Aktepe Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Aktepe Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC404555 . The registered office is Bronte Cottage, Inverugie, Peterhead, AB42 3DN.

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

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, excluding discounts, rebates, value added tax and

other sales tax.

Sale of goods

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer including delivery charges.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Website development costs are capitalised are included in Other Intangible Fixed Assets. Website development costs are measured at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation is provided to write off the cost of the underlying asset over it's expected useful life of 5 years.

2.4. 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	33% on cost
Motor Vehicles	25% reducing balance
Fixtures & Fittings	33% on cost
Computer Equipment	33% on cost

The assets residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

The gain or loss arising on the disposal of an asset is determined as the difference between the proceeds and the carrying value of the asset and is included in the profit and loss account.

A change in accounting estimate has been processed in the year to change the depreciation policy on motor vehicles from 33% cost to 25% reducing balance. This change has been processed to align the writing down of carrying value with the expected economic life of the underlying assets. The change of accounting estimate has been enacted from the start of current accounting period and has not been applied retrospectively.

As a result of the change in accounting estimate, the overall depreciation charge in Profit and Loss and associated reduction in Tangible Fixed Asset carrying has been reduced by £986 compared to if the previous policy had been applied.

In future periods, the depreciation charge will also be reduced year-on-year however the discrepancy between new and old treatment will reduce due to the reducing balance nature of the newly selected policy.

Page 3

Page 4

Aktepe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. 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.

2.7. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price

including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. 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

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.

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.

Page 4

Page 5

Aktepe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Website
	£
Cost
As at 1 April 2024	-
Additions	29,805

As at 31 March 2025	29,805

Amortisation
As at 1 April 2024	-
Provided during the period	3,974

As at 31 March 2025	3,974

Net Book Value
As at 31 March 2025	25,831

As at 1 April 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	1,831	42,090	10,457	18,468	72,846
Additions	-	61,973	1,298	179	63,450
Disposals	-	-	(921 )	(14,476 )	(15,397 )

As at 31 March 2025	1,831	104,063	10,834	4,171	120,899

Depreciation
As at 1 April 2024	1,831	34,935	9,514	17,337	63,617
Provided during the period	-	3,080	814	681	4,575
Disposals	-	-	(921 )	(14,476 )	(15,397 )

As at 31 March 2025	1,831	38,015	9,407	3,542	52,795

Net Book Value
As at 31 March 2025	-	66,048	1,427	629	68,104

As at 1 April 2024	-	7,155	943	1,131	9,229

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	60,682	-

Page 5

Page 6

Aktepe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Stock	280,601	280,206

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,165	2,363
Prepayments and accrued income	5,043	3,659
Corporation tax recoverable assets	288	288
VAT	-	840

	6,496	7,150

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,389	-
Trade creditors	5,381	6,870
Bank loans and overdrafts	11,932	11,733
Other loans	35,766	-
VAT	1,775	-
Other creditors	1,471	1,964
Directors' loan accounts	100,802	110,672

	164,516	131,239

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	45,358	-
Bank loans	8,310	20,280

	53,668	20,280

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	7,389	-
Later than one year and not later than five years	45,358	-

	52,747	-

	52,747	-

Page 6

Page 7

Aktepe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Directors Advances, Credits and Guarantees

Included within creditors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Ian Hepworth	-	-	(417 )	-	(417 )
Mrs Louise Hepworth	(110,672 )	16,800	(6,512 )	-	(100,384 )

The above loan is interest free and has no fixed repayment terms.

12. Related Party Transactions

During the year, the company received loan advances of £35,766 (2024: £nil) from a family member of a director. As at the year end, a balance of £35,766 (2024: £nil) was owed by the company in respect of this loan.

The loan is interest free and has no set repayment terms.

Page 7

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		25,831		-
Tangible Assets	5		68,104		9,229

			93,935		9,229
CURRENT ASSETS
Stocks	6	280,601		280,206
Debtors	7	6,496		7,150
Cash at bank and in hand		91,501		30,025

		378,598		317,381
Creditors: Amounts Falling Due Within One Year	8	(164,516 )		(131,239 )

NET CURRENT ASSETS (LIABILITIES)			214,082		186,142

TOTAL ASSETS LESS CURRENT LIABILITIES			308,017		195,371

Creditors: Amounts Falling Due After More Than One Year	9		(53,668 )		(20,280 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,026 )		(2,307 )

NET ASSETS			237,323		172,784

CAPITAL AND RESERVES
Called up share capital			1		1
Profit and Loss Account			237,322		172,783

SHAREHOLDERS' FUNDS			237,323		172,784