M Dogan Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10373941

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		38,750		44,085

			38,750		44,085
CURRENT ASSETS
Stocks	5	7,313		6,250
Debtors	6	60,861		73,267
Cash at bank and in hand		21,760		24,742

		89,934		104,259
Creditors: Amounts Falling Due Within One Year	7	(72,014 )		(66,562 )

NET CURRENT ASSETS (LIABILITIES)			17,920		37,697

TOTAL ASSETS LESS CURRENT LIABILITIES			56,670		81,782

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,482 )		(9,102 )

NET ASSETS			54,188		72,680

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			54,187		72,679

SHAREHOLDERS' FUNDS			54,188		72,680

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M Dogan Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nihat Dogantekin

Director

18 June 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

M Dogan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10373941 . The registered office is 40 Park Road, Dawlish, Devon, EX7 9LJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	20% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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M Dogan Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 8)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 October 2023	69,436	11,490	4,176	4,318	89,420
Additions	3,522	-	-	1,207	4,729

As at 30 September 2024	72,958	11,490	4,176	5,525	94,149

Depreciation
As at 1 October 2023	36,929	5,478	2,038	890	45,335
Provided during the period	7,203	1,504	428	929	10,064

As at 30 September 2024	44,132	6,982	2,466	1,819	55,399

Net Book Value
As at 30 September 2024	28,826	4,508	1,710	3,706	38,750

As at 1 October 2023	32,507	6,012	2,138	3,428	44,085

5. Stocks

	2024	2023
	£	£
Materials	7,313	6,250

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	45,878	45,219
Corporation tax recoverable assets	-	9,530
Director's loan account	14,983	18,518

	60,861	73,267

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M Dogan Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	7,419	4,568
Corporation tax	32,959	32,228
Other taxes and social security	1,292	-
VAT	27,782	24,937
Net wages	2,209	3,216
Accruals and deferred income	353	1,613

	72,014	66,562

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 October 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 30 September 2024
	£	£	£	£	£
Mr Nihat Dogantekin	18,518	97,855	(101,390 )	-	14,983

The above loan is unsecured, interest free and repayable on demand.

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