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REGISTERED NUMBER: 05047683 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Araz Limited

Araz Limited (Registered number: 05047683)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Araz Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D Finley





SECRETARY: Mrs J Langthorpe





REGISTERED OFFICE: 220 Lutterworth Road
Nuneaton
Warwickshire
CV11 6PG





REGISTERED NUMBER: 05047683 (England and Wales)





ACCOUNTANTS: Vaughan Davies & Co (Accountants) Ltd
Unit 1-3, Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

Araz Limited (Registered number: 05047683)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,385 24,221

CURRENT ASSETS
Stocks 36,200 15,790
Debtors 5 125,547 83,423
Cash at bank and in hand 722,914 876,955
884,661 976,168
CREDITORS
Amounts falling due within one year 6 306,900 433,353
NET CURRENT ASSETS 577,761 542,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

629,146

567,036

PROVISIONS FOR LIABILITIES 12,846 4,806
NET ASSETS 616,300 562,230

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 616,298 562,228
SHAREHOLDERS' FUNDS 616,300 562,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Araz Limited (Registered number: 05047683)

Balance Sheet - continued
31 March 2024


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

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

The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





D Finley - Director


Araz Limited (Registered number: 05047683)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Araz 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, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Araz Limited (Registered number: 05047683)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

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 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 127,321 5,565 90,914 17,452 241,252
Additions - - 43,990 - 43,990
At 31 March 2024 127,321 5,565 134,904 17,452 285,242
DEPRECIATION
At 1 April 2023 115,119 3,306 83,740 14,866 217,031
Charge for year 3,051 338 12,791 646 16,826
At 31 March 2024 118,170 3,644 96,531 15,512 233,857
NET BOOK VALUE
At 31 March 2024 9,151 1,921 38,373 1,940 51,385
At 31 March 2023 12,202 2,259 7,174 2,586 24,221

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 125,318 83,194
Other debtors 229 229
125,547 83,423

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 54,216 40,022
Taxation and social security 146,762 144,590
Other creditors 105,922 248,741
306,900 433,353