Company Registration No. 05246691 (England and Wales)
Aztec Interiors (Leicester) Limited
Filleted accounts
for the year ended 31 December 2022
Aztec Interiors (Leicester) Limited
Filleted accounts
Contents
Aztec Interiors (Leicester) Limited
Company Information
for the year ended 31 December 2022
Director
Tanvir Ahmed Shaikh
Company Number
05246691 (England and Wales)
Registered Office
127b Barkby Road
Leicester
LE4 9LG
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Aztec Interiors (Leicester) Limited
Statement of financial position
as at 31 December 2022
Tangible assets
20,138
18,815
Creditors: amounts falling due within one year
(166,376)
(164,197)
Net current assets/(liabilities)
6,562
(23,552)
Total assets less current liabilities
26,700
(4,737)
Creditors: amounts falling due after more than one year
(76,414)
(121,217)
Net liabilities
(49,714)
(125,954)
Called up share capital
123,000
123,000
Profit and loss account
(172,714)
(248,954)
Shareholders' funds
(49,714)
(125,954)
For the year ending 31 December 2022 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 30 September 2023 and were signed on its behalf by
Tanvir Ahmed Shaikh
Director
Company Registration No. 05246691
Aztec Interiors (Leicester) Limited
Notes to the Accounts
for the year ended 31 December 2022
Aztec Interiors (Leicester) Limited is a private company, limited by shares, registered in England and Wales, registration number 05246691. The registered office is 127b Barkby Road, Leicester, LE4 9LG.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Aztec Interiors (Leicester) Limited
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2022
72,356
17,127
89,483
At 31 December 2022
77,856
17,127
94,983
At 1 January 2022
57,346
13,322
70,668
Charge for the year
3,226
951
4,177
At 31 December 2022
60,572
14,273
74,845
At 31 December 2022
17,284
2,854
20,138
At 31 December 2021
15,010
3,805
18,815
Amounts falling due within one year
Trade debtors
74,550
81,550
Other debtors
58,388
39,095
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
21,598
30,691
Trade creditors
102,471
62,560
Taxes and social security
5,929
920
Other creditors
12,334
23,525
7
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
33,584
71,769
Allotted, called up and fully paid:
123,000 Ordinary shares of £1 each
123,000
123,000
Aztec Interiors (Leicester) Limited
Notes to the Accounts
for the year ended 31 December 2022
9
Average number of employees
During the year the average number of employees was 12 (2021: 9).