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REGISTERED NUMBER: 09119441 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Korzinka Limited

Korzinka Limited (Registered number: 09119441)






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


Korzinka Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S Dogan





REGISTERED OFFICE: 30 Field Street
Boston
Lincolnshire
PE21 6TR





REGISTERED NUMBER: 09119441 (England and Wales)





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

Korzinka Limited (Registered number: 09119441)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 624,571 626,641

CURRENT ASSETS
Debtors 5 72,249 212,732
Cash at bank and in hand 43,001 123,198
115,250 335,930
CREDITORS
Amounts falling due within one year 6 70,000 227,624
NET CURRENT ASSETS 45,250 108,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

669,821

734,947

CREDITORS
Amounts falling due after more than one
year

7

295,586

363,906
NET ASSETS 374,235 371,041

CAPITAL AND RESERVES
Called up share capital 9 30,000 30,000
Retained earnings 10 344,235 341,041
SHAREHOLDERS' FUNDS 374,235 371,041

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 director acknowledges his 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.

Korzinka Limited (Registered number: 09119441)

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 director and authorised for issue on 24 March 2025 and were signed by:





S Dogan - Director


Korzinka Limited (Registered number: 09119441)

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

1. STATUTORY INFORMATION

Korzinka 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.

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.

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.

Korzinka Limited (Registered number: 09119441)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 14 ).

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2023 626,640 - 14,258 640,898
Additions - 10,353 - 10,353
At 30 June 2024 626,640 10,353 14,258 651,251
DEPRECIATION
At 1 July 2023 - - 14,257 14,257
Charge for year - 12,423 - 12,423
At 30 June 2024 - 12,423 14,257 26,680
NET BOOK VALUE
At 30 June 2024 626,640 (2,070 ) 1 624,571
At 30 June 2023 626,640 - 1 626,641

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 68,878 209,305
VAT 3,371 3,427
72,249 212,732

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 8) - 4,768
Trade creditors - 212,849
Paye - 5,034
Tax - 4,973
Loan from associates 70,000 -
70,000 227,624

Korzinka Limited (Registered number: 09119441)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 8) 295,586 363,906

8. 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:
Bank overdrafts - 4,768

Amounts falling due between two and five years:
Bank loans - 2-5 years 295,586 363,906

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
30,000 Ordinary shares class A 1.00 30,000 30,000

10. RESERVES
Retained
earnings
£   

At 1 July 2023 341,041
Profit for the year 3,194
At 30 June 2024 344,235

11. ULTIMATE CONTROLLING PARTY

From the date of incorporation Mr Dogan has controlled the company by virtue of a 100% shareholding