Registered number
06975021
YILDIZ UK LIMITED
Filleted Accounts
31 July 2023
YILDIZ UK LIMITED
Registered number: 06975021
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 23,073 28,137
Current assets
Stocks 32,135 27,685
Debtors 4 33,025 37,825
Cash at bank and in hand 12,710 6,947
77,870 72,457
Creditors: amounts falling due within one year 5 (19,189) (18,984)
#NAME? 58,681 53,473
#NAME? 81,754 81,610
Capital and reserves
Called up share capital 100 100
Profit and loss account 81,654 81,510
Shareholders' funds 81,754 81,610
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 members have 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 Sinan Yilmaz
Director
Approved by the board on 8 March 2024
YILDIZ UK LIMITED
Notes to the Accounts
for the year ended 31 July 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows:
Fix, fittings & equipment 18% Reducing balance
Motor van 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).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Corporation tax liabilty is not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Fix, fittings & equipment Motor van Total
£ £ £
Cost
At 1 August 2022 37,624 31,675 69,299
At 31 July 2023 37,624 31,675 69,299
Depreciation
At 1 August 2022 25,122 16,040 41,162
Charge for the year 2,250 2,814 5,064
At 31 July 2023 27,372 18,854 46,226
Net book value
At 31 July 2023 10,252 12,821 23,073
At 31 July 2022 12,502 15,635 28,137
4 Debtors 2023 2022
£ £
Prepayments & other debtors 33,025 37,825
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 10,791 11,701
Other taxes and social security costs 6,418 3,865
Accrued expenses & other creditors 1,980 3,418
19,189 18,984
6 Other information
YILDIZ UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
11 Salcombe Gardens
Mill Hill East
London
NW7 2NU
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