KARAOGLAN AUTO LIMITED

KARAOGLAN AUTO LIMITED
Contents Page
For the year ended 31 January 2026

Statement of Financial Position	1
Notes to the Financial Statements	2

KARAOGLAN AUTO LIMITED
Statement of Financial Position
As at 31 January 2026

	2026 £	2025 £
Current assets
Debtors	69	0
Cash at bank and in hand	32,911	38,266
	32,980	38,266
Creditors: amount falling due within one year	(6,539)	(6,139)
Net current assets	26,441	32,127

Total assets less current liabilities	26,441	32,127
Creditors: amount falling due after more than one year	(992)	(8,992)
Net assets	25,449	23,135

Capital and reserves
Called up share capital	100	100
Profit and loss account	25,349	23,035
Shareholders' funds	25,449	23,135

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 28 October 2026 and were signed by:

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Seyho KARAOGLAN
Director

1

KARAOGLAN AUTO LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 January 2026

General Information

KARAOGLAN AUTO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06001227, registration address 183 Angel Place, Fore Street, London, N18 2UD.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance 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) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the company.

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.

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.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

5 Straight Line

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.

2.	Average number of employees Average number of employees during the period was 1 (2025 : 1).

3.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 February 2025	19,120	19,120
Additions	-	-
Disposals	-	-
At 31 January 2026	19,120	19,120
Depreciation
At 01 February 2025	19,120	19,120
Charge for year	-	-
On disposals	-	-
At 31 January 2026	19,120	19,120
Net book values
Closing balance as at 31 January 2026	-	-
Opening balance as at 01 February 2025	-	-

2