SMAR-Azure Limited Filleted Accounts Cover
SMAR-Azure Limited
Company No. SC271564
Information for Filing with The Registrar
31 March 2023
SMAR-Azure Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2023.
Principal activities
The principal activity of the company during the year under review was development and production of sail and rig design software.
Directors
The Directors who served at any time during the year were as follows:
D.W. Macvicar
S.M. Malpede
S. Malpede
A. Rosiello
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A. Rosiello
Director
26 June 2023
SMAR-Azure Limited Balance Sheet Registrar
at
31 March 2023
Company No.
SC271564
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
17,949115,120
Tangible assets
5
2,012266
19,961115,386
Current assets
Stocks
6
1,121-
Debtors
7
75,39375,192
Cash at bank and in hand
223,997304,513
300,511379,705
Creditors: Amount falling due within one year
8
(47,394)
(214,878)
Net current assets
253,117164,827
Total assets less current liabilities
273,078280,213
Provisions for liabilities
Deferred taxation
-
(3,947)
Net assets
273,078276,266
Capital and reserves
Called up share capital
119132
Share premium account
10
62,21797,954
Profit and loss account
10
210,742178,180
Total equity
273,078276,266
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 26 June 2023
And signed on its behalf by:
A. Rosiello
Director
26 June 2023
SMAR-Azure Limited Notes to the Accounts Registrar
for the year ended 31 March 2023
1
General information
Its registered number is: SC271564
Its registered office is:
14-18 Hill Street
Edinburgh
Scotland
EH2 3JZ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
20% Straight line
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Intangible fixed assets
Patents and trade-marks
Develop-ment costs
Total
£
£
£
Cost
At 1 April 2022
3,161512,952516,113
Additions
7,564-7,564
At 31 March 2023
10,725512,952523,677
Amortisation and impairment
At 1 April 2022
632400,361400,993
Charge for the year
2,145102,590104,735
At 31 March 2023
2,777502,951505,728
Net book values
At 31 March 2023
7,94810,00117,949
At 31 March 2022
2,529112,591115,120
Patents & developments costs
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 April 2022
34,41834,418
Additions
2,3322,332
At 31 March 2023
36,75036,750
Depreciation
At 1 April 2022
34,15234,152
Charge for the year
586586
At 31 March 2023
34,73834,738
Net book values
At 31 March 2023
2,0122,012
At 31 March 2022
266
266
6
Stocks
2023
2022
£
£
Finished goods
1,121-
1,121-
7
Debtors
2023
2022
£
£
Trade debtors
7,55849
VAT recoverable
256-
Other debtors
60,92075,143
Prepayments and accrued income
6,659-
75,39375,192
8
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
218-
Trade creditors
3,7162,403
Taxes and social security
30,016
88
Loans from directors
13,443-
Other creditors
-129,086
Accruals and deferred income
183,301
47,394214,878
9
Share Capital
132 ordinary shares at £1.00 each full ypiad
10
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
11
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
75,630
30,000
75,630
30,000
Dividends by type:
Non-equity preference dividends
--
Equity dividends
75,63030,000
75,630
30,000
12
Related party disclosures
Transactions with related parties
Included within "Other Debtors" is a loan of £60,920 due from ACT Blade Limited. Both companies hold common directors. The loan is repayable on demand and carries no interest.
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