REGISTERED NUMBER: 02096127 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2024

for

AZTEC (U.K.) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Cedrowski

REGISTERED OFFICE:

155 Wellingborough Road

Rushden

Northamptonshire

NN10 9TB

REGISTERED NUMBER:

02096127 (England and Wales)

AUDITORS:

Just Audit Limited

Chartered Accountants

& Statutory Auditors

Strelley Hall, Strelley

Nottingham

NG8 6PE

FIXED ASSETS

Tangible assets

4

23,778

28,188

CURRENT ASSETS

Stocks

5

449,388

434,682

Debtors

6

181,793

229,257

Cash at bank

37,283

81,724

668,464

745,663

CREDITORS

Amounts falling due within one year

7

124,313

121,855

NET CURRENT ASSETS

544,151

623,808

TOTAL ASSETS LESS CURRENT LIABILITIES

567,929

651,996

CREDITORS

Amounts falling due after more than one year

8

-

(49,000

)

PROVISIONS FOR LIABILITIES

(5,945

)

-

NET ASSETS

561,984

602,996

CAPITAL AND RESERVES

Called up share capital

10

100

100

Capital redemption reserve

100,025

100,025

Retained earnings

461,859

502,871

SHAREHOLDERS' FUNDS

561,984

602,996

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:

R Cedrowski - Director

1.	STATUTORY INFORMATION

AZTEC (U.K.) LIMITED is a private company, limited by shares, registered in England and Wales. The company's registered number is 02096127 and its registered office address is 155 Wellingborough Road, Rushden, NN10 9TB.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

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

Revenue from the sale of goods is recognised on the date of despatch.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

Straight line over 5 years

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and impairment losses.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the average cost method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the

respective functional currency of the entity at the rates prevailing on the reporting period date. All differences are taken to the Statement of Income and Retained Earnings.

3.

EMPLOYEES

The average number of employees during the year was 7 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

70,859

20,289

21,000

112,148

Additions

2,895

14,032

-

16,927

Disposals

(34,784

)

(12,026

)

(21,000

)

(67,810

)

At 31 December 2024

38,970

22,295

-

61,265

DEPRECIATION

At 1 January 2024

61,451

15,586

6,923

83,960

Charge for year

2,719

2,901

581

6,201

Eliminated on disposal

(34,784

)

(10,386

)

(7,504

)

(52,674

)

At 31 December 2024

29,386

8,101

-

37,487

NET BOOK VALUE

At 31 December 2024

9,584

14,194

-

23,778

At 31 December 2023

9,408

4,703

14,077

28,188

5.

STOCKS

2024

2023

£

£

Goods in transit

45,623

-

Finished goods

403,765

434,682

449,388

434,682

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

160,940

209,636

Other debtors

20,853

19,621

181,793

229,257

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

11,452

7,513

Taxation and social security

33,599

91,649

Other creditors

79,262

22,693

124,313

121,855

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

-

49,000

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

26,555

32,190

Between one and five years

11,072

37,627

37,627

69,817

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Fletcher BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Just Audit Limited

12.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent is Aztec International Spolka Akcyjna, incorporated in Poland.

The consolidated financial statements which include the results of Aztec (U.K) Limited, are available upon request from ul. Sowia 13 C, 62-080 Tarnowo Podgorne, Poland.

The ultimate controlling parties of Aztec International Spolka Akcyjna are considered to be M de Graan and HR de Graan.