REGISTERED NUMBER: 10694567 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

FOR

GOKYUZU FINCHLEY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr H Yavuz

REGISTERED OFFICE:

1 Leisure Way

Finchley

London

N12 0QZ

REGISTERED NUMBER:

10694567 (England and Wales)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

London

N21 3NA

FIXED ASSETS

Property, plant and equipment

4

498,833

80,356

CURRENT ASSETS

Inventories

83,220

30,278

Debtors

5

6,525,734

3,976,251

Cash at bank and in hand

1,308,136

2,429,322

7,917,090

6,435,851

CREDITORS

Amounts falling due within one year

6

5,883,581

775,888

NET CURRENT ASSETS

2,033,509

5,659,963

TOTAL ASSETS LESS CURRENT LIABILITIES

2,532,342

5,740,319

PROVISIONS FOR LIABILITIES

7

86,769

18,926

NET ASSETS

2,445,573

5,721,393

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,445,473

5,721,293

2,445,573

5,721,393

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 29 August 2025 and were signed by:

Mr H Yavuz - Director

1.	STATUTORY INFORMATION

Gokyuzu Finchley 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 no 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 - 20% on reducing balance

Fixtures and fittings - 20% on reducing balance

Computer equipment - 20% on reducing balance

Motor vehicle - 20% on reducing balance

Inventories

Inventories 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 inventory sold is recognised as an expense in the period in which the related revenue is recognised.

Financial instruments

The company has provided a cross guarantee to a connected company by virtue of a fixed and floating charge over the assets of the business.

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 material 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.

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.

Cash and cash equivalents

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 44 (2023 - 42 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1 April 2023

-

96,776

163,902

Additions

148,287

285,830

7,828

At 30 September 2024

148,287

382,606

171,730

DEPRECIATION

At 1 April 2023

-

67,793

119,986

Charge for period

-

8,695

13,175

At 30 September 2024

-

76,488

133,161

NET BOOK VALUE

At 30 September 2024

148,287

306,118

38,569

At 31 March 2023

-

28,983

43,916

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2023

23,139

2,961

286,778

Additions

-

639

442,584

At 30 September 2024

23,139

3,600

729,362

DEPRECIATION

At 1 April 2023

16,550

2,093

206,422

Charge for period

1,977

260

24,107

At 30 September 2024

18,527

2,353

230,529

NET BOOK VALUE

At 30 September 2024

4,612

1,247

498,833

At 31 March 2023

6,589

868

80,356

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

39,215

53,448

Amounts owed by group undertakings

4,505,426

3,850,513

Other debtors

1,981,093

72,290

6,525,734

3,976,251

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

144,653

111,539

Amounts owed to group undertakings

5,182,120

189,974

Taxation and social security

521,232

468,028

Other creditors

35,576

6,347

5,883,581

775,888

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

86,769

18,926

Deferred

tax

£

Balance at 1 April 2023

18,926

Provided during period

67,843

Balance at 30 September 2024

86,769

8.	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 other debtors less than one year is an amount of £1,420,833 (2023: £213 due to) due from the director of the company .Interest at the rate of 2.25% has been charged on the overdrawn balance.

Included in other debtors less than one year is an amount of £1,500 (2023: £1,500) due from a connected company with common control. The amount remains interest-free and recoverable on demand.