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Registered number: 11468749
Efes Fulham Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Abbey Digitax LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11468749
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 101,754 99,900
101,754 99,900
CURRENT ASSETS
Stocks 5 20,000 15,000
Debtors 6 51,892 42,222
Cash at bank and in hand 21,724 103,026
93,616 160,248
Creditors: Amounts Falling Due Within One Year 7 (150,547 ) (122,940 )
NET CURRENT ASSETS (LIABILITIES) (56,931 ) 37,308
TOTAL ASSETS LESS CURRENT LIABILITIES 44,823 137,208
Creditors: Amounts Falling Due After More Than One Year 8 (560 ) (111,155 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,000 ) (12,290 )
NET ASSETS 19,263 13,763
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 19,163 13,663
SHAREHOLDERS' FUNDS 19,263 13,763
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Ibrahim Uzun
Director
20/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Efes Fulham Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11468749 . The registered office is Suite 15, 37 Stanmore Hill, Stanmore, Middlesex, HA7 3DS.
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. 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. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over 15 years
Plant & Machinery 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 27,073 72,490 87,791 6,550 193,904
Additions - - 27,804 - 27,804
As at 31 August 2024 27,073 72,490 115,595 6,550 221,708
Depreciation
As at 1 September 2023 15,373 33,090 41,791 3,750 94,004
Provided during the period 3,900 9,850 11,500 700 25,950
As at 31 August 2024 19,273 42,940 53,291 4,450 119,954
Net Book Value
As at 31 August 2024 7,800 29,550 62,304 2,100 101,754
As at 1 September 2023 11,700 39,400 46,000 2,800 99,900
5. Stocks
2024 2023
£ £
Stock 20,000 -
Finished goods - 15,000
20,000 15,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 22,222 22,222
Pension scheme prepayments (330 ) -
21,892 22,222
Due after more than one year
Amounts owed by group undertakings 30,000 20,000
51,892 42,222
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 34,120 10,836
Bank loans and overdrafts 10,000 10,000
Corporation tax 2,179 -
Other taxes and social security 1,721 50,643
VAT 89,565 -
Accruals and deferred income 11,500 50,000
Director's loan account 1,462 1,461
150,547 122,940
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 560 11,155
VAT - 100,000
560 111,155
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is EFES Holdings Limited by virtue of his ownership of 100% of the issued share capital in the company.
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