IRIS Accounts Production v25.1.0.734 13011977 Board of Directors 1.1.24 31.12.24 31.12.24 16.4.25 false true false false false true false Auditors Opinion Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130119772023-12-31130119772024-12-31130119772024-01-012024-12-31130119772022-12-31130119772023-01-012023-12-31130119772023-12-3113011977ns15:EnglandWales2024-01-012024-12-3113011977ns14:PoundSterling2024-01-012024-12-3113011977ns10:Director12024-01-012024-12-3113011977ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3113011977ns10:SmallEntities2024-01-012024-12-3113011977ns10:Audited2024-01-012024-12-3113011977ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3113011977ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3113011977ns10:FullAccounts2024-01-012024-12-311301197712024-01-012024-12-3113011977ns10:OrdinaryShareClass12024-01-012024-12-3113011977ns10:Director32024-01-012024-12-3113011977ns10:RegisteredOffice2024-01-012024-12-3113011977ns5:CurrentFinancialInstruments2024-12-3113011977ns5:CurrentFinancialInstruments2023-12-3113011977ns5:ShareCapital2024-12-3113011977ns5:ShareCapital2023-12-3113011977ns5:RetainedEarningsAccumulatedLosses2024-12-3113011977ns5:RetainedEarningsAccumulatedLosses2023-12-3113011977ns5:NetGoodwill2024-01-012024-12-3113011977ns5:NetGoodwill2023-12-3113011977ns5:NetGoodwill2024-12-3113011977ns5:NetGoodwill2023-12-3113011977ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3113011977ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3113011977ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 13011977 (England and Wales)















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: Mr Salih Baz
Ms Lorraine Margaret Aitchison



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



REGISTERED NUMBER: 13011977 (England and Wales)



AUDITORS: BLS Burnells LLP
The Atrium
1 Harefield Road
Uxbridge
Middlesex
UB8 1EX



ACCOUNTANTS: ADPL LLP
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 25,800 34,400

CURRENT ASSETS
Debtors 5 11,890 25,197
Cash at bank and in hand 1,017 1
12,907 25,198
CREDITORS
Amounts falling due within one year 6 180,548 203,926
NET CURRENT LIABILITIES (167,641 ) (178,728 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(141,841

)

(144,328

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (141,842 ) (144,329 )
SHAREHOLDERS' FUNDS (141,841 ) (144,328 )

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 Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





Mr Salih Baz - Director


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 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.

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 43,000
AMORTISATION
At 1 January 2024 8,600
Charge for year 8,600
At 31 December 2024 17,200
NET BOOK VALUE
At 31 December 2024 25,800
At 31 December 2023 34,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 7,950 22,500
Other debtors 3,940 2,697
11,890 25,197

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 - 1,924
Trade creditors 11,796 40,348
Amounts owed to group undertakings 143,410 141,880
Social security and other taxes 2,997 4,746
Pension 1,002 1,159
Net wages 11,600 8,934
Accruals and deferred income 9,743 4,935
180,548 203,926

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: £    £   
1 Ordinary shares £1 1 1

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Vishal Bhatt (Senior Statutory Auditor)
for and on behalf of BLS Burnells LLP

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.