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Registered number: 13429463
TUMAY INTERNATIONAL FISH TRADE & AQUACULTURE LIMITED
Unaudited Financial Statements
For the Period 31 May 2021 to 31 December 2021
Ashford Associates

Chartered Certified Accountants

74A High Street
Wanstead
London
E11 2RJ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13429463
31 December 2021
Notes £ £
CURRENT ASSETS
Stocks 3 212,497
Debtors 4 684,233
Cash at bank and in hand 155,870
1,052,600
Creditors: Amounts Falling Due Within One Year 5 (1,116,160 )
NET CURRENT ASSETS (LIABILITIES) (63,560 )
TOTAL ASSETS LESS CURRENT LIABILITIES (63,560 )
NET LIABILITIES (63,560 )
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account (63,660 )
SHAREHOLDERS' FUNDS (63,560)
For the period ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mustafa TUMAY
Director
21/07/2022
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
1
3. Stocks
31 December 2021
£
Stock - materials and work in progress 212,497
212,497
4. Debtors
31 December 2021
£
Due within one year
Trade debtors 684,233
684,233
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
31 December 2021
£
Trade creditors 1,108,610
Director's loan account 7,550
1,116,160
6. Share Capital
31 December 2021
Allotted, Called up and fully paid 100
7. Related Party Transactions
Ultimate Controlling Party
The ultimate controlling party is Mr Mustafa Reha Tumay which holds 100% of the share capital of the Company.
Related party transactions
As at 31 December 2021, an amount due to company director is £7,550 (2020: 0.00).
There are no terms as to interest of repayment in respect of this balance.
8. General Information
TUMAY INTERNATIONAL FISH TRADE & AQUACULTURE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 13429463 . The registered office is 74a High Street Wanstead, London, E11 2RJ.
Page 3