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Company Registration No. 11997748 (England and Wales)
Toguz Ltd Unaudited accounts for the year ended 31 May 2024
Toguz Ltd Unaudited accounts Contents
Page
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Toguz Ltd Company Information for the year ended 31 May 2024
Director
Mr H Toguz
Company Number
11997748 (England and Wales)
Registered Office
120 Dartmouth Park Hill London N19 5HT United Kingdom
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Toguz Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,650 
8,109 
Current assets
Inventories
54,500 
61,000 
Debtors
1,667 
- 
Cash at bank and in hand
2,932 
4,417 
59,099 
65,417 
Creditors: amounts falling due within one year
(54,082)
(68,097)
Net current assets/(liabilities)
5,017 
(2,680)
Net assets
11,667 
5,429 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
11,567 
5,329 
Shareholders' funds
11,667 
5,429 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2024 and were signed on its behalf by
Mr H Toguz Director Company Registration No. 11997748
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Toguz Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Toguz Ltd is a private company, limited by shares, registered in England and Wales, registration number 11997748. The registered office is 120 Dartmouth Park Hill, London, N19 5HT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% - reducing balance
Motor vehicles
3 years - straight line basis
Fixtures & fittings
18% - reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Toguz Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
3,057 
1,000 
10,970 
15,027 
At 31 May 2024
3,057 
1,000 
10,970 
15,027 
Depreciation
At 1 June 2023
550 
1,000 
5,368 
6,918 
Charge for the year
451 
- 
1,008 
1,459 
At 31 May 2024
1,001 
1,000 
6,376 
8,377 
Net book value
At 31 May 2024
2,056 
- 
4,594 
6,650 
At 31 May 2023
2,507 
- 
5,602 
8,109 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,667 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,123 
1,756 
Trade creditors
415 
701 
Taxes and social security
2,169 
175 
Other creditors
49,025 
64,090 
Accruals
350 
1,375 
54,082 
68,097 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
90 A Ordinary shares of £1 each
90 
90 
10 B Ordinary shares of £1 each
10 
10 
100 
100 
8
Transactions with related parties
Included within other creditors is an amount of £49,025 (2023: £64,090) due to the director of the company. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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