Istanbul Jet Fuel Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13695517 (England and Wales)

Istanbul Jet Fuel Services Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr I M Unsal

Mr S Ozyildirim

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

13695517 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Istanbul Jet Fuel Services Limited for the year ended 31 December 2024 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Istanbul Jet Fuel Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Istanbul Jet Fuel Services Limited and state those matters that we have agreed to state to the Board of Directors of Istanbul Jet Fuel Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Istanbul Jet Fuel Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Istanbul Jet Fuel Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Istanbul Jet Fuel Services Limited. You consider that Istanbul Jet Fuel Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Istanbul Jet Fuel Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

29 September 2025

FIXED ASSETS

Investments

4

50

CURRENT ASSETS

Debtors

5

1,558,930

1,064,367

Cash at bank and in hand

541,179

234,488

2,100,109

1,298,855

CREDITORS

Amounts falling due within one year

6

1,587,127

1,145,430

NET CURRENT ASSETS

512,982

153,425

TOTAL ASSETS LESS CURRENT
LIABILITIES

513,032

153,475

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

8

512,932

153,375

SHAREHOLDERS' FUNDS

513,032

153,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 September 2025 and were signed on its behalf by:

Mr I M Unsal - Director

1.	STATUTORY INFORMATION

Istanbul Jet Fuel Services 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.

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 derived from the ordinary trading activities of the business and is recognised when the customers obtain the right to consideration.

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2024

and 31 December 2024

50

NET BOOK VALUE

At 31 December 2024

50

At 31 December 2023

50

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

1,172,533

912,310

Amounts owed by associates

151,717

Other debtors

234,680

340

1,558,930

1,064,367

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

863,506

810,739

Amounts owed to group undertakings

366,202

286,328

Taxation and social security

118,719

45,863

Other creditors

238,700

2,500

1,587,127

1,145,430

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

8.

RESERVES

Retained

earnings

£

At 1 January 2024

153,375

Profit for the year

359,557

At 31 December 2024

512,932

9.	RELATED PARTY DISCLOSURES

Included in debtors are amounts owed from an associated company at balance sheet date of £151,717 (2023: £151,717). This balance is interest free and is repayable on demand.

Included in creditors are amounts owed to the parent company at balance sheet date of £366,202 (2023: £286,328). This balance is interest free and is repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

Istanbul Jet Havacilik Ve Yakit Hizmetleri A.S. (incorporated in Turkey) is the company's parent company.

The ultimate controlling party is the director Mr S Ozyildirim.