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REGISTERED NUMBER: 12412268 (England and Wales)















Financial Statements

for the Period 1 February 2024 to 31 December 2024

for

Ozan Food & Wine Ltd

Ozan Food & Wine Ltd (Registered number: 12412268)






Contents of the Financial Statements
for the Period 1 February 2024 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ozan Food & Wine Ltd

Company Information
for the Period 1 February 2024 to 31 December 2024







DIRECTOR: O Binboga





REGISTERED OFFICE: 36 Birchmore Walk
London
N5 2TJ





REGISTERED NUMBER: 12412268 (England and Wales)





ACCOUNTANTS: Musalar & Co Accountants
International Accountant &Tax Consultant
FAIA, FFA, FIPA,,FFTA
536 Lordship Lane
London
N22 5BY

Ozan Food & Wine Ltd (Registered number: 12412268)

Balance Sheet
31 December 2024

31.12.24 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Stocks 5 50,500 30,250
Debtors 6 - 3,860
Cash at bank and in hand 8,931 12,748
59,431 46,858
CREDITORS
Amounts falling due within one year 7 19,496 10,579
NET CURRENT ASSETS 39,935 36,279
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,936

36,280

CREDITORS
Amounts falling due after more than one
year

8

5,000

9,500
NET ASSETS 34,936 26,780

CAPITAL AND RESERVES
Called up share capital 10 25,000 25,000
Retained earnings 11 9,936 1,780
SHAREHOLDERS' FUNDS 34,936 26,780

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

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

The director acknowledges his 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.

Ozan Food & Wine Ltd (Registered number: 12412268)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2025 and were signed by:





O Binboga - Director


Ozan Food & Wine Ltd (Registered number: 12412268)

Notes to the Financial Statements
for the Period 1 February 2024 to 31 December 2024

1. STATUTORY INFORMATION

Ozan Food & Wine Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Ozan Food & Wine Ltd (Registered number: 12412268)

Notes to the Financial Statements - continued
for the Period 1 February 2024 to 31 December 2024

2. ACCOUNTING POLICIES - continued

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 period was 4 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2024
and 31 December 2024 614
DEPRECIATION
At 1 February 2024
and 31 December 2024 613
NET BOOK VALUE
At 31 December 2024 1
At 31 January 2024 1

5. STOCKS
31.12.24 31.1.24
£    £   
Stocks 50,500 30,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.1.24
£    £   
VAT - 3,860

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.1.24
£    £   
Trade creditors 16,100 10,162
Tax 1,913 417
VAT 1,483 -
19,496 10,579

Ozan Food & Wine Ltd (Registered number: 12412268)

Notes to the Financial Statements - continued
for the Period 1 February 2024 to 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.1.24
£    £   
Bank loans (see note 9) 5,000 9,500

9. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.1.24
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 5,000 9,500

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.1.24
value: £    £   
25,000 Ordinary Shares Class A 1.00 25,000 25,000

11. RESERVES
Retained
earnings
£   

At 1 February 2024 1,780
Profit for the period 8,156
At 31 December 2024 9,936