REGISTERED NUMBER: 07305711 (England and Wales)

Ozmen Limited

Trading as

Ozmen Extra

Strategic Report,

Report of the Directors and

Audited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Statement of Financial Position

12

Statement of Changes in Equity

13

Statement of Cash Flows

14

Notes to the Statement of Cash Flows

15

Notes to the Financial Statements

17

DIRECTORS:

Mr H Ozmen

Mrs A Ozmen

REGISTERED OFFICE:

55-57 John Street

Sheffield

S2 4QT

REGISTERED NUMBER:

07305711 (England and Wales)

AUDITORS:

Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

The company experienced a significant increase in turnover during the current financial year, primarily driven by the successful launch of a second supermarket located in Firth Park, Sheffield. This strategic expansion has substantially contributed to overall revenue growth. Gross profit margin showed a modest improvement compared to the previous year, reflecting enhanced operational efficiency and product mix. However, net profit declined, mainly due to the ongoing operational and setup costs associated with the newly opened store. Over the past decade, the company has demonstrated consistent and steady growth. The directors remain confident that this upward trajectory will continue in the foreseeable future, supported by the presence of two fully operational retail locations. To sustain this momentum, several measures have been implemented aimed at further improving gross margins and enhancing profitability. Central to the company's strategy is a commitment to customer satisfaction-ensuring exceptional service and maintaining a high standard of supermarket offerings.

PRINCIPAL RISKS AND UNCERTAINTIES

The main risks and uncertainty of Ozmen Ltd are their ability to maintain their reputation and customers. They work very hard to prevent any damage to their reputation and a loss of their customers. Supermarket items and excellent customer satisfaction are key to maintaining their existing customer base and attracting new customers. To manage these risks, the company ensures that products are sourced from reliable suppliers and backed by visible quality control. Regular training is essential, especially in customer service and hygiene standards.

KEY PERFORMANCE INDICATORS

The main performance indicators are the sales and the profit margins. All other costs apart from cost of sales are fairly fixed. The directors monitor these on a monthly basis to ensure that all cost are kept within expectation. Exceptions are picked up in time and addressed to ensure that overheads are within limits as their effect on the ability to remain in operational existence and profitability is very critical.

The Key Performance Indicators over the last two years are as follows:

2025

2024

£

£

Turnover

13,403

11,655

Gross Profit

3,769

3,176

Net Profit before tax

366

426

The directors believe that other variables of performance indicators are marginal and are not the best indicators of the overall performance, development and position of the company.

COMPANY POLICY ON PAYMENT OF CREDITORS

The policy of the company is to agree terms of payment prior to commencing trade with a supplier and to abide by those terms on a timely submission of invoices.

POLICY ON EMPLOYEES

The company is committed to achieving a working environment which provides equality of opportunity and freedom from unlawful discrimination on the basis of gender, sexual orientation, marital or civil partner status, gender reassignment, race, religion or belief, colour, nationality, ethnic or national origin, disability or age, pregnancy or maternity, trade union membership or the fact that they are part-time workers. The company's Equality and Diversity policy aims to remove unfair and discriminatory practices within the company and to encourage full contribution from its diverse community. The company is committed to actively opposing all forms of discrimination. The company also aims to provide a service that does not discriminate against its clients in the means by which they can access the services supplied by the company. The company believes that the directors, employees and customers are entitled to be treated with respect and dignity.The company's employment policy is to provide equal opportunity to all current and prospective employees without any discrimination. They endeavour to provide a work environment in which all individuals are treated with respect and dignity.

SOCIAL, ENVIRONMENT AND ETHICAL MATTERS

The company believes that by operating in an ethical and social aware manner they will help preserve the environment; that being an integral part of efficient and profitable business management. The directors recognise that success in these areas depends on the involvement and commitment of everyone in the organisation.

FUTURE DEVELOPMENT

The directors expect a growth in sales in the future as the company continues to maintain its brand reputation and increasing its customer base.

ON BEHALF OF THE BOARD:

Mrs A Ozmen - Director

18 September 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a supermarket.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Mr H Ozmen

Mrs A Ozmen

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Alton & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs A Ozmen - Director

18 September 2025

Opinion

We have audited the financial statements of Ozmen Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework that are applicable to the company and determined that the most significant are the food standards regulation, money laundering and anti bribery regulations. We understand how the company is complying with those regulations by making enquiries of management and key personel; we also reviewed correspondence files. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements using our general commercial and sector experience, through discussion with the directors and other management (as required by auditing standards) and from inspection of the company's regulatory and legal correspondence. We discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations. We communicated those identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Through these procedures, we did not become aware of actual or suspected non-compliance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Altan Kemal FCA FCCA (Senior Statutory Auditor)

for and on behalf of Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

18 September 2025

REVENUE

13,403,858

11,655,510

Cost of sales

9,633,927

8,479,146

GROSS PROFIT

3,769,931

3,176,364

Administrative expenses

3,249,240

2,667,280

520,691

509,084

Other operating income

6,339

4,870

OPERATING PROFIT

4

527,030

513,954

Interest payable and similar expenses

5

160,924

87,596

PROFIT BEFORE TAXATION

366,106

426,358

Tax on profit

6

99,847

120,431

PROFIT FOR THE FINANCIAL YEAR

266,259

305,927

PROFIT FOR THE YEAR

266,259

305,927

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

266,259

305,927

FIXED ASSETS

Intangible assets

8

7,092

3,757

Property, plant and equipment

9

478,307

334,093

485,399

337,850

CURRENT ASSETS

Inventories

10

3,791,556

2,836,745

Debtors

11

1,907,036

1,345,407

Cash at bank and in hand

635,933

405,452

6,334,525

4,587,604

CREDITORS

Amounts falling due within one year

12

3,916,806

2,597,918

NET CURRENT ASSETS

2,417,719

1,989,686

TOTAL ASSETS LESS CURRENT LIABILITIES

2,903,118

2,327,536

CREDITORS

Amounts falling due after more than one year

13

(1,025,501

)

(743,036

)

PROVISIONS FOR LIABILITIES

17

(64,300

)

(37,442

)

NET ASSETS

1,813,317

1,547,058

CAPITAL AND RESERVES

Called up share capital

18

100

100

Retained earnings

19

1,813,217

1,546,958

SHAREHOLDERS' FUNDS

1,813,317

1,547,058

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

Mrs A Ozmen - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

100

1,311,031

1,311,131

Changes in equity

Dividends

-

(70,000

)

(70,000

)

Total comprehensive income

-

305,927

305,927

Balance at 31 March 2024

100

1,546,958

1,547,058

Changes in equity

Total comprehensive income

-

266,259

266,259

Balance at 31 March 2025

100

1,813,217

1,813,317

Cash flows from operating activities

Cash generated from operations

1

75,618

85,663

Interest paid

(160,024

)

(80,596

)

Finance costs paid

(900

)

(7,000

)

Tax paid

(12,538

)

(40,466

)

Net cash from operating activities

(97,844

)

(42,399

)

Cash flows from investing activities

Purchase of intangible fixed assets

(3,873

)

-

Purchase of tangible fixed assets

(243,528

)

(274,721

)

Net cash from investing activities

(247,401

)

(274,721

)

Cash flows from financing activities

New loans in year

500,000

700,000

Loan repayments in year

(149,880

)

(102,957

)

Amount introduced by directors

-

93,287

Amount withdrawn by directors

1,624

(93,052

)

Equity dividends paid

-

(70,000

)

Net cash from financing activities

351,744

527,278

Increase in cash and cash equivalents

6,499

210,158

Cash and cash equivalents at beginning of year

2

106,234

(103,924

)

Cash and cash equivalents at end of year

2

112,733

106,234

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

366,106

426,358

Depreciation charges

99,854

62,256

Loss on disposal of fixed assets

-

5,215

Finance costs

160,924

87,596

626,884

581,425

Increase in inventories

(954,811

)

(1,078,674

)

Increase in trade and other debtors

(561,629

)

(396,885

)

Increase in trade and other creditors

965,174

979,797

Cash generated from operations

75,618

85,663

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 March 2025

31/3/25

1/4/24

£

£

Cash and cash equivalents

635,933

405,452

Bank overdrafts

(523,200

)

(299,218

)

112,733

106,234

Year ended 31 March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

405,452

310,402

Bank overdrafts

(299,218

)

(414,326

)

106,234

(103,924

)

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank and in hand

405,452

230,481

635,933

Bank overdrafts

(299,218

)

(223,982

)

(523,200

)

106,234

6,499

112,733

Debt

Debts falling due within 1 year

(128,798

)

(67,657

)

(196,455

)

Debts falling due after 1 year

(743,036

)

(282,465

)

(1,025,501

)

(871,834

)

(350,122

)

(1,221,956

)

Total

(765,600

)

(343,623

)

(1,109,223

)

1.	STATUTORY INFORMATION

Ozmen Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. There were no major items in the financial statements where these judgements and estimates have been made.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognised when customers take delivery of the goods.

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.

Trade mark registration costs

Trade mark costs are amortised over its 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.

Short leasehold

-

straight line over the life of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

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

Cost of stocks is valued using the first in first out stock valuation method. Net realisable value is the estimated selling price less cost to sell.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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

2025

2024

£

£

Wages and salaries

1,888,550

1,525,238

Social security costs

168,344

138,410

Other pension costs

28,375

21,009

2,085,269

1,684,657

The average number of employees during the year was as follows:

2025

2024

Director

2

2

Accounts,management and operations

79

54

81

56

2025

2024

£

£

Directors' remuneration

373,371

372,343

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

186,686

186,172

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Hire of plant and machinery

92,786

38,724

Other operating leases

258,439

149,300

Depreciation - owned assets

99,314

61,730

Loss on disposal of fixed assets

-

5,215

Patents and licences amortisation

538

526

Auditors' remuneration

6,000

-

Taxation advisory services

1,000

-

Other non- audit services

13,319

-

Foreign exchange differences

254

-

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

34,788

29,690

Loan interest

75,733

31,660

Interest and penalties

49,503

19,246

Finance charges

900

7,000

160,924

87,596

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

72,989

93,686

Corp tax prior year adjustment

-

12,654

Total current tax

72,989

106,340

Deferred tax

26,858

14,091

Tax on profit

99,847

120,431

7.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

-

70,000