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REGISTERED NUMBER: 03227144 (England and Wales)


















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

AZURA LIMITED

AZURA LIMITED (REGISTERED NUMBER: 03227144)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


AZURA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr R J White





REGISTERED OFFICE: TBAC Business Centre
Avenue 4
Station Lane
Witney
Oxfordshire
OX28 4BN





REGISTERED NUMBER: 03227144 (England and Wales)





ACCOUNTANTS: Haines Watts Cirencester Limited
Old Station House
Station Approach
Newport Street
Swindon
Wiltshire
SN1 3DU

AZURA LIMITED (REGISTERED NUMBER: 03227144)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,548 121,134

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 303,820 490,485
Cash at bank and in hand 28,789 25,713
337,609 521,198
CREDITORS
Amounts falling due within one year 343,119 450,466
NET CURRENT (LIABILITIES)/ASSETS (5,510 ) 70,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,038

191,866

CREDITORS
Amounts falling due after more than one
year

(83,198

)

(103,130

)

PROVISIONS FOR LIABILITIES (21,763 ) (23,015 )
NET ASSETS 4,077 65,721

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 4,067 65,711
4,077 65,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AZURA LIMITED (REGISTERED NUMBER: 03227144)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





Mr R J White - Director


AZURA LIMITED (REGISTERED NUMBER: 03227144)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Azura Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks & work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Costs include all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


AZURA LIMITED (REGISTERED NUMBER: 03227144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 264,661
Additions 29,121
At 30 November 2023 293,782
DEPRECIATION
At 1 December 2022 143,527
Charge for year 35,707
At 30 November 2023 179,234
NET BOOK VALUE
At 30 November 2023 114,548
At 30 November 2022 121,134

AZURA LIMITED (REGISTERED NUMBER: 03227144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. SECURED DEBTS

The following secured debts are included within creditors:

30/11/23 30/11/22
£    £   
HSBC Invoice Finance 55,259 -
Hire Purchase Contracts 103,534 95,443
158,793 95,443

The HSBC invoice finance agreement is secured by a fixed charge over debtors and a floating charge over all assets.
Hire purchase contracts are secured against the assets to which it relates.

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30/11/23 30/11/22
£    £   
Mr R J White
Balance outstanding at start of year 5,589 36,128
Amounts advanced 234,150 160,000
Amounts repaid (253,426 ) (190,539 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,687 ) 5,589