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REGISTERED NUMBER: 06948926 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AZ MEDICS LTD

AZ MEDICS LTD (REGISTERED NUMBER: 06948926)






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


AZ MEDICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Dr Z M Chauhan



SECRETARY: Dr Z M Chauhan



REGISTERED OFFICE: 36 Netherfield Close
Oldham
Lancashire
OL8 4ER



REGISTERED NUMBER: 06948926 (England and Wales)



ACCOUNTANT: Andrew W Berens FCA.
Chartered Accountant
48 Ringley Drive
Whitefield
Manchester
M45 7LR



BANKERS: NatWest
Oldham Branch
10 Yorkshire Street
Oldham
Lancashire
OL1 1QT

AZ MEDICS LTD (REGISTERED NUMBER: 06948926)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 4,058 183,292

CURRENT ASSETS
Debtors 5 1,012,384 669,078
Cash at bank and in hand 46,809 37,604
1,059,193 706,682
CREDITORS
Amounts falling due within one year 6 (77,725 ) (66,395 )
NET CURRENT ASSETS 981,468 640,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

985,526

823,579

CREDITORS
Amounts falling due after more than one
year

7

(50,000

)

(100,000

)
NET ASSETS 935,526 723,579

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 935,524 723,577
SHAREHOLDERS' FUNDS 935,526 723,579

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.

AZ MEDICS LTD (REGISTERED NUMBER: 06948926)

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 7 December 2024 and were signed by:





Dr Z M Chauhan - Director


AZ MEDICS LTD (REGISTERED NUMBER: 06948926)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

AZ Medics Ltd 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
Revenue 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

AZ MEDICS LTD (REGISTERED NUMBER: 06948926)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 180,307 6,376 186,683
Additions - 1,432 1,432
Transfer to ownership (180,307 ) - (180,307 )
At 31 March 2024 - 7,808 7,808
DEPRECIATION
At 1 April 2023 - 3,391 3,391
Charge for year - 359 359
At 31 March 2024 - 3,750 3,750
NET BOOK VALUE
At 31 March 2024 - 4,058 4,058
At 31 March 2023 180,307 2,985 183,292

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,012,384 669,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 70,291 50,502
Directors' current accounts 6,735 14,462
Accrued expenses 699 1,431
77,725 66,395

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 100,000 100,000
El-Manara Loan (50,000 ) -
50,000 100,000