	1 500 632	39 690	30 746	20 752
Banking Arrangements Classified As Cash Cash Equivalents	-428 915	-865 080	-1 500 632
Bank Overdrafts	428 915	865 080	1 500 632		297 137	25 493
Cash Cash Equivalents Cash Flow Value	-186 158	-504 907	-592 235
Corporation Tax Payable	39 918	16 409	58 450	47 620	66 566	176 727
Corporation Tax Recoverable	102 067
Cost Sales	11 875 945	12 162 517	11 683 599
Creditors	3 521 465	4 450 771	3 777 627	39 690	30 746	20 752
Current Tax For Period	39 918	16 409	42 041
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	2 276	-33 114	2 671
Depreciation Expense Property Plant Equipment	3 953	3 393	3 787
Depreciation Impairment Expense Property Plant Equipment	3 953	3 393	3 787
Dividends Paid	400 000	220 000	140 000	80 000
Dividends Paid Classified As Financing Activities	-400 000	-220 000	-140 000
Dividends Paid On Shares Interim	400 000	220 000	140 000
Finished Goods Goods For Resale	338 749	916 761	379 721
Fixed Assets	1 954 660	1 722 038	1 721 714	1 729 733	1 731 380	1 777 217
Further Item Tax Increase Decrease Component Adjusting Items	2 276	44 650	2 733
Future Minimum Lease Payments Under Non-cancellable Operating Leases			86 750	88 500	63 000	27 000
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	15 157	-6 274	25 276
Gain Loss From Sales Investment Properties Recognised In Profit Or Loss		-235 000
Gross Profit Loss	1 288 346	1 131 294	1 190 988
Income Taxes Paid Refund Classified As Operating Activities	-756	62 149
Increase Decrease From Fair Value Adjustment Investment Property Fair Value Model		-235 000				45 000
Increase Decrease In Current Tax From Adjustment For Prior Periods	-2 620
Increase From Depreciation Charge For Year Property Plant Equipment		3 393	3 787	8 425	4 816	5 571
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	22 849	37 473	28 742
Interest Income On Bank Deposits	1 621	3 890	1 905
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss	1 621	3 890	1 905
Interest Payable Similar Charges Finance Costs	22 849	37 473	28 742
Interest Received Classified As Investing Activities	-2 377	-3 890	-1 905
Investment Property	1 940 000	1 705 000	1 705 000	1 705 000	1 705 000	1 750 000
Investment Property Fair Value Model	1 940 000	1 705 000	1 705 000	1 705 000	1 705 000	1 750 000
Issue Equity Instruments				100
Minimum Lease Payments Receivable Under Non-cancellable Operating Leases	79 109	99 176	119 528	43 753	91 794	40 050
Net Cash Flows From Used In Operating Activities	-1 248 796	96 868	-54 230
Net Cash Generated From Operations	-1 272 401	121 544	-82 972
Net Current Assets Liabilities	-853 402	-1 017 793	-986 158	-806 343	-736 502	534 042
Net Finance Income Costs	2 377	3 890	1 905
Net Interest Paid Received Classified As Operating Activities	-22 849	-37 473	-28 742
Number Shares Issued Fully Paid		90	90
Operating Profit Loss	264 849	107 979	240 189
Other Creditors	1 275 114	1 188 361	1 272 424	1 299 876
Other Interest Income	756
Other Interest Receivable Similar Income Finance Income	2 377	3 890	1 905
Other Operating Income Format1	70 211	76 609	106 508
Other Taxation Social Security Payable	24 777	15 239	18 301	13 403	13 326	13 570
Par Value Share		1	1
Pension Other Post-employment Benefit Costs Other Pension Costs	14 555	17 620	19 881
Prepayments Accrued Income	36 296	37 336	21 954	17 939	22 253	28 386
Profit Loss	204 803	-143 899	168 640	217 862
Profit Loss On Ordinary Activities Before Tax	244 377	-160 604	213 352
Property Plant Equipment Gross Cost	102 645	108 416	111 879	128 323	134 786	141 194
Provisions For Liabilities Balance Sheet Subtotal	56 337	23 223	25 894	36 076	36 488	60 446
Purchase Property Plant Equipment	-1 265	-5 771	-3 463
Raw Materials Consumables	1 042 838	1 062 203	419 401
Social Security Costs	53 010	44 128	51 222
Staff Costs Employee Benefits Expense	624 041	561 642	555 038
Taxation Including Deferred Taxation Balance Sheet Subtotal	56 337	23 223	25 894
Tax Decrease From Utilisation Tax Losses	9 997
Tax Expense Credit Applicable Tax Rate	46 432	-30 515	40 537
Tax Increase Decrease From Effect Capital Allowances Depreciation	486
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	2 997	2 274	1 442
Tax Tax Credit On Profit Or Loss On Ordinary Activities	39 574	-16 705	44 712
Total Assets Less Current Liabilities	1 101 258	704 245	735 556	923 390	994 878	1 243 175
Total Borrowings	428 915	865 080	1 500 632	49 217	336 827	56 239
Total Current Tax Expense Credit	37 298	16 409
Total Operating Lease Payments	88 150	79 399	72 836
Trade Creditors Trade Payables	1 160 944	2 306 430	752 928	1 257 771	3 203 724	1 564 478
Trade Debtors Trade Receivables	818 201	1 005 020	1 044 841	624 515	1 572 064	1 451 281
Transfers To From Retained Earnings Increase Decrease In Equity		201 482		9 566
Turnover Revenue	13 164 291	13 293 811	12 874 587
Wages Salaries	556 476	499 894	483 935
Company Contributions To Defined Benefit Plans Directors	9 153	9 153	8 447
Director Remuneration		101 000	100 242
Director Remuneration Benefits Including Payments To Third Parties	110 633	110 153	108 689