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REGISTERED NUMBER: 07442353 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SAHTAS UK LTD

SAHTAS UK LTD (REGISTERED NUMBER: 07442353)






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

Report of the Accountants 7

SAHTAS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr M Z Sahin
Mr Y Sahin





REGISTERED OFFICE: Compound A
Scires Farm
Bufflers Holt
Buckingham
Buckinghamshire
MK18 5DN





REGISTERED NUMBER: 07442353 (England and Wales)





ACCOUNTANTS: V Drought & Co Ltd
Chartered Certified Accountants
218 Downs Barn Boulevard
Downs Barn
Milton Keynes
MK14 7QH

SAHTAS UK LTD (REGISTERED NUMBER: 07442353)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,816 770
Investments 6 550,000 550,000
556,816 550,770

CURRENT ASSETS
Stocks 718,466 790,478
Debtors 7 624,934 1,161,231
Prepayments and accrued income 3,628 20,000
Cash at bank 5,245 66,936
1,352,273 2,038,645
CREDITORS
Amounts falling due within one year 8 851,095 1,158,492
NET CURRENT ASSETS 501,178 880,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,057,994

1,430,923

CREDITORS
Amounts falling due after more than one
year

9

75,000

125,000
NET ASSETS 982,994 1,305,923

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 832,994 1,155,923
SHAREHOLDERS' FUNDS 982,994 1,305,923

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.

SAHTAS UK LTD (REGISTERED NUMBER: 07442353)

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 5 November 2024 and were signed on its behalf by:





Mr M Z Sahin - Director


SAHTAS UK LTD (REGISTERED NUMBER: 07442353)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Sahtas UK Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

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.

SAHTAS UK LTD (REGISTERED NUMBER: 07442353)

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 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 51,951
AMORTISATION
At 1 January 2023
and 31 December 2023 51,951
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 62,341
Additions 9,119
At 31 December 2023 71,460
DEPRECIATION
At 1 January 2023 61,571
Charge for year 3,073
At 31 December 2023 64,644
NET BOOK VALUE
At 31 December 2023 6,816
At 31 December 2022 770

6. FIXED ASSET INVESTMENTS
Other
loans
£   
At 1 January 2023
and 31 December 2023 550,000

SAHTAS UK LTD (REGISTERED NUMBER: 07442353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. FIXED ASSET INVESTMENTS - continued

This is a six year fixed investment bearing interest at 4% over Bank of England base rate.

7. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 495,671 360,602
Other debtors 129,263 800,040
624,934 1,160,642

Amounts falling due after more than one year:
Amounts receivable in respect of hire
purchase contracts

-

589

Aggregate amounts 624,934 1,161,231

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 5,260 5,260
Trade creditors 30,108 90,368
Taxation and social security 309,459 256,725
Other creditors 506,268 806,139
851,095 1,158,492

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 75,000 125,000

SAHTAS UK LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
SAHTAS UK LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages one to fourteen and you consider that the company is exempt from an audit.

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 information and explanations supplied to us.






V Drought & Co Ltd
Chartered Certified Accountants
218 Downs Barn Boulevard
Downs Barn
Milton Keynes
MK14 7QH


5 November 2024