Company Registration No. 11167369 (England and Wales)
Fyk Construction Ltd.
Unaudited accounts
for the year ended 31 January 2024
Fyk Construction Ltd.
Unaudited accounts
Contents
Fyk Construction Ltd.
Company Information
for the year ended 31 January 2024
Directors
Mirhat Firat Kaya
Yekta Cemal Kaya
Company Number
11167369 (England and Wales)
Registered Office
27 Fen View Court
Cambridge
Cambridgeshire
CB4 1RF
England
Accountants
Rohallah Bastam FAIA,FCPA
14 Fowler avenue
Trumpington
Cambridge
CB2 9FH
Fyk Construction Ltd.
Statement of financial position
as at 31 January 2024
Tangible assets
1,625,371
1,270,073
Cash at bank and in hand
22,633
26,868
Creditors: amounts falling due within one year
(1,527,161)
(1,152,029)
Net current liabilities
(1,440,302)
(1,112,584)
Total assets less current liabilities
185,069
157,489
Provisions for liabilities
Deferred tax
(9,911)
(9,911)
Net assets
175,158
147,578
Called up share capital
100
100
Revaluation reserve
51,092
51,092
Profit and loss account
123,966
96,386
Shareholders' funds
175,158
147,578
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 5 October 2024 and were signed on its behalf by
Mirhat Firat Kaya
Director
Company Registration No. 11167369
Fyk Construction Ltd.
Notes to the Accounts
for the year ended 31 January 2024
Fyk Construction Ltd. is a private company, limited by shares, registered in England and Wales, registration number 11167369. The registered office is 27 Fen View Court, Cambridge, Cambridgeshire, CB4 1RF, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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. 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 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:
Computer equipment
-25% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fyk Construction Ltd.
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
1,269,001
1,429
1,270,430
Additions
352,399
3,638
356,037
At 31 January 2024
1,621,400
5,067
1,626,467
At 1 February 2023
-
357
357
Charge for the year
-
739
739
At 31 January 2024
-
1,096
1,096
At 31 January 2024
1,621,400
3,971
1,625,371
At 31 January 2023
1,269,001
1,072
1,270,073
Investment property was valued on an open market basis on 31 January 2023 by Mr M F Kaya.
Amounts falling due within one year
Amounts due from group undertakings etc.
11,527
11,527
Accrued income and prepayments
1,050
1,050
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,117
3,276
Taxes and social security
14,455
12,584
Other creditors
11,250
11,250
Loans from directors
1,489,139
1,122,540
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
(1,124,014)
1,590,488
1,958,192
(1,491,718)
(1,124,014)
1,590,488
1,958,192
(1,491,718)
Fyk Construction Ltd.
Notes to the Accounts
for the year ended 31 January 2024
9
Average number of employees
During the year the average number of employees was 3 (2023: 1).