Azdio Technology Services Holdings Limited Filleted accounts for Companies House (small and micro)

AZDIO TECHNOLOGY SERVICES HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 12169737

Azdio Technology Services Holdings Limited

Filleted Unaudited Financial Statements

31 December 2022

Azdio Technology Services Holdings Limited

Financial Statements

Period from 1 September 2021 to 31 December 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Azdio Technology Services Holdings Limited

Statement of Financial Position

31 December 2022

	31 Dec 22		31 Aug 21
Note	£	£	£

Fixed assets

Investments	5		50	50

Current assets

Debtors	6	1,065,000	995,663
Cash at bank and in hand		929,716	498,435
		------------	------------
		1,994,716	1,494,098

Creditors: amounts falling due within one year	7	2,339		1,361
		------------		------------
Net current assets			1,992,377	1,492,737
			------------	------------
Total assets less current liabilities			1,992,427	1,492,787
			------------	------------
Net assets			1,992,427	1,492,787
			------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,992,327	1,492,687
	------------	------------
Shareholders funds	1,992,427	1,492,787
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Azdio Technology Services Holdings Limited

Statement of Financial Position (continued)

31 December 2022

These financial statements were approved by the board of directors and authorised for issue on 15 September 2023 , and are signed on behalf of the board by:

Ms D M Barton
Director

Company registration number: 12169737

Azdio Technology Services Holdings Limited

Notes to the Financial Statements

Period from 1 September 2021 to 31 December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is No. 3 3 Kensington Square, London, United Kingdom, W8 5EP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 1 (2021: 1).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 September 2021 and 31 December 2022	50
	----
Impairment
At 1 September 2021 and 31 December 2022	–
	----

Carrying amount
At 31 December 2022	50
	----
At 31 August 2021	50
	----

6. Debtors

	31 Dec 22	31 Aug 21
	£	£
Other debtors	1,065,000	995,663
	------------	---------

7. Creditors: amounts falling due within one year

	31 Dec 22	31 Aug 21
	£	£
Corporation tax	978	–
Other creditors	1,361	1,361
	-------	-------
	2,339	1,361
	-------	-------

8. Related party transactions

At the year end the company was owed £1,065,000 (2021: £995,000) by a company under common control. At the year end the company owed £361 (2021: £361) to a company under common control.