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REGISTERED NUMBER: SC548067 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Azura Blu Ltd

Azura Blu Ltd (Registered number: SC548067)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 5


Azura Blu Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Steven Butterly
Miss Paula McFarlane





REGISTERED OFFICE: 2 Angle Street
Stonehouse
Larkhall
ML9 3LB





REGISTERED NUMBER: SC548067 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Azura Blu Ltd (Registered number: SC548067)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,275 12,896

CURRENT ASSETS
Debtors 5 60,571 71,928
Cash at bank 30,616 4,651
91,187 76,579
CREDITORS
Amounts falling due within one year 6 81,498 42,323
NET CURRENT ASSETS 9,689 34,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,964

47,152

CREDITORS
Amounts falling due after more than one
year

7

(24,256

)

(9,000

)

PROVISIONS FOR LIABILITIES 8 (9,849 ) (2,450 )
NET ASSETS 33,859 35,702

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 33,759 35,602
SHAREHOLDERS' FUNDS 33,859 35,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Blu Ltd (Registered number: SC548067)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

Azura Blu Ltd (Registered number: SC548067)

Balance Sheet - continued
29 February 2024



The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2024 and were signed on its behalf by:





Miss Paula McFarlane - Director


Azura Blu Ltd (Registered number: SC548067)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


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
Fittings and equipment - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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 balance sheet date.


Azura Blu Ltd (Registered number: SC548067)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 12 ) .

Azura Blu Ltd (Registered number: SC548067)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fittings
Plant and and Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 - 13,746 - 1,350 15,096
Additions 1,800 15,261 39,090 1,345 57,496
Disposals - (1,500 ) - - (1,500 )
At 29 February 2024 1,800 27,507 39,090 2,695 71,092
DEPRECIATION
At 1 March 2023 - 1,862 - 338 2,200
Charge for year 450 1,675 7,818 674 10,617
At 29 February 2024 450 3,537 7,818 1,012 12,817
NET BOOK VALUE
At 29 February 2024 1,350 23,970 31,272 1,683 58,275
At 28 February 2023 - 11,884 - 1,012 12,896

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 59,003 68,865
Amounts owed by associates - 1,692
Other debtors 1,568 1,371
60,571 71,928

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 9,416 -
Trade creditors 12,498 7,628
Taxation and social security 48,014 23,709
Other creditors 7,570 6,986
81,498 42,323

Azura Blu Ltd (Registered number: SC548067)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 4,957 9,000
Hire purchase contracts 19,299 -
24,256 9,000

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 9,849 2,450

Deferred
tax
£   
Balance at 1 March 2023 2,450
Provided during year 7,399
Balance at 29 February 2024 9,849

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100