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Registered number: 14516557









KWIZDA AGRO UK LTD









FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
KWIZDA AGRO UK LTD
REGISTERED NUMBER: 14516557

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
6,556

Cash at bank and in hand
  
46,331

  
52,887

Creditors: amounts falling due within one year
 5 
(65,774)

NET CURRENT LIABILITIES
  
 
 
(12,887)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(12,887)

  

NET LIABILITIES
  
(12,887)


CAPITAL AND RESERVES
  

Called up share capital 
 6 
1,000

Profit and loss account
  
(13,887)

  
(12,887)


The financial statements have been prepared 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 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 profit and loss account 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: 




S Pachowsky
Director

Date: 30 December 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

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

1.


GENERAL INFORMATION

Kwizda Agro UK Ltd is a private company limited by shares & incorporated in England and Wales. Registered number 14516557. Its registered head office is located at Salisbury House, Station Road, Cambridge, Cambridgeshire, United Kingdom, CB1 2LA.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises recharges to the parent company, inclusive of a mark-up. Revenue is recognised as the fair value of the consideration received or receivable and is recognised in relation to when the recharged costs are incurred. 

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

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.

 
2.6

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 2

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

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.

 
2.8

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


3.


EMPLOYEES

2023
£

Wages and salaries
241,309

Social security costs
29,050

Cost of defined contribution scheme
36,423

306,782


The average monthly number of employees during the period was 2.



 

Page 3

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

4.


DEBTORS

2023
£


Other debtors
1,250

Prepayments
5,306

6,556



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
£

Trade creditors
586

Amounts owed to group undertakings
11,440

Other taxation and social security
8,558

Other creditors
3,807

Accruals and deferred income
41,383

65,774



6.


SHARE CAPITAL

2023
£
ALLOTTED, CALLED UP AND FULLY PAID


1,000 Ordinary shares of £1.00 each
1,000


On incorporation, the Company issue 1,000 Ordinary shares of £1.00 each at par.


7.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £36,423. Contributions totalling ££3,757 were payable to the fund at the balance sheet date and are included in creditors.

Page 4

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

8.


CONTROLLING PARTY

The immediate parent company and ultimate controlling party is Kwizda Agro GMBH, a company incorporated in Austria.


9.


COMMITMENTS UNDER OPERATING LEASES

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
£


Not later than 1 year
10,110

Later than 1 year and not later than 5 years
16,850

26,960


10.


AUDITOR'S INFORMATION

The auditor's report on the financial statements for the period ended 31 December 2023 was unqualified.

The audit report was signed on 2 January 2025 by Natalie Peacock (Senior Statutory Auditor) on behalf of Lakin Rose Chartered Accountants.

 
Page 5