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REGISTERED NUMBER: 15011027 (England and Wales)

















ORTAKSLAR LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 18 JULY 2023 TO 31 JULY 2024






ORTAKSLAR LTD (REGISTERED NUMBER: 15011027)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 JULY 2023 TO 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORTAKSLAR LTD

COMPANY INFORMATION
FOR THE PERIOD 18 JULY 2023 TO 31 JULY 2024







DIRECTORS: Mr A Algun
Mr Y K Karayalan





REGISTERED OFFICE: 71 Knowl Piece
Wilbury Way
Hitchin
SG4 0TY





REGISTERED NUMBER: 15011027 (England and Wales)





ACCOUNTANTS: Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

ORTAKSLAR LTD (REGISTERED NUMBER: 15011027)

BALANCE SHEET
31 JULY 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 17,550
Tangible assets 5 226,533
244,083

CURRENT ASSETS
Stocks 5,000
Debtors 6 9,601
Cash at bank 5,492
20,093
CREDITORS
Amounts falling due within one year 7 113,191
NET CURRENT LIABILITIES (93,098 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,985

CREDITORS
Amounts falling due after more than one
year

8

148,500
NET ASSETS 2,485

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 2,385
2,485

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

ORTAKSLAR LTD (REGISTERED NUMBER: 15011027)

BALANCE SHEET - continued
31 JULY 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 and Loss Account has not been delivered.

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




Mr A Algun - Director



Mr Y K Karayalan - Director


ORTAKSLAR LTD (REGISTERED NUMBER: 15011027)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 JULY 2023 TO 31 JULY 2024

1. STATUTORY INFORMATION

Ortakslar 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.

Going concern
As at the balance sheet date, the directors have a reasonable expectation that the company with their support has adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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 initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on cost

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

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


ORTAKSLAR LTD (REGISTERED NUMBER: 15011027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 JULY 2023 TO 31 JULY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and 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 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.

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 10 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 19,500
At 31 July 2024 19,500
AMORTISATION
Charge for period 1,950
At 31 July 2024 1,950
NET BOOK VALUE
At 31 July 2024 17,550

ORTAKSLAR LTD (REGISTERED NUMBER: 15011027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 JULY 2023 TO 31 JULY 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 249,532
At 31 July 2024 249,532
DEPRECIATION
Charge for period 22,999
At 31 July 2024 22,999
NET BOOK VALUE
At 31 July 2024 226,533

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 9,601

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 33,000
Trade creditors 22,786
Taxation and social security 16,744
Other creditors 40,661
113,191

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 148,500

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 50,000
Between one and five years 200,000
In more than five years 220,834
470,834

ORTAKSLAR LTD (REGISTERED NUMBER: 15011027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 JULY 2023 TO 31 JULY 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 July 2024:

£   
Mr A Algun
Balance outstanding at start of period -
Amounts advanced 70,160
Amounts repaid (87,886 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (17,726 )

Mr Y K Karayalan
Balance outstanding at start of period -
Amounts advanced 35,802
Amounts repaid (44,931 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (9,129 )