REGISTERED NUMBER: |
AZOTIC TECHNOLOGIES (EUROPE) LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
REGISTERED NUMBER: |
AZOTIC TECHNOLOGIES (EUROPE) LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
AZOTIC TECHNOLOGIES (EUROPE) LIMITED (REGISTERED NUMBER: 09612970) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 4 |
AZOTIC TECHNOLOGIES (EUROPE) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered accountants & statutory auditor |
East Suite, Ground Floor |
Avalon House |
St Catherine's Court |
Sunderland |
SR5 3XJ |
AZOTIC TECHNOLOGIES (EUROPE) LIMITED (REGISTERED NUMBER: 09612970) |
BALANCE SHEET |
31 DECEMBER 2022 |
2022 | 2021 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
AZOTIC TECHNOLOGIES (EUROPE) LIMITED (REGISTERED NUMBER: 09612970) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
1. | STATUTORY INFORMATION |
Azotic Technologies (Europe) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company has not traded for a number of years, with the activities of the company subsequently taken on by its parent company, Azotic Technologies Limited. |
No adjustment has been made to the carrying value of the company's assets and liabilities in these financial statements in respect of the cessation of trade. All liabilities, with the exception of the intercompany balance, have been settled after the reporting date. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed by group undertakings |
AZOTIC TECHNOLOGIES (EUROPE) LIMITED (REGISTERED NUMBER: 09612970) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
We draw attention to note 2 to the financial statements which explains that the company has not traded for a number of years and the intention is to wind up the company. However, the adjustments required for cessation basis are immaterial therefore we consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Our opinion is not modified in respect of this matter. |
for and on behalf of |
6. | ULTIMATE CONTROLLING PARTY |
Koppert B.V. holds a controlling interest in ordinary share capital of the parent company. |
Koppert B.V. is registered in The Netherlands, with the address: P.O. Box 155, 2650 AD Berkel en Rodenrijs, The Netherlands. |