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REGISTERED NUMBER: 09026439 (England and Wales)



Financial Statements for the Year Ended 31 May 2023

for

Azar Consulting Ltd.

Azar Consulting Ltd. (Registered number: 09026439)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Azar Consulting Ltd.

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr A J Shafier
Mrs D R Shafier





REGISTERED OFFICE: 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ





REGISTERED NUMBER: 09026439 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Azar Consulting Ltd. (Registered number: 09026439)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,990 1,574

CURRENT ASSETS
Debtors 5 68,055 41,689
Cash at bank 64,413 125,893
132,468 167,582
CREDITORS
Amounts falling due within one year 6 (45,083 ) (47,048 )
NET CURRENT ASSETS 87,385 120,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,375

122,108

CREDITORS
Amounts falling due after more than one
year

7

(19,686

)

(27,670

)
NET ASSETS 69,689 94,438

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 69,687 94,436
SHAREHOLDERS' FUNDS 69,689 94,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Azar Consulting Ltd. (Registered number: 09026439)

Balance Sheet - continued
31 May 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





Mr A J Shafier - Director


Azar Consulting Ltd. (Registered number: 09026439)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Azar Consulting Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Azar Consulting Ltd. (Registered number: 09026439)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 789 1,968 2,757
Additions - 1,012 1,012
At 31 May 2023 789 2,980 3,769
DEPRECIATION
At 1 June 2022 789 394 1,183
Charge for year - 596 596
At 31 May 2023 789 990 1,779
NET BOOK VALUE
At 31 May 2023 - 1,990 1,990
At 31 May 2022 - 1,574 1,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 17,899 21,727
Directors' current accounts 50,156 19,962
68,055 41,689

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 7,666 7,666
Taxation and social security 35,646 37,908
Other creditors 1,771 1,474
45,083 47,048

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 19,686 27,670

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
2 Ordianry £1 2 2

Azar Consulting Ltd. (Registered number: 09026439)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


9. RESERVES
Retained
earnings
£   

At 1 June 2022 94,436
Profit for the year 110,251
Dividends (135,000 )
At 31 May 2023 69,687

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
Mr A J Shafier and Mrs D R Shafier
Balance outstanding at start of year 19,962 19,998
Amounts advanced 201,993 184,993
Amounts repaid (171,799 ) (185,029 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,156 19,962

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £135,000 (2022 - £146,000) were paid to the directors .

The director's current account balance was repaid by an interim dividend on 30th September 2023.