REGISTERED NUMBER: 08081509

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

FOR

GOKYUZU LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr V Yavuz

Mr E Yavuz

REGISTERED OFFICE:

26-27 Grand Parade

Green Lanes Harringay

London

N4 1LG

REGISTERED NUMBER:

08081509

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

London

N21 3NA

FIXED ASSETS

Property, plant and equipment

4

734,808

269,260

Investments

5

100

100

Investment property

6

2,004,541

2,004,541

2,739,449

2,273,901

CURRENT ASSETS

Inventories

37,240

28,757

Debtors

7

927,049

869,114

Cash at bank and in hand

82,101

448,447

1,046,390

1,346,318

CREDITORS

Amounts falling due within one year

8

697,955

764,515

NET CURRENT ASSETS

348,435

581,803

TOTAL ASSETS LESS CURRENT LIABILITIES

3,087,884

2,855,704

CREDITORS

Amounts falling due after more than one year

9

(732,521

)

(822,292

)

PROVISIONS FOR LIABILITIES

11

(54,278

)

(18,395

)

NET ASSETS

2,301,085

2,015,017

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,300,985

2,014,917

2,301,085

2,015,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

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 Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

Mr V Yavuz - Director

1.	STATUTORY INFORMATION

Gokyuzu Limited is a private company, limited by shares , registered in Not specified/Other. 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

Preparation of consolidated financial statements

The financial statements contain information about Gokyuzu Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved in the preparation of the financial statements.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, re-bates, value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue is recognised when services are rendered to the customers.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 20% on reducing balance

Improvement to Property - 2% on cost

Fixtures and fittings - 20% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

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 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 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.

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.

Cash and cash equivalent

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Change in comparatives

The accounts have been prepared for 18 months where as the comparatives are for a period of 12 months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 44 (2023 - 47 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvement

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2023

224,677

300,431

104,231

629,339

Additions

328,755

144,145

18,960

491,860

At 30 September 2024

553,432

444,576

123,191

1,121,199

DEPRECIATION

At 1 April 2023

28,995

242,634

88,450

360,079

Charge for period

6,740

15,088

4,484

26,312

At 30 September 2024

35,735

257,722

92,934

386,391

NET BOOK VALUE

At 30 September 2024

517,697

186,854

30,257

734,808

At 31 March 2023

195,682

57,797

15,781

269,260

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2023

and 30 September 2024

100

NET BOOK VALUE

At 30 September 2024

100

At 31 March 2023

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2023

and 30 September 2024

2,004,541

NET BOOK VALUE

At 30 September 2024

2,004,541

At 31 March 2023

2,004,541

Investment properties have been recorded at the following historical cost:

2024

2023

£

£

Cost

2,004,541

2,004,541

The directors consider the market value of the investment properties at the year end to be as stated in the accounts.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

29,889

10,927

Amounts owed by group undertakings

4,342

4,342

Other debtors

892,818

853,845

927,049

869,114

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

85,708

79,360

Trade creditors

187,036

71,911

Taxation and social security

368,140

602,068

Other creditors

57,071

11,176

697,955

764,515

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

732,521

822,292

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

389,691

224,148

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

818,229

901,652

Bank loan is secured by way of fixed and floating charge on the property and other assets of the company and contains a negative pledge.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

54,278

18,395

Deferred

tax

£

Balance at 1 April 2023

18,395

Provided during period

35,883

Balance at 30 September 2024

54,278

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in the other debtors due within a year is an amount of £824,771 (2023: £820,664) due from the connected companies with common directorship and shareholding. The loans were interest free and recoverable on demand.

Also, included in other creditors due within a year is an amount of £Nil (2023: £696) due to the directors of the company. The loan was interest free and repayable on demand.