Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312022-07-14falseNon-specialised wholesale trade20falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14233629 2022-07-13 14233629 2022-07-14 2023-12-31 14233629 2022-01-01 2022-07-13 14233629 2023-12-31 14233629 c:Director2 2022-07-14 2023-12-31 14233629 d:CurrentFinancialInstruments 2023-12-31 14233629 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14233629 d:ShareCapital 2023-12-31 14233629 d:RetainedEarningsAccumulatedLosses 2023-12-31 14233629 c:FRS102 2022-07-14 2023-12-31 14233629 c:AuditExempt-NoAccountantsReport 2022-07-14 2023-12-31 14233629 c:FullAccounts 2022-07-14 2023-12-31 14233629 c:PrivateLimitedCompanyLtd 2022-07-14 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14233629










AZERBAZALT UK LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
AZERBAZALT UK LTD
REGISTERED NUMBER: 14233629

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
27,653

Cash at bank and in hand
  
363

  
28,016

Creditors: amounts falling due within one year
 5 
(184,729)

Net current (liabilities)/assets
  
 
 
(156,713)

Net (liabilities)/assets
  
(156,713)


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
(156,715)

  
(156,713)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D Miller
Director

Date: 9 April 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
AZERBAZALT UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Azerbazalt UK Limited is a private company, limited by shares, incorporated in England and Wales on 14 July 2022, registered number 14233629. Its registered office is Suite G04 1 Quality Court, Chancery Lane, London, WC2A 1HR. 
These financial statements are for the period from incorporation on 14 July 2022 to 31 December 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
AZERBAZALT UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
AZERBAZALT UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2023
            No.






Employees
2


4.


Debtors

2023
£


Amounts owed by group undertakings
2

Other debtors
26,473

Prepayments and accrued income
1,178

27,653



5.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
8,632

Amounts owed to group undertakings
174,097

Accruals and deferred income
2,000

184,729



6.


Controlling party

The ultimate controlling party of the company is Caspian World Group Ltd through virtue of its shareholding. 

 
Page 4