Company Registration No. 10871417 (England and Wales)
SEKEROGLU LIMITED
Unaudited accounts
for the year ended 31 July 2024
SEKEROGLU LIMITED
Unaudited accounts
Contents
SEKEROGLU LIMITED
Company Information
for the year ended 31 July 2024
Directors
Hasan Seker
Berdar Seker
Company Number
10871417 (England and Wales)
Registered Office
40 WILLOUGHBY ROAD
LONDON
N8 0JG
UNITED KINGDOM
SEKEROGLU LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
171,082
173,070
Cash at bank and in hand
22,834
7,512
Creditors: amounts falling due within one year
(127,879)
(98,057)
Net current liabilities
(61,815)
(53,903)
Total assets less current liabilities
109,267
119,167
Creditors: amounts falling due after more than one year
(98,873)
(107,111)
Called up share capital
100
100
Profit and loss account
10,294
11,956
Shareholders' funds
10,394
12,056
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by
Hasan Seker
Director
Company Registration No. 10871417
SEKEROGLU LIMITED
Notes to the Accounts
for the year ended 31 July 2024
SEKEROGLU LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10871417. The registered office is 40 WILLOUGHBY ROAD, LONDON, N8 0JG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance.
Motor vehicles
25% reducing balance.
Fixtures & fittings
15% reducing balance.
Computer equipment
25% reducing balance.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
SEKEROGLU LIMITED
Notes to the Accounts
for the year ended 31 July 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 August 2023
162,629
10,400
1,450
15,979
550
191,008
At 31 July 2024
162,629
10,400
1,450
15,979
550
191,008
At 1 August 2023
-
7,452
525
9,762
199
17,938
Charge for the year
-
737
231
933
87
1,988
At 31 July 2024
-
8,189
756
10,695
286
19,926
At 31 July 2024
162,629
2,211
694
5,284
264
171,082
At 31 July 2023
162,629
2,948
925
6,217
351
173,070
Amounts falling due within one year
Accrued income and prepayments
499
499
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,763
8,763
Taxes and social security
12,474
3,594
Loans from directors
81,142
74,200
7
Creditors: amounts falling due after more than one year
2024
2023
SEKEROGLU LIMITED
Notes to the Accounts
for the year ended 31 July 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 8 (2023: 7).