Company registration number 09064344 (England and Wales)
AZURE PLUMBING & HEATING (UK) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
AZURE PLUMBING & HEATING (UK) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
AZURE PLUMBING & HEATING (UK) LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
2,000
Tangible assets
4
9,101
12,670
9,101
14,670
Current assets
Stocks
1,196
-
Debtors
5
37,667
41,504
Cash at bank and in hand
134,647
112,142
173,510
153,646
Creditors: amounts falling due within one year
6
(116,690)
(119,231)
Net current assets
56,820
34,415
Total assets less current liabilities
65,921
49,085
Provisions for liabilities
(2,025)
(2,770)
Net assets
63,896
46,315
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
63,796
46,215
Total equity
63,896
46,315

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

AZURE PLUMBING & HEATING (UK) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 December 2024 and are signed on its behalf by:
Mr R W Bragginton
Mr G C Young
Director
Director
Company registration number 09064344 (England and Wales)
AZURE PLUMBING & HEATING (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
1
Accounting policies
Company information

Azure Plumbing & Heating (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Wynford Road, Bournemouth, Dorset, BH9 3ND.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line
Computers
33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

AZURE PLUMBING & HEATING (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.8
Taxation
Current tax

Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2023 and 31 May 2024
20,000
Amortisation and impairment
At 1 June 2023
18,000
Amortisation charged for the year
2,000
At 31 May 2024
20,000
Carrying amount
At 31 May 2024
-
0
At 31 May 2023
2,000
AZURE PLUMBING & HEATING (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 5 -
4
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 June 2023 and 31 May 2024
7,419
2,310
30,500
40,229
Depreciation and impairment
At 1 June 2023
7,228
1,838
18,493
27,559
Depreciation charged in the year
95
472
3,002
3,569
At 31 May 2024
7,323
2,310
21,495
31,128
Carrying amount
At 31 May 2024
96
-
0
9,005
9,101
At 31 May 2023
191
472
12,007
12,670
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
29,624
35,955
Other debtors
8,043
5,549
37,667
41,504
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
34,375
29,066
Other creditors
82,315
90,165
116,690
119,231
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