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Company Registration No. SC720990 (Scotland)
Aksakal (UK) Ltd Unaudited accounts for the year ended 31 January 2024
Aksakal (UK) Ltd Unaudited accounts Contents
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Aksakal (UK) Ltd Company Information for the year ended 31 January 2024
Directors
Murat Aksakalli Huseyin Cengiz
Company Number
SC720990 (Scotland)
Registered Office
Unit A1 98 Ocean Drive Edinburgh EH6 6JJ UNITED KINGDOM
Accountants
UNAAS Consultants (UK) Limited 1st Floor, Wellesley House 102 Cranbrook Road Ilford Essex IG1 4NH
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Aksakal (UK) Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,681 
30,788 
Current assets
Inventories
7,500 
5,000 
Cash at bank and in hand
5,439 
14,030 
12,939 
19,030 
Creditors: amounts falling due within one year
(60,195)
(42,397)
Net current liabilities
(47,256)
(23,367)
Net (liabilities)/assets
(20,575)
7,421 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(20,675)
7,321 
Shareholders' funds
(20,575)
7,421 
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 29 January 2025 and were signed on its behalf by
Murat Aksakalli Director Company Registration No. SC720990
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Aksakal (UK) Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Aksakal (UK) Ltd is a private company, limited by shares, registered in Scotland, registration number SC720990. The registered office is Unit A1, 98 Ocean Drive, Edinburgh, EH6 6JJ, 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. 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:
Plant & machinery
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Deferred taxation
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Aksakal (UK) Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
12,815 
25,670 
38,485 
At 31 January 2024
12,815 
25,670 
38,485 
Depreciation
At 1 February 2023
2,563 
5,134 
7,697 
Charge for the year
- 
4,107 
4,107 
At 31 January 2024
2,563 
9,241 
11,804 
Net book value
At 31 January 2024
10,252 
16,429 
26,681 
At 31 January 2023
10,252 
20,536 
30,788 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,493 
- 
Trade creditors
- 
2,000 
Taxes and social security
1,539 
2,367 
Loans from directors
56,029 
37,280 
Accruals
1,134 
750 
60,195 
42,397 
6
Transactions with related parties
At the year end company owed £56,029 to its directors. This amount is an interest free and is payable on demand.
7
Average number of employees
During the year the average number of employees was 7 (2023: 5).
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