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REGISTERED NUMBER: 10078272 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

DRAGON LONDON LIMITED

DRAGON LONDON LIMITED (REGISTERED NUMBER: 10078272)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRAGON LONDON LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr Ozgur Yilmaz
Mr Ozgur Soydas
Mr Gokhan Koseoglu





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 10078272 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

DRAGON LONDON LIMITED (REGISTERED NUMBER: 10078272)

Balance Sheet
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 105,630 60,830
105,630 60,830

CURRENT ASSETS
Stocks 380,000 276,703
Debtors 6 188,448 199,517
Investments 7 4,667 4,667
Cash at bank and in hand 133,880 159,249
706,995 640,136
CREDITORS
Amounts falling due within one year 8 635,693 520,565
NET CURRENT ASSETS 71,302 119,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,932

180,401

CREDITORS
Amounts falling due after more than one
year

9

(84,867

)

(126,795

)

PROVISIONS FOR LIABILITIES 12 (20,070 ) (11,558 )
NET ASSETS 71,995 42,048

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 70,995 41,048
71,995 42,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DRAGON LONDON LIMITED (REGISTERED NUMBER: 10078272)

Balance Sheet - continued
31 DECEMBER 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:




Mr Ozgur Yilmaz - Director Mr Ozgur Soydas - Director




Mr Gokhan Koseoglu - Director


DRAGON LONDON LIMITED (REGISTERED NUMBER: 10078272)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Dragon London 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.

Intangible assets
Intangible assets are amortised equally over a deemed useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

DRAGON LONDON LIMITED (REGISTERED NUMBER: 10078272)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024
and 31 December 2024 7,542
AMORTISATION
At 1 January 2024
and 31 December 2024 7,542
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

DRAGON LONDON LIMITED (REGISTERED NUMBER: 10078272)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 27,935 30,819 48,900 9,408 117,062
Additions - 332 59,680 5,187 65,199
At 31 December 2024 27,935 31,151 108,580 14,595 182,261
DEPRECIATION
At 1 January 2024 21,408 24,197 3,626 7,001 56,232
Charge for year 1,305 1,374 16,673 1,047 20,399
At 31 December 2024 22,713 25,571 20,299 8,048 76,631
NET BOOK VALUE
At 31 December 2024 5,222 5,580 88,281 6,547 105,630
At 31 December 2023 6,527 6,622 45,274 2,407 60,830

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 27,935 22,000 49,935
Additions - 18,749 18,749
At 31 December 2024 27,935 40,749 68,684
DEPRECIATION
At 1 January 2024 21,408 1,833 23,241
Charge for year 1,305 4,971 6,276
At 31 December 2024 22,713 6,804 29,517
NET BOOK VALUE
At 31 December 2024 5,222 33,945 39,167
At 31 December 2023 6,527 20,167 26,694

DRAGON LONDON LIMITED (REGISTERED NUMBER: 10078272)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 56,330 79,571
Amounts owed by group undertakings 34,911 34,911
Other debtors 8,335 8,335
Car Lease Deposits 31,687 31,687
Directors' current accounts 18,500 -
Prepayments and accrued income 28,185 34,513
177,948 189,017

Amounts falling due after more than one year:
Other debtors 10,500 10,500

Aggregate amounts 188,448 199,517

7. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Unlisted investments 4,667 4,667

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 10) 50,000 50,000
Hire purchase contracts (see note 11) 10,729 3,896
Trade creditors 490,276 407,476
Taxation and social security 16,731 6,193
Other creditors 67,957 53,000
635,693 520,565

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 10) 62,500 112,500
Hire purchase contracts (see note 11) 22,367 14,295
84,867 126,795

DRAGON LONDON LIMITED (REGISTERED NUMBER: 10078272)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank loans less than 1 yr 50,000 50,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 50,000 50,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,500 62,500

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Gross obligations repayable:
Within one year 13,632 5,333
Between one and five years 28,764 19,564
42,396 24,897

Finance charges repayable:
Within one year 2,903 1,437
Between one and five years 6,397 5,269
9,300 6,706

Net obligations repayable:
Within one year 10,729 3,896
Between one and five years 22,367 14,295
33,096 18,191

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 8,577 14,574
Between one and five years 9,292 17,870
17,869 32,444

DRAGON LONDON LIMITED (REGISTERED NUMBER: 10078272)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


12. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 20,070 11,558

Deferred
tax
£   
Balance at 1 January 2024 11,558
Charge to Profit & Loss Account during year 8,512
Balance at 31 December 2024 20,070

13. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES

The company had outstanding commitments in respect of operating leases as 31 December 2024 of £17,869.