TURKISH HOUSEHOLD (UK) LIMITED

TURKISH HOUSEHOLD (UK) LIMITED

TURKISH HOUSEHOLD (UK) LIMITED - Company Information

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Company Registration No. 8384197 (England and Wales)
TURKISH HOUSEHOLD (UK) LIMITED Unaudited accounts for the year ended 31 January 2022
TURKISH HOUSEHOLD (UK) LIMITED Unaudited accounts Contents
Page
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TURKISH HOUSEHOLD (UK) LIMITED Company Information for the year ended 31 January 2022
Director
M KARA
Company Number
8384197 (England and Wales)
Registered Office
UNIT 9Q KYNOCH ROAD LONDON N18 3BD
Accountants
ALTUN & CO GROUND FLOOR 285 FORE STREET EDMONTON LONDON N9 0PD
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TURKISH HOUSEHOLD (UK) LIMITED Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
5,500 
6,000 
Tangible assets
5
38,073 
25,612 
43,573 
31,612 
Current assets
Inventories
289,500 
275,875 
Debtors
6
688,101 
333,810 
Cash at bank and in hand
190,893 
269,302 
1,168,494 
878,987 
Creditors: amounts falling due within one year
7
(487,058)
(364,567)
Net current assets
681,436 
514,420 
Net assets
725,009 
546,032 
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
724,909 
545,932 
Shareholders' funds
725,009 
546,032 
For the year ending 31 January 2022 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 October 2022 and were signed on its behalf by
M KARA Director Company Registration No. 8384197
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TURKISH HOUSEHOLD (UK) LIMITED Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
TURKISH HOUSEHOLD (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8384197. The registered office is UNIT 9Q, KYNOCH ROAD, LONDON, N18 3BD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Sales represents amounts receivable for goods and services provided in the United Kingdom excluding value added tax.
Stocks
Stock is valued at the lower of cost and net realisable value.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
Tangible fixed assets policy
Depreciation is calculated to write off the cost or valuation of all motor vans,fixtures, fittings and equipment over their estimated useful lives on writing down value basis as follows:
Motor vehicles
25% on a Straight Line Basis
Fixtures & fittings
25% on a Straight Line Basis
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TURKISH HOUSEHOLD (UK) LIMITED Notes to the Accounts for the year ended 31 January 2022
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2021
10,000 
At 31 January 2022
10,000 
Amortisation
At 1 February 2021
4,000 
Charge for the year
500 
At 31 January 2022
4,500 
Net book value
At 31 January 2022
5,500 
At 31 January 2021
6,000 
5
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 February 2021
34,150 
Additions
27,999 
At 31 January 2022
62,149 
Depreciation
At 1 February 2021
8,538 
Charge for the year
15,538 
At 31 January 2022
24,076 
Net book value
At 31 January 2022
38,073 
At 31 January 2021
25,612 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
390,443 
320,763 
Accrued income and prepayments
9,495 
13,047 
Other debtors
288,163 
- 
688,101 
333,810 
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TURKISH HOUSEHOLD (UK) LIMITED Notes to the Accounts for the year ended 31 January 2022
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
29,036 
12,395 
Trade creditors
409,213 
312,188 
Taxes and social security
43,288 
35,903 
Other creditors
5,023 
4,081 
Loans from directors
498 
- 
487,058 
364,567 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 7 (2021: 7).
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