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REGISTERED NUMBER: 07783317 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

ERSTAN LIMITED

ERSTAN LIMITED (REGISTERED NUMBER: 07783317)

Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ERSTAN LIMITED

Company Information
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr Tanser Taner Ozdemir





REGISTERED OFFICE: Ernest House
293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 07783317 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

ERSTAN LIMITED (REGISTERED NUMBER: 07783317)

Balance Sheet
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,937 69,097

CURRENT ASSETS
Stocks 25,800 18,530
Debtors 5 23,249 8,135
Cash at bank and in hand 1,168 11,874
50,217 38,539
CREDITORS
Amounts falling due within one year 6 69,857 40,211
NET CURRENT LIABILITIES (19,640 ) (1,672 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,297

67,425

CREDITORS
Amounts falling due after more than one
year

7

(41,270

)

(43,694

)

PROVISIONS FOR LIABILITIES 8 (9,989 ) (13,044 )
NET (LIABILITIES)/ASSETS (17,962 ) 10,687

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (18,062 ) 10,587
SHAREHOLDERS' FUNDS (17,962 ) 10,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ERSTAN LIMITED (REGISTERED NUMBER: 07783317)

Balance Sheet - continued
28 FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 10 November 2023 and were signed by:





Mr Tanser Taner Ozdemir - Director


ERSTAN LIMITED (REGISTERED NUMBER: 07783317)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Erstan 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% 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 balance sheet date.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 18 ) .

ERSTAN LIMITED (REGISTERED NUMBER: 07783317)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 145,987 50,267 1,542 197,796
Additions - - 1,340 1,340
At 28 February 2023 145,987 50,267 2,882 199,136
DEPRECIATION
At 1 March 2022 88,915 39,101 683 128,699
Charge for year 14,268 2,792 440 17,500
At 28 February 2023 103,183 41,893 1,123 146,199
NET BOOK VALUE
At 28 February 2023 42,804 8,374 1,759 52,937
At 28 February 2022 57,072 11,166 859 69,097

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 23,249 8,135

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 39,167 28,830
Trade creditors 5,360 3,183
Taxation and social security 15,485 18,724
Other creditors 9,845 (10,526 )
69,857 40,211

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 41,270 43,694

8. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 9,989 13,044

ERSTAN LIMITED (REGISTERED NUMBER: 07783317)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2022 13,044
Provided during year (3,055 )
Balance at 28 February 2023 9,989

9. RELATED PARTY DISCLOSURES

At 28th February 2022 the company owed £23,249.61 to the director of the company (2021 - £8,135.14). No interest
has been charged to the company in respect of this loan which is repayable on demand and classified in creditors