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
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
Azimuth Management Consultancy Limited
Statement of financial position
as at 30 June 2023
Tangible assets
2,000
1,545
Cash at bank and in hand
1,528
41,250
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
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
Azimuth Management Consultancy Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
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.
The accounts are presented in £ sterling.
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 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 (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.
Azimuth Management Consultancy Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
28,826
-
28,826
Disposals
(3,679)
-
(3,679)
At 30 June 2023
25,147
4,673
29,820
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
At 30 June 2023
223
1,777
2,000
At 30 June 2022
1,545
-
1,545
Amounts falling due within one year
Other debtors
3,122
25,745
Amounts falling due after more than one year
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
Taxes and social security
20,783
39,378
Loans from directors
(22,185)
10,232
8
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).