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REGISTERED NUMBER: 12193385 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

KYK TRADING LIMITED

KYK TRADING LIMITED (REGISTERED NUMBER: 12193385)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KYK TRADING LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr Huseyin Koc
Mr Yilmaz Kara





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





REGISTERED NUMBER: 12193385 (England and Wales)





ACCOUNTANTS: ADPL LLP
Chartered Certified Accountants
& Business Advisers
Ernest House
293 Green Lanes
Palmers Green
London
N13 4XS

KYK TRADING LIMITED (REGISTERED NUMBER: 12193385)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 216,483 218,321

CURRENT ASSETS
Stocks 362,250 363,655
Debtors 5 19,979 24,663
Cash at bank and in hand 53,570 86,753
435,799 475,071
CREDITORS
Amounts falling due within one year 6 255,827 411,025
NET CURRENT ASSETS 179,972 64,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,455

282,367

PROVISIONS FOR LIABILITIES 7 22,273 22,538
NET ASSETS 374,182 259,829

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 374,082 259,729
SHAREHOLDERS' FUNDS 374,182 259,829

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KYK TRADING LIMITED (REGISTERED NUMBER: 12193385)

Balance Sheet - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Mr Huseyin Koc - Director


KYK TRADING LIMITED (REGISTERED NUMBER: 12193385)

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


1. STATUTORY INFORMATION

Kyk Trading Limited 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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.
The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

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.
Improvements to property - 10% on reducing balance
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% 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 Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KYK TRADING LIMITED (REGISTERED NUMBER: 12193385)

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


2. ACCOUNTING POLICIES - continued

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 26 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2023 9,525 131,167 128,017
Additions - - 7,500
At 31 December 2023 9,525 131,167 135,517
DEPRECIATION
At 1 January 2023 - 31,465 32,417
Charge for year - 9,970 10,310
At 31 December 2023 - 41,435 42,727
NET BOOK VALUE
At 31 December 2023 9,525 89,732 92,790
At 31 December 2022 9,525 99,702 95,600

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 3,570 12,076 284,355
Additions 12,550 - 20,050
At 31 December 2023 16,120 12,076 304,405
DEPRECIATION
At 1 January 2023 614 1,538 66,034
Charge for year 554 1,054 21,888
At 31 December 2023 1,168 2,592 87,922
NET BOOK VALUE
At 31 December 2023 14,952 9,484 216,483
At 31 December 2022 2,956 10,538 218,321

KYK TRADING LIMITED (REGISTERED NUMBER: 12193385)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 19,979 24,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 23,195 33,389
Trade creditors 128,081 258,038
Taxation and social security 64,551 43,652
Other creditors 40,000 75,946
255,827 411,025

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 22,273 22,538

Deferred
tax
£   
Balance at 1 January 2023 22,538
Credit to Income Statement during year (265 )
Balance at 31 December 2023 22,273