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Company Registration No. 04618131 (England and Wales)
Azimuth Management Consultancy Limited Unaudited accounts for the year ended 30 June 2023
Azimuth Management Consultancy Limited Unaudited accounts Contents
Page
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Azimuth Management Consultancy Limited Company Information for the year ended 30 June 2023
Director
Edward Timothy Dewing
Company Number
04618131 (England and Wales)
Registered Office
39 NEWCOMEN ROAD DARTMOUTH DEVON TQ6 9BJ UNITED KINGDOM
Accountants
JS Accounting and Bookkeeping 12 Litchfield Close Plympton Plymouth, GB Devon PL7 2UU
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Azimuth Management Consultancy Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,000 
1,545 
Current assets
Debtors
18,884 
33,519 
Cash at bank and in hand
1,528 
41,250 
20,412 
74,769 
Creditors: amounts falling due within one year
(10,082)
(58,267)
Net current assets
10,330 
16,502 
Total assets less current liabilities
12,330 
18,047 
Creditors: amounts falling due after more than one year
(8,820)
(13,313)
Provisions for liabilities
Deferred tax
(307)
(307)
Net assets
3,203 
4,427 
Capital and reserves
Called up share capital
106 
106 
Profit and loss account
3,097 
4,321 
Shareholders' funds
3,203 
4,427 
For the year ending 30 June 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 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 26 February 2024 and were signed on its behalf by
Edward Timothy Dewing Director Company Registration No. 04618131
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Azimuth Management Consultancy Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Azimuth Management Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 04618131. The registered office is 39 NEWCOMEN ROAD, DARTMOUTH, DEVON, TQ6 9BJ, UNITED KINGDOM.
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 financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they believe the going concern basis of accounting is appropriate in preparing the annual financial statements.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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Azimuth Management Consultancy Limited Notes to the Accounts for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
61,600 
At 30 June 2023
61,600 
Amortisation
At 1 July 2022
61,600 
At 30 June 2023
61,600 
Net book value
At 30 June 2023
- 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
28,826 
- 
28,826 
Additions
- 
4,673 
4,673 
Disposals
(3,679)
- 
(3,679)
At 30 June 2023
25,147 
4,673 
29,820 
Depreciation
At 1 July 2022
27,281 
- 
27,281 
Charge for the year
74 
2,896 
2,970 
On disposals
(2,431)
- 
(2,431)
At 30 June 2023
24,924 
2,896 
27,820 
Net book value
At 30 June 2023
223 
1,777 
2,000 
At 30 June 2022
1,545 
- 
1,545 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,762 
7,774 
Other debtors
3,122 
25,745 
6,884 
33,519 
Amounts falling due after more than one year
Other debtors
12,000 
- 
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Azimuth Management Consultancy Limited Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,898 
4,898 
VAT
2,073 
1,539 
Trade creditors
2,293 
- 
Taxes and social security
20,783 
39,378 
Loans from directors
(22,185)
10,232 
Accruals
2,220 
2,220 
10,082 
58,267 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,820 
13,313 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Edward Timothy Dewing
Directors Loan Account
(10,232)
63,150 
30,732 
22,186 
(10,232)
63,150 
30,732 
22,186 
During the year a director maintained a current account with the company. Advances of £63150 and repayments of £30732 were made on this loan. At the year end the director owed the company £22186, which was repaid by August 2023. Interest has been charged on the loan at 2.5%, when overdrawn, there are no set repayment terms.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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