Aktepe Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of Aktepe Ltd for the year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aktepe Ltd which comprise the Profit and Loss Account, the Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Aktepe Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Aktepe Ltd and state those matters that we have agreed to state to the directors of Aktepe Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aktepe Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that Aktepe Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Aktepe Ltd . You consider that Aktepe Ltd 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 accounts of Aktepe Ltd . 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 financial statements.

7 September 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Aktepe Ltd

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: SC404555

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		19,870		25,831
Tangible Assets	5		53,976		68,104

			73,846		93,935
CURRENT ASSETS
Stocks	6	256,609		280,601
Debtors	7	11,057		6,496
Cash at bank and in hand		73,123		91,501

		340,789		378,598
Creditors: Amounts Falling Due Within One Year	8	(150,048 )		(164,516 )

NET CURRENT ASSETS (LIABILITIES)			190,741		214,082

TOTAL ASSETS LESS CURRENT LIABILITIES			264,587		308,017

Creditors: Amounts Falling Due After More Than One Year	9		(38,161 )		(53,668 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(16,482 )		(17,026 )

NET ASSETS			209,944		237,323

CAPITAL AND RESERVES
Called up share capital			1		1
Profit and Loss Account			209,943		237,322

SHAREHOLDERS' FUNDS			209,944		237,323

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Aktepe Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 7 September 2026 and were signed on its behalf by:

Mrs L Hepworth

Director

The notes on pages 4 to 8 form part of these financial statements.

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Aktepe Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Aktepe Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC404555 . The registered office is Unit 2a, 8 Blackhouse Circle, Blackhouse Industrial Estate, Peterhead, Aberdeenshire, AB42 1BN.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis, as the directors have confirmed that the company will continue to trade for a period of no less than 12 months from the date of approval of these financial statements.

The company has a positive balance sheet and positive net current assets; however, it has incurred losses during the year. The directors have reviewed cash flow projections for the foreseeable future and remain satisfied that existing working capital and available funding are sufficient to meet liabilities as they fall due. In making this assessment the directors have considered that directors loan repayments will only be made when the company is in a position to make such repayments without adversely affecting its operations.

Accordingly, the directors consider it appropriate to adopt the going concern basis of accounting.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Sale of goods

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer including delivery charges.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Website development costs are capitalised are included in Other Intangible Fixed Assets. Website development costs are measured at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation is provided to write off the cost of the underlying asset over it's expected useful life of 5 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	33% on cost
Motor Vehicles	25% reducing balance
Fixtures & Fittings	33% on cost
Computer Equipment	33% on cost

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Aktepe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.8. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.9. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.10. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Aktepe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.10. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Intangible Assets

	Website
	£
Cost
As at 1 April 2025	29,805

As at 31 March 2026	29,805

Amortisation
As at 1 April 2025	3,974
Provided during the period	5,961

As at 31 March 2026	9,935

Net Book Value
As at 31 March 2026	19,870

As at 1 April 2025	25,831

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	1,831	104,063	10,834	4,171	120,899
Additions	-	-	-	3,750	3,750
Disposals	-	-	-	(3,307 )	(3,307 )

As at 31 March 2026	1,831	104,063	10,834	4,614	121,342

Depreciation
As at 1 April 2025	1,831	38,015	9,407	3,542	52,795
Provided during the period	-	16,512	624	741	17,877
Disposals	-	-	-	(3,306 )	(3,306 )

As at 31 March 2026	1,831	54,527	10,031	977	67,366

Net Book Value
As at 31 March 2026	-	49,536	803	3,637	53,976

As at 1 April 2025	-	66,048	1,427	629	68,104

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Aktepe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Motor Vehicles	45,512	60,682

6. Stocks

	2026	2025
	£	£
Stock	256,609	280,601

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	1,742	1,165
Prepayments and accrued income	5,625	5,043
Corporation tax recoverable assets	288	288
VAT	3,402	-

	11,057	6,496

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	8,361	7,389
Trade creditors	10,451	5,381
Bank loans and overdrafts	4,656	11,932
Other loans	35,766	35,766
Other taxes and social security	518	-
VAT	-	1,775
Other creditors	1,197	1,471
Accruals and deferred income	942	-
Directors' loan accounts	88,157	100,802

	150,048	164,516

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	36,997	45,358
Bank loans	1,164	8,310

	38,161	53,668

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Aktepe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,361	7,389
Later than one year and not later than five years	36,997	45,358

	45,358	52,747

	45,358	52,747

11. Directors Advances, Credits and Guarantees

Included within creditors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Ian Hepworth	(418 )	106	(312 )	-	(624 )
Mrs Louise Hepworth	(100,384 )	13,163	(312 )	-	(87,533 )

The above loans are interest free and have no fixed repayment terms.

12. Related Party Transactions

As at the year end, a loan balance of £35,766 (2025: £35,766) was owed by the company to a family member of a director.

The loan is interest free and has no set repayment terms.

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