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REGISTERED NUMBER: 04012056 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Aytac Foods Limited

Aytac Foods Limited (Registered number: 04012056)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aytac Foods Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R Ercan
A C Uguz





REGISTERED OFFICE: Office Management Suite 1
Unit 4 Forest Business Park,
Argall Avenue
London
E10 7FB





REGISTERED NUMBER: 04012056 (England and Wales)





ACCOUNTANTS: Musalar & Co Accountants
International Accountant &Tax Consultant
FAIA, FFA, FIPA,,FFTA
536 Lordship Lane
London
N22 5BY

Aytac Foods Limited (Registered number: 04012056)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,372 43,592
Tangible assets 5 8,234,308 8,045,945
8,271,680 8,089,537

CURRENT ASSETS
Debtors 6 42,661 199,628
Cash at bank and in hand 76,086 37,345
118,747 236,973
CREDITORS
Amounts falling due within one year 7 3,827,801 3,522,553
NET CURRENT LIABILITIES (3,709,054 ) (3,285,580 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,562,626

4,803,957

CREDITORS
Amounts falling due after more than one
year

8

3,627,021

3,910,221
NET ASSETS 935,605 893,736

CAPITAL AND RESERVES
Called up share capital 10 250,000 250,000
Retained earnings 11 685,605 643,736
SHAREHOLDERS' FUNDS 935,605 893,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Aytac Foods Limited (Registered number: 04012056)

Balance Sheet - continued
30 June 2024


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 March 2025 and were signed on its behalf by:





R Ercan - Director


Aytac Foods Limited (Registered number: 04012056)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Aytac Foods Limited 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 0, is being amortised evenly over its estimated useful life of nil 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.


Aytac Foods Limited (Registered number: 04012056)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

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 31 (2023 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 July 2023 11,449 77,147 88,596
Additions - 1,661 1,661
At 30 June 2024 11,449 78,808 90,257
AMORTISATION
At 1 July 2023 11,448 33,556 45,004
Amortisation for year - 7,881 7,881
At 30 June 2024 11,448 41,437 52,885
NET BOOK VALUE
At 30 June 2024 1 37,371 37,372
At 30 June 2023 1 43,591 43,592

Aytac Foods Limited (Registered number: 04012056)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery Totals
£    £    £    £   
COST
At 1 July 2023 3,552,123 4,181,147 710,948 8,444,218
Additions - - 287,718 287,718
At 30 June 2024 3,552,123 4,181,147 998,666 8,731,936
DEPRECIATION
At 1 July 2023 - 398,273 - 398,273
Charge for year - 41,811 57,544 99,355
At 30 June 2024 - 440,084 57,544 497,628
NET BOOK VALUE
At 30 June 2024 3,552,123 3,741,063 941,122 8,234,308
At 30 June 2023 3,552,123 3,782,874 710,948 8,045,945

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 23,518 81,025
VAT 19,143 40,023
Prepayments - 78,580
42,661 199,628

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other loans (see note 9) 2,912,198 2,961,075
Trade creditors 898,703 545,318
Paye 12,262 10,599
Other creditors 4,638 5,561
3,827,801 3,522,553

Aytac Foods Limited (Registered number: 04012056)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 9) 3,398,042 3,600,051
Hire purchase contracts 7,650 22,739
Directors' loan accounts 221,329 287,431
3,627,021 3,910,221

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,398,042 3,600,051

9. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Other loans 2,912,198 2,961,075

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,398,042 3,600,051

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
250,000 Ordinary 1.00 250,000 250,000

11. RESERVES
Retained
earnings
£   

At 1 July 2023 643,736
Profit for the year 66,869
Dividends (25,000 )
At 30 June 2024 685,605