Istanbul Organic Ltd - Filleted accounts

Registered number

11851454

Istanbul Organic Ltd

Filleted Accounts

28 February 2025

Istanbul Organic Ltd
Registered number:		11851454
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		178,204			190,137

Current assets
Stocks		72,010			52,860
Debtors	4	22,712			8,533
Barclaycard (Credit Card)		20,510			10,955
Cash at bank and in hand		79,595			194,282
		194,827			266,630

Creditors: amounts falling due within one year	5	(260,845)			(353,829)

Net current liabilities			(66,018)			(87,199)

Net assets			112,186			102,938

Capital and reserves
Called up share capital			1			1
Profit and loss account			112,185			102,937

Shareholder's funds			112,186			102,938

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Sami Guzeloglu
Director
Approved by the board on 17 November 2025

Istanbul Organic Ltd
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks 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 stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					17		17


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2024	144,973		100,324		59,490		304,787
	At 28 February 2025	144,973		100,324		59,490		304,787

	Depreciation
	At 1 March 2024	14,497		71,098		29,055		114,650
	Charge for the year	-		5,846		6,087		11,933
	At 28 February 2025	14,497		76,944		35,142		126,583

	Net book value
	At 28 February 2025	130,476		23,380		24,348		178,204
	At 29 February 2024	130,476		29,226		30,435		190,137


4	Debtors					2025		2024
£							£

	VAT - Input					8		7
	Rent Prepayment					4,888		4,833
	Net VAT due					-		3,693
	EDF Energy					17,816		-
						22,712		8,533


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					12,926		70,389
	Taxation and social security costs					10,990		8,445
	Sudher Chinningu					991		-
	Sindu Varthe					793		-
	Sharath Purre					991		-
	Rahmani Khojesta					595		-
	Ayesha Ghafar					736		-
	Vignesh Rajw Vishwaraj					991		528
	Tulay Can					-		697
	Swapnil Souda					915		903
	Salih Gunduz					-		903
	Mustapha Bouabid					-		903
	Mustafa Dimitri					1,364		1,730
	Klara Muhanmed Ameen Hasan					-		361
	Dileep Goddam					793		722
	Anith Raj Talari					793		722
	Zeynep Guzeloglu					1,742		1,250
	Shahran Afrashtehfard					-		722
	Izel Guzeloglu					745		-
	Ela Guzeloglu					1,342		-
	Selina Weldab Tesfay					-		722
	Moussa Medjerab					892		-
	Lamine Ain El					-		772
	Close Brothers					-		187
	Ali Mechetek					992		-
	Sami Guzeloglu					2,052		1,412
	Pension payable					23		347
	CBIL (Loan)					-		3,765
	Other creditors					220,179		258,349
						260,845		353,829


6	Other information

	Istanbul Organic Ltd is a private company limited by shares and incorporated in England. Its registered office is: