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Company Registration No. 09958337 (England and Wales)
Azoth Solutions Ltd Unaudited accounts for the year ended 31 December 2023
Azoth Solutions Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
285,000 
- 
Tangible assets
15,158 
30,143 
300,158 
30,143 
Current assets
Debtors
74,403 
67,402 
Cash at bank and in hand
72,336 
(23,468)
146,739 
43,934 
Creditors: amounts falling due within one year
(160,566)
(176,385)
Net current liabilities
(13,827)
(132,451)
Total assets less current liabilities
286,331 
(102,308)
Creditors: amounts falling due after more than one year
(116,140)
- 
Net assets/(liabilities)
170,191 
(102,308)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
170,190 
(102,309)
Shareholders' funds
170,191 
(102,308)
For the year ending 31 December 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 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 of Directors and authorised for issue on 28 June 2024 and were signed on its behalf by
S Collins Director Company Registration No. 09958337
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Azoth Solutions Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Azoth Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09958337. The registered office is Jonathan Scott Hall, Thrope Road, Norwich, Norfolk, NR1 1UH.
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
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
- 3 -
Azoth Solutions Ltd Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
- 
Additions
285,000 
At 31 December 2023
285,000 
Amortisation
At 1 January 2023
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
285,000 
The company recognises goodwill on purchased order books at its cost of acquisition. This goodwill is reviewed annually and impaired accordingly.
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
1,795 
7,500 
47,175 
3,399 
59,869 
Additions
- 
- 
3,900 
12,150 
16,050 
Disposals
(1,795)
(7,500)
(47,175)
(3,399)
(59,869)
At 31 December 2023
- 
- 
3,900 
12,150 
16,050 
Depreciation
At 1 January 2023
1,347 
5,623 
20,782 
1,974 
29,726 
Charge for the year
- 
- 
217 
675 
892 
On disposals
(1,347)
(5,623)
(20,782)
(1,974)
(29,726)
At 31 December 2023
- 
- 
217 
675 
892 
Net book value
At 31 December 2023
- 
- 
3,683 
11,475 
15,158 
At 31 December 2022
448 
1,877 
26,393 
1,425 
30,143 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
71,278 
12,937 
Amounts due from group undertakings etc.
- 
54,040 
Accrued income and prepayments
- 
425 
Other debtors
3,125 
- 
74,403 
67,402 
- 4 -
Azoth Solutions Ltd Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,008 
- 
VAT
15,733 
2,553 
Trade creditors
9,402 
10,370 
Taxes and social security
11,423 
523 
Other creditors
120,000 
- 
Loans from directors
- 
162,939 
160,566 
176,385 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,140 
- 
Other creditors
95,000 
- 
116,140 
- 
9
Average number of employees
During the year the average number of employees was 11 (2022: 5).
- 5 -