Company Registration No. 04547416 (England and Wales)
YUCEL INVESTMENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2013
YUCEL INVESTMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
YUCEL INVESTMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
31 December 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
473,055
478,326
Current assets
Debtors
43,297
63,497
Cash at bank and in hand
6,446
367
49,743
63,864
Creditors: amounts falling due within one year
(99,873)
(95,519)
Net current liabilities
(50,130)
(31,655)
Total assets less current liabilities
422,925
446,671
Creditors: amounts falling due after more than one year
3
(341,977)
(376,139)
80,948
70,532
Capital and reserves
Called up share capital
4
200
200
Profit and loss account
80,748
70,332
Shareholders' funds
80,948
70,532
For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 September 2014
Pembe Izzet
Director
Company Registration No. 04547416
YUCEL INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
1% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2013 & at 31 December 2013
527,076
Depreciation
At 1 January 2013
48,750
Charge for the year
5,271
At 31 December 2013
54,021
Net book value
At 31 December 2013
473,055
At 31 December 2012
478,326
3
Creditors: amounts falling due after more than one year
2013
2012
£
£
Analysis of loans repayable in more than five years
Total not repayable by instalments and due in more than five years
297,058
297,058
The aggregate amount of creditors for which security has been given amounted to £111,745 (2012 - £111,745).
YUCEL INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
- 3 -
4
Share capital
2013
2012
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
100 Ordinary A shares of £1 each
100
100
200
200
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