SMAR-Azure Limited Filleted Accounts Cover
SMAR-Azure Limited
Company No. SC271564
Information for Filing with The Registrar
31 March 2024
SMAR-Azure Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was development and production of sail and rig design software.
Directors
The Directors who served at any time during the year were as follows:
D.W. Macvicar
S.M. Malpede
S. Malpede
A. Rosiello
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A. Rosiello
Director
01 November 2024
SMAR-Azure Limited Balance Sheet Registrar
at
31 March 2024
Company No.
SC271564
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
5,80317,949
Tangible assets
5
2,1152,012
7,91819,961
Current assets
Stocks
6
1,1211,121
Debtors
7
67,47975,393
Cash at bank and in hand
97,449223,997
166,049300,511
Creditors: Amount falling due within one year
8
(27,784)
(47,394)
Net current assets
138,265253,117
Total assets less current liabilities
146,183273,078
Net assets
146,183273,078
Capital and reserves
Called up share capital
119119
Share premium account
10
62,21762,217
Profit and loss account
10
83,847210,742
Total equity
146,183273,078
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 01 November 2024 and signed on its behalf by:
A. Rosiello
Director
01 November 2024
SMAR-Azure Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
SMAR-Azure Limited is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC271564
Its registered office is:
14-18 Hill Street
Edinburgh
Scotland
EH2 3JZ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
20% Straight line
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Intangible fixed assets
Patents and trade-marks
Develop-ment costs
Total
£
£
£
Cost
At 1 April 2023
10,725512,952523,677
At 31 March 2024
10,725512,952523,677
Amortisation and impairment
At 1 April 2023
2,777502,951505,728
Charge for the year
2,14510,00112,146
At 31 March 2024
4,922512,952517,874
Net book values
At 31 March 2024
5,803-5,803
At 31 March 2023
7,94810,00117,949
Patents & developments costs
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 April 2023
36,75036,750
Additions
579579
At 31 March 2024
37,32937,329
Depreciation
At 1 April 2023
34,73834,738
Charge for the year
476476
At 31 March 2024
35,21435,214
Net book values
At 31 March 2024
2,1152,115
At 31 March 2023
2,012
2,012
6
Stocks
2024
2023
£
£
Finished goods
1,1211,121
1,1211,121
7
Debtors
2024
2023
£
£
Trade debtors
(95)
7,558
VAT recoverable
-256
Other debtors
60,91560,920
Prepayments and accrued income
6,6596,659
67,47975,393
8
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
211218
Trade creditors
2,5303,716
Taxes and social security
11,599
30,016
Loans from directors
13,44313,443
Accruals and deferred income
11
27,78447,394
9
Share Capital
119 ordinary shares at £1.00 each full ypiad
10
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
11
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
151,261
75,630
151,261
75,630
Dividends by type:
Non-equity preference dividends
--
Equity dividends
151,26175,630
151,261
75,630
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