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Azil Racking and Shelving Limited
Registered Number:10165148
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
Azil Racking and Shelving Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
10165148
As at 31 May 2024
Azil Racking and Shelving Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
3,000
4,000
2
Property, plant and equipment
328,917
200,964
3
331,917
204,964
Current assets
Inventories
391,739
480,545
4
Trade and other receivables
162,885
604,757
5
370,735
Cash and cash equivalents
109,953
1,195,255
925,359
Trade and other payables: amounts falling due within one
year
(437,597)
(688,616)
6
487,762
506,639
Net current assets
Total assets less current liabilities
838,556
692,726
Trade and other payables: amounts falling due after more
than one year
(38,477)
(141,408)
7
(31,587)
(31,587)
Provisions for liabilities
665,561
Net assets
622,662
Capital and reserves
Called up share capital
11
11
Retained earnings
665,550
622,651
665,561
622,662
Shareholders' funds
For the 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 members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
10165148
For the year ended 31 May 2024
Azil Racking and Shelving Limited
Statement of Financial Position Continued
Mr Bill McAtavey Director
These financial statements were approved and authorised for issue by the Board on 26 February 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 May 2024
Azil Racking and Shelving Limited
Notes to the Financial Statements
Statutory Information
Azil Racking and Shelving Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10165148.
Registered address:
Hammond Farm, Whaddon Road
Newton Longville
Milton Keynes
NK17 0AU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20 Reducing balance
20 Reducing balance
Computer Equipment
20 Reducing balance
Motor Vehicles
15 Reducing balance
Furniture and Fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 June 2023
10,000
At 31 May 2024
10,000
Amortisation
At 01 June 2023
6,000
1,000
Charge for year
At 31 May 2024
7,000
Net book value
At 31 May 2024
3,000
At 31 May 2023
4,000
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6
For the year ended 31 May 2024
Azil Racking and Shelving Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 June 2023
381,848
9,367
34,594
56,844
281,043
208,817
1,322
695
71,000
135,800
Additions
At 31 May 2024
127,844
35,289
10,689
590,665
416,843
Provision for depreciation and impairment
At 01 June 2023
180,884
2,880
13,446
22,513
142,045
Charge for year
80,864
1,562
3,276
21,066
54,960
At 31 May 2024
261,748
4,442
16,722
43,579
197,005
At 31 May 2024
Net book value
219,838
84,265
18,567
6,247
328,917
At 31 May 2023
138,998
34,331
21,148
6,487
200,964
4. Inventories
2023
2024
£
£
Stocks
480,545
391,739
5. Trade and other receivables
2023
2024
£
£
Trade debtors
514,571
162,885
Other debtors
90,186
-
162,885
604,757
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
17,473
168
Trade creditors
613,902
363,051
Taxation and social security
6,563
45,286
Other creditors
50,678
29,092
688,616
437,597
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7
For the year ended 31 May 2024
Azil Racking and Shelving Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
141,408
31,967
Other creditors
-
6,510
141,408
38,477
8. Average number of persons employed
During the year the average number of employees was 30 (2023 : 30)
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