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KARTAL MEATS LIMITED

Registered Number
08055653
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

KARTAL MEATS LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

Bilal USTUN

Registered Address

33 Shaftsbury Road
Unit 4
London
N18 1SW

Registered Number

08055653 (England and Wales)
KARTAL MEATS LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3239,032212,176
239,032212,176
Current assets
Stocks4308,851254,074
Debtors51,616,9261,445,911
Cash at bank and on hand81,38529,524
2,007,1621,729,509
Creditors amounts falling due within one year6(1,579,216)(1,139,284)
Net current assets (liabilities)427,946590,225
Total assets less current liabilities666,978802,401
Creditors amounts falling due after one year7(11,333)(312,211)
Provisions for liabilities8(9,272)(9,272)
Net assets646,373480,918
Capital and reserves
Called up share capital100100
Profit and loss account646,273480,818
Shareholders' funds646,373480,918
The financial statements were approved and authorised for issue by the Director on 14 April 2025, and are signed on its behalf by:
Bilal USTUN
Director
Registered Company No. 08055653
KARTAL MEATS LIMITED
Notes to the Financial Statements
for the year ended 31 May 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.
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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:
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 year3536
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 June 23314,564107,5308,495430,589
Additions29,53723,5162,58955,642
At 31 May 24344,101131,04611,084486,231
Depreciation and impairment
At 01 June 23146,63967,7054,069218,413
Charge for year18,0779,5641,14528,786
At 31 May 24164,71677,2695,214247,199
Net book value
At 31 May 24179,38553,7775,870239,032
At 31 May 23167,92539,8254,426212,176
4.Stocks

2024

2023

££
Finished goods308,851254,074
Total308,851254,074
5.Debtors: amounts due after one year
Included in other debtors are amounts due from related companies, other loans and VAT refundable.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,264,722671,175
Bank borrowings and overdrafts23,78970,050
Taxation and social security119,210225,794
Other creditors162,494165,764
Accrued liabilities and deferred income9,0016,501
Total1,579,2161,139,284
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts11,333312,211
Total11,333312,211
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)9,2729,272
Total9,2729,272