Registered number
10169501
YILDIRIM LIMITED
Filleted Accounts
31 May 2024
YILDIRIM LIMITED
Registered number: 10169501
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,792 2,238
Current assets
Stocks 66,097 60,977
Debtors 4 (355) 965
Cash at bank and in hand 7,603 16,335
73,345 78,277
Creditors: amounts falling due within one year 5 (8,997) (16,908)
Net current assets 64,348 61,369
Net assets 66,140 63,607
Capital and reserves
Called up share capital 100 100
Profit and loss account 66,040 63,507
Shareholders' funds 66,140 63,607
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Huseyin Yildirim
Director
Approved by the board on 11 February 2025
YILDIRIM LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 5,117 2,589 7,706
At 31 May 2024 5,117 2,589 7,706
Depreciation
At 1 June 2023 3,608 1,860 5,468
Charge for the year 301 145 446
At 31 May 2024 3,909 2,005 5,914
Net book value
At 31 May 2024 1,208 584 1,792
At 31 May 2023 1,509 729 2,238
4 Debtors 2024 2023
£ £
Trade debtors (1,920) (600)
Other debtors 1,565 1,565
(355) 965
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 11,359 11,038
Taxation and social security costs 2,142 8,655
Other creditors (4,504) (2,785)
8,997 16,908
6 Other information
YILDIRIM LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
393-395 Lordship Lane
Dulwich
London
UK
SE22 8JN
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