Company Registration No. 10767319 (England and Wales)
Demirbasa Limited
Unaudited accounts
for the year ended 31 May 2024
Demirbasa Limited
Unaudited accounts
Contents
Demirbasa Limited
Company Information
for the year ended 31 May 2024
Company Number
10767319 (England and Wales)
Registered Office
Stone Court House
28 Lower Stone Street
Maidstone
Kent
ME15 6LX
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Demirbasa Limited
Statement of financial position
as at 31 May 2024
Tangible assets
20,896
13,662
Cash at bank and in hand
1,739
5,228
Creditors: amounts falling due within one year
(127,956)
(169,386)
Net current liabilities
(126,217)
(164,158)
Total assets less current liabilities
(105,321)
(150,496)
Creditors: amounts falling due after more than one year
(2,440)
(7,003)
Net liabilities
(107,761)
(157,499)
Called up share capital
1
1
Profit and loss account
(107,762)
(157,500)
Shareholders' funds
(107,761)
(157,499)
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 her 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 27 February 2025 and were signed on its behalf by
B Demirbasa
Director
Company Registration No. 10767319
Demirbasa Limited
Notes to the Accounts
for the year ended 31 May 2024
Demirbasa Limited is a private company, limited by shares, registered in England and Wales, registration number 10767319. The registered office is Stone Court House, 28 Lower Stone Street, Maidstone, Kent, ME15 6LX.
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.
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.
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.
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:
Fixtures & fittings
20% straight line basis
Computer equipment
20% straight line basis
The financial statements have been prepared on a going concern basis as the director has indicated she will continue to provide finance to meet ongoing costs.
Demirbasa Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
17,544
748
18,292
At 31 May 2024
29,177
748
29,925
At 1 June 2023
4,093
537
4,630
Charge for the year
4,249
150
4,399
At 31 May 2024
8,342
687
9,029
At 31 May 2024
20,835
61
20,896
At 31 May 2023
13,451
211
13,662
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,960
3,795
Amounts owed to group undertakings and other participating interests
29,390
36,822
Taxes and social security
9,636
5,452
Loans from directors
83,987
122,374
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).