Company Registration No. 10771365 (England and Wales)
Detay Investment Ltd
Unaudited accounts
for the year ended 31 May 2023
Detay Investment Ltd
Unaudited accounts
Contents
Detay Investment Ltd
Company Information
for the year ended 31 May 2023
Directors
Mr A T Ergani
Mr H Yildiz
Company Number
10771365 (England and Wales)
Registered Office
214 Baker Street
Enfield
EN1 3JY
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
Detay Investment Ltd
Statement of financial position
as at 31 May 2023
Inventories
941,039
938,638
Cash at bank and in hand
455,519
214,412
Creditors: amounts falling due within one year
(1,414,190)
(1,170,062)
Net current liabilities
(17,632)
(17,012)
Net liabilities
(17,632)
(17,012)
Called up share capital
100
100
Profit and loss account
(17,732)
(17,112)
Shareholders' funds
(17,632)
(17,012)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by
Mr A T Ergani
Director
Company Registration No. 10771365
Detay Investment Ltd
Notes to the Accounts
for the year ended 31 May 2023
Detay Investment Ltd is a private company, limited by shares, registered in England and Wales, registration number 10771365. The registered office is 214 Baker Street, Enfield, EN1 3JY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
4
Creditors: amounts falling due within one year
2023
2022
Other creditors
1,413,390
1,169,662
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
6
Transactions with related parties
Included within other creditors is an amount of £1,413,390 (2022: £1,169,662) due to the directors of the company. There are no terms of interest or repayment in respect of this balance.
Detay Investment Ltd
Notes to the Accounts
for the year ended 31 May 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).