Registered number
12705691
OZKAY LTD
Filleted Accounts
30 June 2023
OZKAY LTD
Registered number: 12705691
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,285 2,209
Current assets
Stocks 7,625 365
Debtors 4 - 3,652
Cash at bank and in hand 10,876 25,001
18,501 29,018
Creditors: amounts falling due within one year 5 (17,196) (16,739)
Net current assets 1,305 12,279
Net assets 12,590 14,488
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,490 14,388
Shareholder's funds 12,590 14,488
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.
OZKAN KAYAARDI
Director
Approved by the board on 27 March 2024
OZKAY LTD
Notes to the Accounts
for the year ended 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. 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery, equipment Motor vehicles Total
£ £ £
Cost
At 1 July 2022 349 2,300 2,649
Additions 17,460 (2,300) 15,160
At 30 June 2023 17,809 - 17,809
Depreciation
At 1 July 2022 249 191 440
Charge for the year 6,275 - 6,275
On disposals - (191) (191)
At 30 June 2023 6,524 - 6,524
Net book value
At 30 June 2023 11,285 - 11,285
At 30 June 2022 100 2,109 2,209
4 Debtors 2023 2022
£ £
Trade debtors - 2,000
Other debtors - 1,652
- 3,652
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 8,109 -
Taxation and social security costs 375 2,551
Other creditors 8,712 14,188
17,196 16,739
6 Controlling party
Ultimate controlling party is Mr O Kayaardi as director and sole shareholder of the company throughout the current year and the prevous year.
7 Other information
OZKAY LTD is a private company limited by shares and incorporated in England. Its registered office is:
389C HIGH ROAD
WOOD GREEN
LONDON
N21 8JA
OZKAY LTD 12705691 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts October 2023 release 2 OZKAN KAYAARDI No description of principal activity 12705691 2021-07-01 2022-06-30 12705691 core:WithinOneYear 2022-06-30 12705691 core:ShareCapital 2022-06-30 12705691 core:RetainedEarningsAccumulatedLosses 2022-06-30 12705691 2022-07-01 2023-06-30 12705691 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12705691 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12705691 bus:Director40 2022-07-01 2023-06-30 12705691 1 2022-07-01 2023-06-30 12705691 2 2022-07-01 2023-06-30 12705691 core:PlantMachinery 2022-07-01 2023-06-30 12705691 core:Vehicles 2022-07-01 2023-06-30 12705691 countries:England 2022-07-01 2023-06-30 12705691 bus:FRS102 2022-07-01 2023-06-30 12705691 bus:FullAccounts 2022-07-01 2023-06-30 12705691 2023-06-30 12705691 core:WithinOneYear 2023-06-30 12705691 core:ShareCapital 2023-06-30 12705691 core:RetainedEarningsAccumulatedLosses 2023-06-30 12705691 core:PlantMachinery 2023-06-30 12705691 core:Vehicles 2023-06-30 12705691 2022-06-30 12705691 core:PlantMachinery 2022-06-30 12705691 core:Vehicles 2022-06-30 iso4217:GBP xbrli:pure