2023-07-012024-06-302024-06-30false04245586GULLUOGLU (UK) LIMITED2025-03-12falseiso4217:GBPxbrli:pure042455862023-07-01042455862024-06-30042455862023-07-012024-06-30042455862022-07-01042455862023-06-30042455862022-07-012023-06-3004245586bus:SmallEntities2023-07-012024-06-3004245586bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3004245586bus:FullAccounts2023-07-012024-06-3004245586bus:PrivateLimitedCompanyLtd2023-07-012024-06-3004245586core:WithinOneYear2024-06-3004245586core:AfterOneYear2024-06-3004245586core:WithinOneYear2023-06-3004245586core:AfterOneYear2023-06-3004245586core:ShareCapital2024-06-3004245586core:SharePremium2024-06-3004245586core:RevaluationReserve2024-06-3004245586core:OtherReservesSubtotal2024-06-3004245586core:RetainedEarningsAccumulatedLosses2024-06-3004245586core:ShareCapital2023-06-3004245586core:SharePremium2023-06-3004245586core:RevaluationReserve2023-06-3004245586core:OtherReservesSubtotal2023-06-3004245586core:RetainedEarningsAccumulatedLosses2023-06-3004245586core:LandBuildings2024-06-3004245586core:PlantMachinery2024-06-3004245586core:Vehicles2024-06-3004245586core:FurnitureFittings2024-06-3004245586core:OfficeEquipment2024-06-3004245586core:NetGoodwill2024-06-3004245586core:IntangibleAssetsOtherThanGoodwill2024-06-3004245586core:ListedExchangeTraded2024-06-3004245586core:UnlistedNon-exchangeTraded2024-06-3004245586core:LandBuildings2023-06-3004245586core:PlantMachinery2023-06-3004245586core:Vehicles2023-06-3004245586core:FurnitureFittings2023-06-3004245586core:OfficeEquipment2023-06-3004245586core:NetGoodwill2023-06-3004245586core:IntangibleAssetsOtherThanGoodwill2023-06-3004245586core:ListedExchangeTraded2023-06-3004245586core:UnlistedNon-exchangeTraded2023-06-3004245586core:LandBuildings2023-07-012024-06-3004245586core:PlantMachinery2023-07-012024-06-3004245586core:Vehicles2023-07-012024-06-3004245586core:FurnitureFittings2023-07-012024-06-3004245586core:OfficeEquipment2023-07-012024-06-3004245586core:NetGoodwill2023-07-012024-06-3004245586core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3004245586core:ListedExchangeTraded2023-07-012024-06-3004245586core:UnlistedNon-exchangeTraded2023-07-012024-06-3004245586core:MoreThanFiveYears2023-07-012024-06-3004245586core:Non-currentFinancialInstruments2024-06-3004245586core:Non-currentFinancialInstruments2023-06-3004245586dpl:CostSales2023-07-012024-06-3004245586dpl:DistributionCosts2023-07-012024-06-3004245586core:LandBuildings2023-07-012024-06-3004245586core:PlantMachinery2023-07-012024-06-3004245586core:Vehicles2023-07-012024-06-3004245586core:FurnitureFittings2023-07-012024-06-3004245586core:OfficeEquipment2023-07-012024-06-3004245586dpl:AdministrativeExpenses2023-07-012024-06-3004245586core:NetGoodwill2023-07-012024-06-3004245586core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3004245586dpl:GroupUndertakings2023-07-012024-06-3004245586dpl:ParticipatingInterests2023-07-012024-06-3004245586dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3004245586core:ListedExchangeTraded2023-07-012024-06-3004245586dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3004245586core:UnlistedNon-exchangeTraded2023-07-012024-06-3004245586dpl:CostSales2022-07-012023-06-3004245586dpl:DistributionCosts2022-07-012023-06-3004245586core:LandBuildings2022-07-012023-06-3004245586core:PlantMachinery2022-07-012023-06-3004245586core:Vehicles2022-07-012023-06-3004245586core:FurnitureFittings2022-07-012023-06-3004245586core:OfficeEquipment2022-07-012023-06-3004245586dpl:AdministrativeExpenses2022-07-012023-06-3004245586core:NetGoodwill2022-07-012023-06-3004245586core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3004245586dpl:GroupUndertakings2022-07-012023-06-3004245586dpl:ParticipatingInterests2022-07-012023-06-3004245586dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3004245586core:ListedExchangeTraded2022-07-012023-06-3004245586dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3004245586core:UnlistedNon-exchangeTraded2022-07-012023-06-3004245586core:NetGoodwill2024-06-3004245586core:IntangibleAssetsOtherThanGoodwill2024-06-3004245586core:LandBuildings2024-06-3004245586core:PlantMachinery2024-06-3004245586core:Vehicles2024-06-3004245586core:FurnitureFittings2024-06-3004245586core:OfficeEquipment2024-06-3004245586core:AfterOneYear2024-06-3004245586core:WithinOneYear2024-06-3004245586core:ListedExchangeTraded2024-06-3004245586core:UnlistedNon-exchangeTraded2024-06-3004245586core:ShareCapital2024-06-3004245586core:SharePremium2024-06-3004245586core:RevaluationReserve2024-06-3004245586core:OtherReservesSubtotal2024-06-3004245586core:RetainedEarningsAccumulatedLosses2024-06-3004245586core:NetGoodwill2023-06-3004245586core:IntangibleAssetsOtherThanGoodwill2023-06-3004245586core:LandBuildings2023-06-3004245586core:PlantMachinery2023-06-3004245586core:Vehicles2023-06-3004245586core:FurnitureFittings2023-06-3004245586core:OfficeEquipment2023-06-3004245586core:AfterOneYear2023-06-3004245586core:WithinOneYear2023-06-3004245586core:ListedExchangeTraded2023-06-3004245586core:UnlistedNon-exchangeTraded2023-06-3004245586core:ShareCapital2023-06-3004245586core:SharePremium2023-06-3004245586core:RevaluationReserve2023-06-3004245586core:OtherReservesSubtotal2023-06-3004245586core:RetainedEarningsAccumulatedLosses2023-06-3004245586core:NetGoodwill2022-07-0104245586core:IntangibleAssetsOtherThanGoodwill2022-07-0104245586core:LandBuildings2022-07-0104245586core:PlantMachinery2022-07-0104245586core:Vehicles2022-07-0104245586core:FurnitureFittings2022-07-0104245586core:OfficeEquipment2022-07-0104245586core:AfterOneYear2022-07-0104245586core:WithinOneYear2022-07-0104245586core:ListedExchangeTraded2022-07-0104245586core:UnlistedNon-exchangeTraded2022-07-0104245586core:ShareCapital2022-07-0104245586core:SharePremium2022-07-0104245586core:RevaluationReserve2022-07-0104245586core:OtherReservesSubtotal2022-07-0104245586core:RetainedEarningsAccumulatedLosses2022-07-0104245586core:AfterOneYear2023-07-012024-06-3004245586core:WithinOneYear2023-07-012024-06-3004245586core:Non-currentFinancialInstrumentscore:CostValuation2023-07-012024-06-3004245586core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-012024-06-3004245586core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-012024-06-3004245586core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-012024-06-3004245586core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-012024-06-3004245586core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-012024-06-3004245586core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3004245586core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3004245586core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3004245586core:Non-currentFinancialInstrumentscore:CostValuation2024-06-3004245586core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-06-3004245586core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-06-3004245586core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-06-3004245586core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-06-3004245586core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-06-3004245586core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-06-3004245586core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-06-3004245586core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-06-3004245586core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3004245586core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3004245586core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3004245586core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3004245586core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3004245586core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3004245586core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3004245586core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3004245586core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3004245586bus:Director12023-07-012024-06-3004245586bus:Director22023-07-012024-06-3004245586core:FurnitureFittingsToolsEquipment2023-06-3004245586core:FurnitureFittingsToolsEquipment2024-06-3004245586core:FurnitureFittingsToolsEquipment2023-07-012024-06-30

GULLUOGLU (UK) LIMITED

Registered Number
04245586
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

GULLUOGLU (UK) LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

KAYA, Fatma Meltem Tari
KAYA, Yunus Emre

Company Secretary

KAYA, Fatma Meltem Tari

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

04245586 (England and Wales)
GULLUOGLU (UK) LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36,8159,087
6,8159,087
Current assets
Stocks437,25020,963
Debtors547,606628,460
Cash at bank and on hand1,741,6771,480,188
2,326,5332,129,611
Creditors amounts falling due within one year5(2,332,104)(2,136,010)
Net current assets (liabilities)(5,571)(6,399)
Total assets less current liabilities1,2442,688
Net assets1,2442,688
Capital and reserves
Called up share capital100100
Profit and loss account1,1442,588
Shareholders' funds1,2442,688
The financial statements were approved and authorised for issue by the Board of Directors on 12 March 2025, and are signed on its behalf by:
KAYA, Yunus Emre
Director
Registered Company No. 04245586
GULLUOGLU (UK) LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Revenue from sale of goods
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. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 July 2324,26413,99534,17072,429
At 30 June 2424,26413,99534,17072,429
Depreciation and impairment
At 01 July 2323,9515,46733,92463,342
Charge for year782,132622,272
At 30 June 2424,0297,59933,98665,614
Net book value
At 30 June 242356,3961846,815
At 30 June 233138,5282469,087
4.Stocks

2024

2023

££
Finished goods37,25020,963
Total37,25020,963
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,6367,088
Taxation and social security32,85418,987
Other creditors2,227,7082,108,035
Accrued liabilities and deferred income61,9061,900
Total2,332,1042,136,010
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.
6.Related party transactions
At the yearend, the company was owed £206,200 (2023: £245,249) and £255,000 (2023: £255,000) by Kayaco Investments Ltd and Kayaco Holdings Ltd. The company owed £2,214,266 (2023: £2,107,536) to Star Distribution UK Ltd. The companies are related as Mr Y Kaya is also the director of these companies.