Registered number
08159698
Delli Usak Limited
Filleted Accounts
30 June 2023
Delli Usak Limited
Registered number: 08159698
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 17,160 20,927
Current assets
Stocks - 83,955
Debtors 4 25,294 -
Cash at bank and in hand 14,660 1,681
39,954 85,636
Creditors: amounts falling due within one year 5 (20,833) (19,739)
Net current assets 19,121 65,897
Total assets less current liabilities 36,281 86,824
Creditors: amounts falling due after more than one year 6 (93,118) (112,709)
Net liabilities (56,837) (25,885)
Capital and reserves
Called up share capital 100 100
Profit and loss account (56,937) (25,985)
Shareholder's funds (56,837) (25,885)
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. Ali Taze
Director
Approved by the board on 6 March 2024
Delli Usak Limited
Notes to the Accounts
for the period from 1 August 2022 to 30 June 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, excluding in the year of acquisition, at rates calculated to write off the cost, less estimated residual value, as follows;
Fix, fittings & equipment 18% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 August 2022 26,728
At 30 June 2023 26,728
Depreciation
At 1 August 2022 5,801
Charge for the period 3,767
At 30 June 2023 9,568
Net book value
At 30 June 2023 17,160
At 31 July 2022 20,927
4 Debtors 2023 2022
£ £
Other debtors 25,294 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 6,660 6,660
Obligations under finance lease and hire purchase contracts 3,600 3,600
Other taxes and social security costs 9,149 7,975
Other creditors 1,424 1,504
20,833 19,739
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 75,575 80,878
Obligations under finance lease and hire purchase contracts 4,077 7,486
Other creditors 13,466 24,345
93,118 112,709
7 Other information
Delli Usak Limited is a private company limited by shares and incorporated in England. Its registered office is:
260 Philip Lane
South Tottenham
London
N15 4AD
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