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Azil Racking and Shelving Limited
Registered Number:10165148
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2023
Azil Racking and Shelving Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
10165148
As at 31 May 2023
Azil Racking and Shelving Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
4,000
5,000
2
Property, plant and equipment
200,964
215,784
3
204,964
220,784
Current assets
Inventories
304,783
391,739
4
Trade and other receivables
356,096
162,885
5
312,145
Cash and cash equivalents
370,735
925,359
973,024
Trade and other payables: amounts falling due within one
year
(470,592)
(437,597)
6
502,432
487,762
Net current assets
Total assets less current liabilities
692,726
723,216
Trade and other payables: amounts falling due after more
than one year
(51,341)
(38,477)
7
(31,587)
(36,150)
Provisions for liabilities
622,662
Net assets
635,725
Capital and reserves
Called up share capital
11
11
Retained earnings
622,651
635,714
622,662
635,725
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
10165148
For the year ended 31 May 2023
Azil Racking and Shelving Limited
Statement of Financial Position Continued
Mr Bill McAtavey Director
These financial statements were approved and authorised for issue by the Board on 14 February 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 May 2023
Azil Racking and Shelving Limited
Notes to the Financial Statements
Statutory Information
Azil Racking and Shelving Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10165148.
Registered address:
Hammond Farm, Whaddon Road
Newton Longville
Milton Keynes
NK17 0AU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20 Reducing balance
20 Reducing balance
Computer Equipment
20 Reducing balance
Motor Vehicles
15 Reducing balance
Furniture and Fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 June 2022
10,000
At 31 May 2023
10,000
Amortisation
At 01 June 2022
5,000
1,000
Charge for year
At 31 May 2023
6,000
Net book value
At 31 May 2023
4,000
At 31 May 2022
5,000
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6
For the year ended 31 May 2023
Azil Racking and Shelving Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 June 2022
347,981
6,292
25,002
40,344
276,343
33,867
3,075
9,592
16,500
4,700
Additions
At 31 May 2023
56,844
34,594
9,367
381,848
281,043
Provision for depreciation and impairment
At 01 June 2022
132,197
1,258
9,714
13,930
107,295
Charge for year
48,687
1,622
3,732
8,583
34,750
At 31 May 2023
180,884
2,880
13,446
22,513
142,045
At 31 May 2023
Net book value
138,998
34,331
21,148
6,487
200,964
At 31 May 2022
169,048
26,414
15,288
5,034
215,784
4. Inventories
2022
2023
£
£
Stocks
391,739
304,783
5. Trade and other receivables
2022
2023
£
£
Trade debtors
162,885
356,096
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
168
168
Trade creditors
363,051
306,740
Taxation and social security
45,286
105,326
Other creditors
29,092
58,358
437,597
470,592
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7
For the year ended 31 May 2023
Azil Racking and Shelving Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
31,967
41,849
Other creditors
6,510
9,492
38,477
51,341
8. Average number of persons employed
During the year the average number of employees was 30 (2022 : 29)
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