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REGISTERED NUMBER: 07246409 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

OZYAKUT LTD

OZYAKUT LTD (REGISTERED NUMBER: 07246409)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OZYAKUT LTD

Company Information
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mrs Nilcan Cicek





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





REGISTERED NUMBER: 07246409 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

OZYAKUT LTD (REGISTERED NUMBER: 07246409)

Balance Sheet
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 132,079 73,071

CURRENT ASSETS
Stocks 40,500 41,490
Debtors 5 86,314 73,339
Cash at bank and in hand 57,095 89,315
183,909 204,144
CREDITORS
Amounts falling due within one year 6 233,405 196,179
NET CURRENT (LIABILITIES)/ASSETS (49,496 ) 7,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,583

81,036

CREDITORS
Amounts falling due after more than one
year

7

(18,583

)

(23,283

)

PROVISIONS FOR LIABILITIES 8 (21,418 ) (12,827 )
NET ASSETS 42,582 44,926

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,482 44,826
SHAREHOLDERS' FUNDS 42,582 44,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

OZYAKUT LTD (REGISTERED NUMBER: 07246409)

Balance Sheet - continued
31 JULY 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 April 2024 and were signed by:





Mrs Nilcan Cicek - Director


OZYAKUT LTD (REGISTERED NUMBER: 07246409)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Ozyakut Ltd 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.
Short leasehold - in accordance with the property
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% 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 Profit & Loss Account, 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 24 (2022 - 28 ) .

OZYAKUT LTD (REGISTERED NUMBER: 07246409)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 August 2022 7,029 131,911 59,724
Additions - 31,255 1,113
At 31 July 2023 7,029 163,166 60,837
DEPRECIATION
At 1 August 2022 2,054 96,796 36,088
Charge for year 234 9,955 2,784
At 31 July 2023 2,288 106,751 38,872
NET BOOK VALUE
At 31 July 2023 4,741 56,415 21,965
At 31 July 2022 4,975 35,115 23,636

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 63,179 978 262,821
Additions 47,000 1,500 80,868
At 31 July 2023 110,179 2,478 343,689
DEPRECIATION
At 1 August 2022 54,435 377 189,750
Charge for year 8,362 525 21,860
At 31 July 2023 62,797 902 211,610
NET BOOK VALUE
At 31 July 2023 47,382 1,576 132,079
At 31 July 2022 8,744 601 73,071

5. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors - 3,339
Other debtors 16,314 -
16,314 3,339

OZYAKUT LTD (REGISTERED NUMBER: 07246409)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


5. DEBTORS - continued
31.7.23 31.7.22
£    £   
Amounts falling due after more than one year:
Other debtors 70,000 70,000

Aggregate amounts 86,314 73,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 21,344 43,502
Taxation and social security 55,908 86,377
Other creditors 156,153 66,300
233,405 196,179

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 18,583 23,283

8. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 21,418 12,827

Deferred
tax
£   
Balance at 1 August 2022 12,827
Provided during year 8,591
Balance at 31 July 2023 21,418