REGISTERED NUMBER: 10536517 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

FOR

GOKYUZU WALTHAMSTOW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr V Yavuz

REGISTERED OFFICE:

26-27 Grand Parade Green Lanes

Harringay

London

N4 1LG

REGISTERED NUMBER:

10536517 (England and Wales)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

London

N21 3NA

FIXED ASSETS

Property, plant and equipment

4

513,698

528,881

CURRENT ASSETS

Inventories

45,792

27,465

Debtors

5

1,540,591

1,471,759

Cash at bank and in hand

130,937

150,780

1,717,320

1,650,004

CREDITORS

Amounts falling due within one year

6

1,443,754

1,383,641

NET CURRENT ASSETS

273,566

266,363

TOTAL ASSETS LESS CURRENT LIABILITIES

787,264

795,244

PROVISIONS FOR LIABILITIES

8

30,069

11,947

NET ASSETS

757,195

783,297

CAPITAL AND RESERVES

Called up share capital

100

1

Retained earnings

757,095

783,296

757,195

783,297

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 director acknowledges his 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 director and authorised for issue on 18 September 2025 and were signed by:

Mr V Yavuz - Director

1.	STATUTORY INFORMATION

Gokyuzu Walthamstow 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 or 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 - 25% on reducing balance

Short leasehold - straight line over the life of the lease

Leasehold improvements - straight line over the life of the lease

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.

Stocks

Inventories 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 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.

Operating leases

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.

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 a period of 18 months whereas the comparatives are for a period of 12 months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 22 (2023 - 37 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Short

Leasehold

Plant and

leasehold

improvements

machinery

Totals

£

£

£

£

COST

At 1 April 2023

23,487

618,700

588,567

1,230,754

Additions

-

-

101,572

101,572

At 30 September 2024

23,487

618,700

690,139

1,332,326

DEPRECIATION

At 1 April 2023

9,395

244,012

448,466

701,873

Charge for period

2,348

61,870

52,537

116,755

At 30 September 2024

11,743

305,882

501,003

818,628

NET BOOK VALUE

At 30 September 2024

11,744

312,818

189,136

513,698

At 31 March 2023

14,092

374,688

140,101

528,881

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

57,161

4,757

Other debtors

1,483,430

1,467,002

1,540,591

1,471,759

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

347,562

112,617

Taxation and social security

160,435

323,549

Other creditors

935,757

947,475

1,443,754

1,383,641

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

130,000

130,000

Between one and five years

520,000

520,000

In more than five years

411,667

541,667

1,061,667

1,191,667

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

30,069

11,947

Deferred

tax

£

Balance at 1 April 2023

11,947

Provided during period

18,122

Balance at 30 September 2024

30,069

9.	RELATED PARTY DISCLOSURES

Included in the other debtors less than one year is an amount of £1,347,185 (2023: £1,337,310) due from the connected companies with common directorship and shareholdings. The loan was interest free and recoverable on demand.

Included in the other creditors less than one year is an amount of £918,218 (2023: £816,322) due to the connected companies with common directorship and shareholdings. Also, included is an amount of £Nil (2023: £1,358) due to the director of the company and an amount of £4,250 (2023: £Nil) due to a shareholder of the company. The loans were interest free and repayable on demand.