Ozyakut Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07246409 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2019

for

Ozyakut Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTOR:

Mrs Nilcan Cicek

REGISTERED OFFICE:

293 Green Lanes

Palmers Green

London

N13 4XS

REGISTERED NUMBER:

07246409 (England and Wales)

ACCOUNTANTS:

ADPL LLP

293 Green Lanes

London

N13 4XS

FIXED ASSETS

Tangible assets

4

76,115

70,068

CURRENT ASSETS

Stocks

21,629

10,164

Debtors

5

30,000

30,000

Cash at bank and in hand

43,429

67,593

95,058

107,757

CREDITORS

Amounts falling due within one year

6

128,266

144,630

NET CURRENT LIABILITIES

(33,208

)

(36,873

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,907

33,195

PROVISIONS FOR LIABILITIES

8

11,811

10,273

NET ASSETS

31,096

22,922

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

30,996

22,822

31,096

22,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 April 2020 and were signed by:

Mrs Nilcan Cicek - Director

1.	STATUTORY INFORMATION

Ozyakut Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is

appropriate because there are no material uncertainties related to events or conditions that may cast significant

doubt about the ability of the company to continue as a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

in accordance with the property

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2018 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

Plant and

and

leasehold

property

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 August 2018

7,029

79,999

10,185

56,795

154,008

Additions

-

29,762

-

-

29,762

At 31 July 2019

7,029

109,761

10,185

56,795

183,770

DEPRECIATION

At 1 August 2018

1,116

31,663

9,416

41,745

83,940

Charge for year

235

19,525

192

3,763

23,715

At 31 July 2019

1,351

51,188

9,608

45,508

107,655

NET BOOK VALUE

At 31 July 2019

5,678

58,573

577

11,287

76,115

At 31 July 2018

5,913

48,336

769

15,050

70,068

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.19

31.7.18

£

£

Other debtors

30,000

30,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Bank loans and overdrafts

-

3,008

Trade creditors

60,743

37,082

Taxation and social security

62,060

102,686

Other creditors

5,463

1,854

128,266

144,630

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.19

31.7.18

£

£

Bank loans

-

3,008

8.	PROVISIONS FOR LIABILITIES

31.7.19

31.7.18

£

£

Deferred tax

11,811

10,273

Deferred

tax

£

Balance at 1 August 2018

10,273

Provided during year

1,538

Balance at 31 July 2019

11,811

9.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Ozyakut Ltd for the year ended 31 July 2019 which comprise the Profit & Loss Account, 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/rulebook.

This report is made solely to the director of Ozyakut Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ozyakut Ltd and state those matters that we have agreed to state to the director of Ozyakut Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

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

ADPL LLP

293 Green Lanes

London

N13 4XS

Date: .............................................