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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
Page
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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
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Aztec Interiors (Leicester) Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,138 
18,815 
Current assets
Inventories
40,000 
20,000 
Debtors
132,938 
120,645 
172,938 
140,645 
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)
Capital and reserves
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
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Aztec Interiors (Leicester) Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
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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 
Additions
5,500 
- 
5,500 
At 31 December 2022
77,856 
17,127 
94,983 
Depreciation
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 
Net book value
At 31 December 2022
17,284 
2,854 
20,138 
At 31 December 2021
15,010 
3,805 
18,815 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
74,550 
81,550 
Other debtors
58,388 
39,095 
132,938 
120,645 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
21,598 
30,691 
VAT
22,914 
45,438 
Trade creditors
102,471 
62,560 
Taxes and social security
5,929 
920 
Other creditors
12,334 
23,525 
Accruals
1,130 
1,063 
166,376 
164,197 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
42,830 
49,448 
Other creditors
33,584 
71,769 
76,414 
121,217 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
123,000 Ordinary shares of £1 each
123,000 
123,000 
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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).
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