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2023-07-31
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No description of principal activities is disclosed
2022-08-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
09691226
2022-08-01
2023-07-31
09691226
2023-07-31
09691226
2022-07-31
09691226
2021-08-01
2022-07-31
09691226
2022-07-31
09691226
2021-07-31
09691226
core:FurnitureFittingsToolsEquipment
2022-08-01
2023-07-31
09691226
core:MotorVehicles
2022-08-01
2023-07-31
09691226
bus:RegisteredOffice
2022-08-01
2023-07-31
09691226
bus:LeadAgentIfApplicable
2022-08-01
2023-07-31
09691226
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2022-08-01
2023-07-31
09691226
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2021-08-01
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09691226
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2022-08-01
2023-07-31
09691226
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2023-07-31
09691226
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2022-07-31
09691226
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2023-07-31
09691226
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2022-07-31
09691226
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2023-07-31
09691226
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2022-07-31
09691226
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2023-07-31
09691226
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2022-07-31
09691226
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2021-07-31
09691226
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09691226
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2023-07-31
09691226
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2023-07-31
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2023-07-31
Company registration number:
09691226
Diyar Market Ltd
Unaudited filleted abridged financial statements
31 July 2023
Diyar Market Ltd
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Diyar Market Ltd
Directors and other information
|
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Director |
ALI GURGUR |
|
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|
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Company number |
09691226 |
|
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|
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|
Registered office |
187 HIGH ROAD LEYTON |
|
|
LONDON |
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|
E15 2BY |
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|
Accountants |
BENCHMARK ACCOUNTING SERVICES LTD |
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|
187 HIGH ROAD LEYTON |
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|
LONDON |
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|
E15 2BY |
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|
Diyar Market Ltd
Report to the director on the preparation of the
unaudited statutory financial statements of Diyar Market Ltd
Year ended 31 July 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 July 2023 which comprise the abridged statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
BENCHMARK ACCOUNTING SERVICES LTD
187 HIGH ROAD LEYTON
LONDON
E15 2BY
30 July 2024
Diyar Market Ltd
Abridged statement of financial position
31 July 2023
|
|
|
2023 |
|
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|
2022 |
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|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
20,647 |
|
|
|
25,320 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
20,647 |
|
|
|
25,320 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
69,220 |
|
|
|
40,611 |
|
|
Debtors |
|
|
138,188 |
|
|
|
141,347 |
|
|
Cash at bank and in hand |
|
|
43,724 |
|
|
|
44,260 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
251,132 |
|
|
|
226,218 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
|
(
273,404) |
|
|
|
(
207,505) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current (liabilities)/assets |
|
|
|
|
(
22,272) |
|
|
|
18,713 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
(
1,625) |
|
|
|
44,033 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
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|
after more than one year |
|
|
|
|
(
515,591) |
|
|
|
(
58,775) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net liabilities |
|
|
|
|
(
517,216) |
|
|
|
(
14,742) |
|
|
|
|
|
_______ |
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|
|
_______ |
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Capital and reserves |
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|
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|
|
|
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|
Called up share capital |
|
|
|
|
25,000 |
|
|
|
25,000 |
Profit and loss account |
|
|
|
|
(
542,216) |
|
|
|
(
39,742) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholder deficit |
|
|
|
|
(
517,216) |
|
|
|
(
14,742) |
|
|
|
|
|
_______ |
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|
_______ |
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|
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
30 July 2024
, and are signed on behalf of the board by:
ALI GURGUR
Director
Company registration number:
09691226
Diyar Market Ltd
Statement of changes in equity
Year ended 31 July 2023
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
At 1 August 2021 |
|
25,000 |
|
(
12,170) |
12,830 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss for the year |
|
|
|
(
27,572) |
(
27,572) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
(
27,572) |
(
27,572) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 July 2022 and 1 August 2022 |
|
25,000 |
|
(
39,742) |
(
14,742) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss for the year |
|
|
|
(
502,474) |
(
502,474) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
(
502,474) |
(
502,474) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 July 2023 |
|
25,000 |
|
(
542,216) |
(
517,216) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
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Diyar Market Ltd
Notes to the financial statements
Year ended 31 July 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 187 HIGH ROAD LEYTON, LONDON, E15 2BY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
15 % |
reducing balance |
|
Motor vehicles |
- |
20 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
14
(2022:
12
).
5.
Tangible assets
|
|
|
|
|
|
|
|
|
|
|
£ |
|
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 August 2022 and 31 July 2023 |
36,862 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 August 2022 |
11,542 |
|
|
|
|
|
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|
Charge for the year |
4,673 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 31 July 2023 |
16,215 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
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|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 July 2023 |
20,647 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 31 July 2022 |
25,320 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
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6.
Controlling party
The company was controlled by the director, Ali Gurgur.