Company Registration No. 10852833 (England and Wales)
TURKISH HAIRLINES LIMITED
Unaudited accounts
for the year ended 31 July 2022
TURKISH HAIRLINES LIMITED
Unaudited accounts
Contents
TURKISH HAIRLINES LIMITED
Company Information
for the year ended 31 July 2022
Company Number
10852833 (England and Wales)
Registered Office
58 TURNER ROAD
LONG EATON
NOTTINGHAMSHIRE
NG10 3GP
ENGLAND
Accountants
Farshan & Co
Accountants & Tax Advisers
Suite 1, 2 Britannia Street
Leicester
LE1 3LE
TURKISH HAIRLINES LIMITED
Statement of financial position
as at 31 July 2022
Tangible assets
11,356
13,848
Cash at bank and in hand
7,060
6,469
Creditors: amounts falling due within one year
(1,149)
(3,466)
Net current assets
26,876
23,003
Total assets less current liabilities
38,232
36,851
Creditors: amounts falling due after more than one year
(12,400)
(15,914)
Called up share capital
200
200
Profit and loss account
25,632
20,737
Shareholders' funds
25,832
20,937
For the year ending 31 July 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 9 May 2023 and were signed on its behalf by
Mr. Mehmet TUNC
Director
Company Registration No. 10852833
TURKISH HAIRLINES LIMITED
Notes to the Accounts
for the year ended 31 July 2022
TURKISH HAIRLINES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10852833. The registered office is 58 TURNER ROAD, LONG EATON, NOTTINGHAMSHIRE, NG10 3GP, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
TURKISH HAIRLINES LIMITED
Notes to the Accounts
for the year ended 31 July 2022
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2021
11,702
12,330
24,032
At 31 July 2022
11,702
12,330
24,032
At 1 August 2021
4,502
5,682
10,184
Charge for the year
1,296
1,196
2,492
At 31 July 2022
5,798
6,878
12,676
At 31 July 2022
5,904
5,452
11,356
At 31 July 2021
7,200
6,648
13,848
Amounts falling due after more than one year
Other debtors
20,965
20,000
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
1,149
3,010
Loans from directors
-
456
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).
