Registered number
10164631
Adem Ediz Ltd
Filleted Accounts
31 March 2023
Adem Ediz Ltd
Registered number: 10164631
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 194,113 136,280
Current assets
Debtors 4 22,500 22,500
Cash at bank and in hand 25,893 54
48,393 22,554
Creditors: amounts falling due within one year 5 (230,022) (144,127)
Net current liabilities (181,629) (121,573)
Net assets 12,484 14,707
Capital and reserves
Called up share capital 2 2
Profit and loss account 12,482 14,705
Shareholder's funds 12,484 14,707
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ihsan Tuncay
Director
Approved by the board on 24 October 2023
Adem Ediz Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 181,706 - 181,706
Additions - 108,799 108,799
At 31 March 2023 181,706 108,799 290,505
Depreciation
At 1 April 2022 45,426 - 45,426
Charge for the year 45,526 5,440 50,966
At 31 March 2023 90,952 5,440 96,392
Net book value
At 31 March 2023 90,754 103,359 194,113
At 31 March 2022 136,280 - 136,280
4 Debtors 2023 2022
£ £
Other debtors 22,500 22,500
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 13,734 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 88,227 88,227
Taxation and social security costs 2,050 3,155
Other creditors 126,011 52,745
230,022 144,127
6 Other information
Adem Ediz Ltd is a private company limited by shares and incorporated in England. Its registered office is:
55 Rosebery Gardens
London
N8 8SH
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