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
Intangible assets
285,000
-
Tangible assets
15,158
30,143
Cash at bank and in hand
72,336
(23,468)
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)
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
Azoth Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Azoth Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Other
At 31 December 2023
285,000
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
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
At 31 December 2023
-
-
3,683
11,475
15,158
At 31 December 2022
448
1,877
26,393
1,425
30,143
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
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
-
Trade creditors
9,402
10,370
Taxes and social security
11,423
523
Loans from directors
-
162,939
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 11 (2022: 5).