IRIS Accounts Production v24.3.0.553 12435307 director 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124353072023-01-31124353072024-01-31124353072023-02-012024-01-31124353072022-01-31124353072022-02-012023-01-31124353072023-01-3112435307ns15:EnglandWales2023-02-012024-01-3112435307ns14:PoundSterling2023-02-012024-01-3112435307ns10:Director12023-02-012024-01-3112435307ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3112435307ns10:SmallEntities2023-02-012024-01-3112435307ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3112435307ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3112435307ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3112435307ns10:FullAccounts2023-02-012024-01-3112435307ns10:OrdinaryShareClass12023-02-012024-01-3112435307ns10:OrdinaryShareClass22023-02-012024-01-3112435307ns10:CompanySecretary12023-02-012024-01-3112435307ns10:RegisteredOffice2023-02-012024-01-3112435307ns5:CurrentFinancialInstruments2024-01-3112435307ns5:CurrentFinancialInstruments2023-01-3112435307ns5:Non-currentFinancialInstruments2024-01-3112435307ns5:Non-currentFinancialInstruments2023-01-3112435307ns5:ShareCapital2024-01-3112435307ns5:ShareCapital2023-01-3112435307ns5:RetainedEarningsAccumulatedLosses2024-01-3112435307ns5:RetainedEarningsAccumulatedLosses2023-01-3112435307ns5:FurnitureFittings2023-02-012024-01-3112435307ns5:MotorVehicles2023-02-012024-01-3112435307ns5:ComputerEquipment2023-02-012024-01-3112435307ns5:FurnitureFittings2023-01-3112435307ns5:MotorVehicles2023-01-3112435307ns5:ComputerEquipment2023-01-3112435307ns5:FurnitureFittings2024-01-3112435307ns5:MotorVehicles2024-01-3112435307ns5:ComputerEquipment2024-01-3112435307ns5:FurnitureFittings2023-01-3112435307ns5:MotorVehicles2023-01-3112435307ns5:ComputerEquipment2023-01-3112435307ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3112435307ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3112435307ns5:AcceleratedTaxDepreciationDeferredTax2024-01-3112435307ns5:AcceleratedTaxDepreciationDeferredTax2023-01-3112435307ns5:DeferredTaxation2023-01-3112435307ns5:DeferredTaxation2023-02-012024-01-3112435307ns5:DeferredTaxation2024-01-3112435307ns10:OrdinaryShareClass12024-01-3112435307ns10:OrdinaryShareClass22024-01-31124353071ns10:Director12023-01-31124353071ns10:Director12022-01-31124353071ns10:Director12023-02-012024-01-31124353071ns10:Director12022-02-012023-01-31124353071ns10:Director12024-01-31124353071ns10:Director12023-01-31
REGISTERED NUMBER: 12435307 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

AZFORWARD LTD

AZFORWARD LTD (REGISTERED NUMBER: 12435307)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AZFORWARD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr Z Anwar





SECRETARY: Mrs F Anwar





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 12435307 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

AZFORWARD LTD (REGISTERED NUMBER: 12435307)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,846 37,786

CURRENT ASSETS
Debtors 5 22,790 26,472
Cash at bank 9,810 447
32,600 26,919
CREDITORS
Amounts falling due within one year 6 (4,876 ) (9,236 )
NET CURRENT ASSETS 27,724 17,683
TOTAL ASSETS LESS CURRENT LIABILITIES 51,570 55,469

CREDITORS
Amounts falling due after more than one
year

7

(46,290

)

(47,111

)

PROVISIONS FOR LIABILITIES 8 (4,531 ) (7,179 )
NET ASSETS 749 1,179

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 649 1,079
SHAREHOLDERS' FUNDS 749 1,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AZFORWARD LTD (REGISTERED NUMBER: 12435307)

BALANCE SHEET - continued
31 JANUARY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2024 and were signed by:





Mr Z Anwar - Director


AZFORWARD LTD (REGISTERED NUMBER: 12435307)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Azforward Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - Straight line over 5 years
Computer equipment - 25% on reducing balance

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 2 (2023 - 2 ) .

AZFORWARD LTD (REGISTERED NUMBER: 12435307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 28,010 47,508 5,280 80,798
Additions 211 - 34 245
At 31 January 2024 28,221 47,508 5,314 81,043
DEPRECIATION
At 1 February 2023 12,150 28,456 2,406 43,012
Charge for year 3,965 9,502 718 14,185
At 31 January 2024 16,115 37,958 3,124 57,197
NET BOOK VALUE
At 31 January 2024 12,106 9,550 2,190 23,846
At 31 January 2023 15,860 19,052 2,874 37,786

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 19,020 15,700
Other debtors 3,770 10,772
22,790 26,472

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 3,333 3,333
Trade creditors 648 1,548
Taxation and social security (146 ) 4,355
Other creditors 1,041 -
4,876 9,236

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 46,290 47,111

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,457 6,278

AZFORWARD LTD (REGISTERED NUMBER: 12435307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax
Accelerated capital allowances 4,531 7,179

Deferred
tax
£   
Balance at 1 February 2023 7,179
Credit to Income Statement during year (2,648 )
Balance at 31 January 2024 4,531

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
76 Ordinary £1 76 76
24 Ordinary B £1 24 24
100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mr Z Anwar
Balance outstanding at start of year 10,772 -
Amounts advanced - 120,717
Amounts repaid (7,001 ) (109,945 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,771 10,772