Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 10325944 Dr S E Temple Mr M J Evans Ms L A Hamon Mr E Van Dijk iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10325944 2022-08-31 10325944 2023-08-31 10325944 2022-09-01 2023-08-31 10325944 frs-core:CurrentFinancialInstruments 2023-08-31 10325944 frs-core:Non-currentFinancialInstruments 2023-08-31 10325944 frs-core:ComputerEquipment 2023-08-31 10325944 frs-core:ComputerEquipment 2022-09-01 2023-08-31 10325944 frs-core:ComputerEquipment 2022-08-31 10325944 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-09-01 2023-08-31 10325944 frs-core:OtherResidualIntangibleAssets 2023-08-31 10325944 frs-core:OtherResidualIntangibleAssets 2022-09-01 2023-08-31 10325944 frs-core:OtherResidualIntangibleAssets 2022-08-31 10325944 frs-core:SharePremium 2023-08-31 10325944 frs-core:ShareCapital 2023-08-31 10325944 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10325944 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10325944 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 10325944 frs-bus:SmallEntities 2022-09-01 2023-08-31 10325944 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10325944 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10325944 frs-bus:Director1 2022-09-01 2023-08-31 10325944 frs-bus:Director2 2022-09-01 2023-08-31 10325944 frs-bus:Director3 2022-09-01 2023-08-31 10325944 frs-bus:Director4 2022-09-01 2023-08-31 10325944 frs-countries:EnglandWales 2022-09-01 2023-08-31 10325944 2021-08-31 10325944 2022-08-31 10325944 2021-09-01 2022-08-31 10325944 frs-core:CurrentFinancialInstruments 2022-08-31 10325944 frs-core:Non-currentFinancialInstruments 2022-08-31 10325944 frs-core:SharePremium 2022-08-31 10325944 frs-core:ShareCapital 2022-08-31 10325944 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 10325944
Azul Optics Limited
Financial Statements
For The Year Ended 31 August 2023
William Price & Co Limited
Chartered Accountants
Westbury Court Church Road
Westbury On Trym
Bristol
BS9 3EF
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10325944
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 74,687 85,040
Tangible Assets 5 1,593 -
76,280 85,040
CURRENT ASSETS
Stocks 6 10,000 10,000
Debtors 7 3,114 6,142
Cash at bank and in hand 33,196 43,567
46,310 59,709
Creditors: Amounts Falling Due Within One Year 8 (14,465 ) (26,976 )
NET CURRENT ASSETS (LIABILITIES) 31,845 32,733
TOTAL ASSETS LESS CURRENT LIABILITIES 108,125 117,773
Creditors: Amounts Falling Due After More Than One Year 9 (11,474 ) (17,296 )
NET ASSETS 96,651 100,477
CAPITAL AND RESERVES
Called up share capital 10 2 2
Share premium account 581,269 581,269
Profit and Loss Account (484,620 ) (480,794 )
SHAREHOLDERS' FUNDS 96,651 100,477
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Page 2
For the year ending 31 August 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M J Evans
Director
8 April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Azul Optics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10325944 . The registered office is 102 Hill View, Henleaze, Bristol, BS9 4QG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software and patents. It is amortised to profit and loss account over its estimated economic life of  3 and 10 years respectively.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 4 years staight line method.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 4)
2 4
4. Intangible Assets
Other
£
Cost
As at 1 September 2022 129,788
Additions 2,390
As at 31 August 2023 132,178
Amortisation
As at 1 September 2022 44,748
Provided during the period 12,743
As at 31 August 2023 57,491
Net Book Value
As at 31 August 2023 74,687
As at 1 September 2022 85,040
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2022 8,020
Additions 2,124
As at 31 August 2023 10,144
Depreciation
As at 1 September 2022 8,020
Provided during the period 531
As at 31 August 2023 8,551
Net Book Value
As at 31 August 2023 1,593
As at 1 September 2022 -
6. Stocks
2023 2022
£ £
Materials 10,000 10,000
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7. Debtors
2023 2022
£ £
Due within one year
Other debtors 3,114 6,142
3,114 6,142
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,226 18,922
Bank loans and overdrafts 5,822 5,822
Other creditors 1,217 197
Accruals and deferred income 2,200 2,035
14,465 26,976
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 11,474 17,296
11,474 17,296
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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