Registered number
14904861
ABALIFISH UK LTD
Filleted Accounts
31 December 2024
ABALIFISH UK LTD
Registered number: 14904861
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 193,489 469,961
Cash at bank and in hand 160,727 214,450
354,216 684,411
Creditors: amounts falling due within one year 4 (350,825) (682,899)
Net current assets 3,391 1,512
Net assets 3,391 1,512
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 2,391 512
Shareholders' funds 3,391 1,512
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ilker GOKCE
Director
Approved by the board on 19 June 2025
ABALIFISH UK LTD
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors 190,946 383,178
Other debtors 2,543 86,783
193,489 469,961
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 331,951 670,891
Loan from Abalioglu Balik ve Gida Urunleri A.S. 18,758 9,645
Taxation and social security costs 116 (137)
Other creditors - 2,500
350,825 682,899
5 Related party transactions 2024 2023
The following amounts were outstanding at the reporting date: £ £
Abalioglu Balik Ve Gida Urunleri A.S. 18,758 9,645
6 Controlling party
Abalioglu Balik Ve Gida Urunleri A.S. owns 100% ordinary shares of the company.
Register office: Yenisehir mahallesi, 104. sokak, No: 5, Merkezefendi/ Denizli/ Turkey 20040.
7 Other information
ABALIFISH UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
106 Great Portland Street
(2nd Floor)
London
England
W1W 6PF
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