Acorah Software Products - Accounts Production 16.1.300 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13270438 Mr Efe Kuyumcu Ms E Erdem and Mr E Kuyumcu true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13270438 2023-03-31 13270438 2024-03-31 13270438 2023-04-01 2024-03-31 13270438 frs-core:CurrentFinancialInstruments 2024-03-31 13270438 frs-core:ShareCapital 2024-03-31 13270438 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13270438 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13270438 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13270438 frs-bus:SmallEntities 2023-04-01 2024-03-31 13270438 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13270438 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13270438 1 2023-04-01 2024-03-31 13270438 frs-bus:Director1 2023-04-01 2024-03-31 13270438 frs-countries:EnglandWales 2023-04-01 2024-03-31 13270438 2022-03-31 13270438 2023-03-31 13270438 2022-04-01 2023-03-31 13270438 frs-core:CurrentFinancialInstruments 2023-03-31 13270438 frs-core:ShareCapital 2023-03-31 13270438 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13270438
Dromeas Yachts International Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Adbell Advisory Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13270438
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 446,391 397,433
Cash at bank and in hand 172 10,866
446,563 408,299
Creditors: Amounts Falling Due Within One Year 5 (679,099 ) (533,087 )
NET CURRENT ASSETS (LIABILITIES) (232,536 ) (124,788 )
TOTAL ASSETS LESS CURRENT LIABILITIES (232,536 ) (124,788 )
NET LIABILITIES (232,536 ) (124,788 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (232,636 ) (124,888 )
SHAREHOLDERS' FUNDS (232,536) (124,788)
For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Efe Kuyumcu
Director
13/03/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Dromeas Yachts International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13270438 . The registered office is Russell House, Oxford Road, Bournemouth, BH8 8EX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements are prepared on the basis of the going concern, which assumes that the company will be in operational existence for the foreseeable future. This depends upon continued support of the shareholders. The financial statements do not include any adjustments that would result if such support is withdrawn.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Foreign Currencies
Assets and liabilities in foreign currencies are translated into GBP at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into GBP at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.5. Taxation
Taxation for the period 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 period 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37,041 384,387
Other debtors 409,350 13,046
446,391 397,433
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 127,026 162,873
Bank loans and overdrafts 167 -
Other creditors 540,987 370,214
Taxation and social security 10,919 -
679,099 533,087
6. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
Allotted, issued and fully paid 100 ordinary shares in £1 nominal value each.
7. Related Party Transactions
At the balance sheet date, sales of €67,515.89 and direct costs of €132,769 were payable to Dromeas Yatcilik A.S, a firm in which Mr. E Kuyumcu is a partner, and being settled by other debtors within one year.
8. Ultimate Controlling Party
The company's ultimate controlling party is Ms E Erdem and Mr E Kuyumcu by virtue of his ownership of 100% of the issued share capital in the company.
Page 3