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Company Registration No. 13817977 (England and Wales)
Stead-Fast Rock UK Limited Unaudited accounts for the year ended 31 December 2023
Stead-Fast Rock UK Limited Unaudited accounts Contents
Page
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Stead-Fast Rock UK Limited Company Information for the year ended 31 December 2023
Director
A K Akhmedov
Company Number
13817977 (England and Wales)
Registered Office
28 September Way Stanmore HA7 2SG England
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Stead-Fast Rock UK Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
750 
1,125 
Current assets
Inventories
750 
- 
Debtors
2,500 
- 
Cash at bank and in hand
1,055 
241 
4,305 
241 
Creditors: amounts falling due within one year
(35,375)
(5,322)
Net current liabilities
(31,070)
(5,081)
Net liabilities
(30,320)
(3,956)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(30,420)
(4,056)
Shareholders' funds
(30,320)
(3,956)
For the year ending 31 December 2023 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 25 September 2024 and were signed on its behalf by
A K Akhmedov Director Company Registration No. 13817977
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Stead-Fast Rock UK Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Stead-Fast Rock UK Limited is a private company, limited by shares, registered in England and Wales, registration number 13817977. The registered office is 28 September Way, Stanmore, HA7 2SG, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Computer equipment
25%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Stead-Fast Rock UK Limited Notes to the Accounts for the year ended 31 December 2023
Going concern
The director believes that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from the creditors will be adequate to meet the company's needs. The director believes no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, the director has paid particular attention to a period of not less than one year from the date of approval of the financial statements.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
1,500 
At 31 December 2023
1,500 
Depreciation
At 1 January 2023
375 
Charge for the year
375 
At 31 December 2023
750 
Net book value
At 31 December 2023
750 
At 31 December 2022
1,125 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,500 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
30 
149 
Taxes and social security
550 
- 
Other creditors
2,584 
- 
Loans from directors
32,211 
5,173 
35,375 
5,322 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
Included in other creditors due within a year is the amount of £32,211 (2022: £5,173) owed to the director by the company.
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Stead-Fast Rock UK Limited Notes to the Accounts for the year ended 31 December 2023
9
Controlling party
Stead-Fast Rock UK Limited acts as an overseas representative of Stead-Fast Rock (F.Z.C), a Free Zone Company incorporated in UAE with registration number 7927. The registered office address is Executive Office - C1-224, Ajman Free Zone C1 Building, e Free A, 4442612247 (UAE). Based on the signed Representative Agreement, the Stead-Fast Rock (F.Z.C) is considered as the ultimate controlling party.
10
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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