REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2024 |
for |
EKOL INTERNATIONAL LIMITED |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2024 |
for |
EKOL INTERNATIONAL LIMITED |
EKOL INTERNATIONAL LIMITED (REGISTERED NUMBER: 13011977) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
EKOL INTERNATIONAL LIMITED |
Company Information |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
The Atrium |
1 Harefield Road |
Uxbridge |
Middlesex |
UB8 1EX |
ACCOUNTANTS: |
Chartered Certified Accountants |
293 Green Lanes |
Palmers Green |
London |
N13 4XS |
EKOL INTERNATIONAL LIMITED (REGISTERED NUMBER: 13011977) |
Balance Sheet |
31 DECEMBER 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The financial statements were approved by the Board of Directors and authorised for issue on |
EKOL INTERNATIONAL LIMITED (REGISTERED NUMBER: 13011977) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
1. | STATUTORY INFORMATION |
Ekol International Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Material estimate in the current financial year is the amortisation of goodwill which is over 5 years purely due to the fact that the acquisition of customer details contact information and other data will not have a life span of 10 years but between 3 to 5 years where the circumstances of these contacts changes and hence the goodwill is amortise over the period of 5 years for true and fair view. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of seller's customers list contact details and its data in 2023, which was initially recognised and measured at cost. After initial recognition, goodwill was measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill is being amortised evenly over its estimated useful life of five years which the directors believe is reasonable to give a true and fair view. |
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. |
EKOL INTERNATIONAL LIMITED (REGISTERED NUMBER: 13011977) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The company has prepared the financial statements on going concern basis due to facts laid below. |
Ekol Baz Ozel Saglik Hizm. Tic A.S. (EKOL) is the parent company of the Ekol International Ltd and core business of parent company is Special Hospital Services in Turkey and Ekol Hospitals is targeted to foreign countries patient's to increase their export revenue (to benefit currency effect in Turkey). |
EKOL searches and analyses markets in EU and opted UK as a core market in EU because of deteroriating health care system in UK. There are long waiting period for treatments in UK, expensive surgery cost, doctor insurance system not effective. There is huge demand in UK population to pay for higher quality private health care in Turkey because of high income level and also favourable exchange rates. EKOL completed establishment in that country and continue to invest according our strategy. |
Finally, financial support has been guaranteed by the parent company and also confirmed that the parent company would not request for repayment of the working capital loan provided unless the company has sufficient cash reserve |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 January 2024 |
and 31 December 2024 |
AMORTISATION |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Trade debtors |
Other debtors |
EKOL INTERNATIONAL LIMITED (REGISTERED NUMBER: 13011977) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
Pension | 1,002 | 1,159 |
Net wages | 11,600 | 8,934 |
Accruals and deferred income |
7. | LEASING AGREEMENTS |
31.12.24 | 31.12.23 |
£ | £ |
Less than 1 year | 14,400 | 14,400 |
Greater than 1 year less than 5 years | 43,200 | 57,600 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
value: | £ | £ |
Ordinary shares | £1 | 1 | 1 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | RELATED PARTY DISCLOSURES |
Included in amounts owed to group undertakings is balance of £143,410 (2023 - £141,880) owed to parent company, Ekol Baz Ozel Saglik Hizmetleri A.S. This loan is provided interest free by the parent company. |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is the parent company Ekol Baz Ozel Saglik Hizmetleri A.S. |