KARTAL MEATS LIMITED


Director	Bilal USTUN


Registered Address	33 Shaftsbury Road
	Unit 4
	London
	N18 1SW


Registered Number	08055653 (England and Wales)

Balance Sheet as at
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		238,067		239,032
			238,067		239,032
Current assets
Stocks	4	430,515		308,851
Debtors	5	1,753,582		1,714,560
Cash at bank and on hand		23,683		81,385
		2,207,780		2,104,796
Creditors amounts falling due within one year	6	(1,343,135)		(1,482,082)
Net current assets (liabilities)			864,645		622,714
Total assets less current liabilities			1,102,712		861,746
Creditors amounts falling due after one year	7		(111,472)		(11,333)
Provisions for liabilities	8		(9,272)		(9,272)
Net assets			981,968		841,141
Capital and reserves
Called up share capital			100		100
Profit and loss account			981,868		841,041
Shareholders' funds			981,968		841,141

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 Director acknowledges 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 Director on 4 August 2025, and are signed on its behalf by:

Bilal USTUN
Director
Registered Company No. 08055653

KARTAL MEATS LIMITED

Notes to the Financial Statements
for the year ended 31 May 2025

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:

	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


		2025		2024
	Average number of employees during the year	30		35

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 June 24	344,101	-	131,046	11,084	486,231
Additions	-	24,989	2,000	2,872	29,861
At 31 May 25	344,101	24,989	133,046	13,956	516,092
Depreciation and impairment
At 01 June 24	164,713	-	77,274	5,212	247,199
Charge for year	18,360	2,082	8,743	1,641	30,826
At 31 May 25	183,073	2,082	86,017	6,853	278,025
Net book value
At 31 May 25	161,028	22,907	47,029	7,103	238,067
At 31 May 24	179,388	-	53,772	5,872	239,032

4.	Stocks

	2025	2024
	£	£
Finished goods	430,515	308,851
Total	430,515	308,851

5.	Debtors: amounts due after one year
	Included in other debtors are amounts due from related companies, other loans and VAT refundable.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,024,506	1,264,722
Taxation and social security	133,796	119,710
Other creditors	175,834	88,650
Accrued liabilities and deferred income	8,999	9,000
Total	1,343,135	1,482,082

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	111,472	11,333
Total	111,472	11,333

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	9,272	9,272
Total	9,272	9,272