CES ADVANCED COMPOSITES UK LTD


Directors	Yuksel Acik
	Damla Sen


Registered Address	3, Blake House
	Admirals Way
	London
	E14 9UJ


Registered Number	11393836 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		404,859		471,086
Investments	4		-		5,000
			404,859		476,086
Current assets
Stocks	5	366,295		268,886
Debtors	6	2,244,212		2,582,784
Cash at bank and on hand		235,308		121,656
		2,845,815		2,973,326
Creditors amounts falling due within one year	7	(3,476,755)		(2,452,801)
Net current assets (liabilities)			(630,940)		520,525
Total assets less current liabilities			(226,081)		996,611
Creditors amounts falling due after one year	8		-		(732,721)
Provisions for liabilities	9		(11,531)		(11,226)
Net assets			(237,612)		252,664
Capital and reserves
Called up share capital			867,100		867,100
Profit and loss account			(1,104,712)		(614,436)
Shareholders' funds			(237,612)		252,664

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2025, and are signed on its behalf by:

Yuksel Acik
Director
Registered Company No. 11393836

CES ADVANCED COMPOSITES UK LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

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

	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.

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.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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 and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	10		10

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	103,107	571,884	47,095	4,214	726,300
Additions	-	4,010	-	1,162	5,172
At 31 December 24	103,107	575,894	47,095	5,376	731,472
Depreciation and impairment
At 01 January 24	-	237,946	16,162	1,106	255,214
Charge for year	-	65,105	5,568	726	71,399
At 31 December 24	-	303,051	21,730	1,832	326,613
Net book value
At 31 December 24	103,107	272,843	25,365	3,544	404,859
At 31 December 23	103,107	333,938	30,933	3,108	471,086

4.	Fixed asset investments

	Other loans¹	Total
	£	£
Cost or valuation
At 01 January 24	5,000	5,000
Transfers	(5,000)	(5,000)
Net book value
At 31 December 24	-	-
At 31 December 23	5,000	5,000

	Notes
	¹Other loans classified under investments

5.	Stocks

	2024	2023
	£	£
Finished goods	366,295	268,886
Total	366,295	268,886

6.	Debtors: amounts due after one year

	2024	2023
	£	£
Amounts owed by associates and joint ventures / participating interests	216,148	-
Total	216,148	-

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	3,198,349	2,126,882
Taxation and social security	93,010	143,061
Other creditors	182,858	182,858
Accrued liabilities and deferred income	2,538	-
Total	3,476,755	2,452,801


	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.

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Other creditors	-	732,721
Total	-	732,721

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	11,531	11,226
Total	11,531	11,226