Company Registration No. 10883793 (England and Wales)
AYDIN TEXTILES UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
PAGES FOR FILING WITH REGISTRAR
AYDIN TEXTILES UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
AYDIN TEXTILES UK LIMITED
BALANCE SHEET
- 1 -
2021
2020
Notes
£
£
£
£
Current assets
Debtors
4
242,805
221,529
Cash at bank and in hand
5,507
27,895
248,312
249,424
Creditors: amounts falling due within one year
5
(296,952)
(286,361)
Net current liabilities
(48,640)
(36,937)
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
(48,641)
(36,938)
Total equity
(48,640)
(36,937)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 19 April 2022
Mr A S Aydin
Director
Company Registration No. 10883793
AYDIN TEXTILES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
- 2 -
1
Accounting policies
Company information
Aydin Textiles UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o MB Textiles, The Old Chappel, Market Street, South Normanton, Derbyshire, United Kingdom, DE55 2AB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.3
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
AYDIN TEXTILES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
- 3 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
1
1
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
222,746
194,124
Corporation tax recoverable
6,275
6,275
Other debtors
13,784
21,130
242,805
221,529
5
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
65,605
Taxation and social security
5,576
1,612
Other creditors
291,376
219,144
296,952
286,361
6
Called up share capital
2021
2020
Ordinary share capital
£
£
Issued and fully paid
Ordinary of £1 each
1
1