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Arazu Construction Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2025

Registration number: 12808925

 

Arazu Construction Ltd

Contents

Statement of financial position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Arazu Construction Ltd

(Registration number: 12808925)
Statement of financial position as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

30,836

-

Current assets

 

Stocks

5

756,562

288,422

Debtors

6

510,347

174,609

Cash at bank and in hand

 

94,978

103

 

1,361,887

463,134

Creditors: Amounts falling due within one year

7

(1,237,009)

(365,851)

Net current assets

 

124,878

97,283

Net assets

 

155,714

97,283

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

155,614

97,183

Shareholders' funds

 

155,714

97,283

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 10 April 2025 and signed on its behalf by:
 

.........................................
Mr I Poulsum
Director

 

Arazu Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the Board on 10 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Arazu Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Arazu Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 2).

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

35,240

35,240

At 28 February 2025

35,240

35,240

Depreciation

Charge for the year

4,404

4,404

At 28 February 2025

4,404

4,404

Carrying amount

At 28 February 2025

30,836

30,836

5

Stocks

2025
£

2024
£

Work in progress

756,562

288,422

6

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

172,529

-

Amounts owed by related parties

9

164,837

-

Prepayments

 

5,231

-

Other debtors

 

167,750

174,609

   

510,347

174,609

 

Arazu Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

-

194,605

Trade creditors

 

883,904

-

Taxation and social security

 

112,955

28,498

Accruals and deferred income

 

60,565

3,086

Other creditors

 

179,585

139,662

 

1,237,009

365,851

Creditors: amounts falling due after more than one year

2025
£

2024
£

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Related party transactions

Transactions with directors

2025

At 1 March 2024
£

Advances to director
£

At 28 February 2025
£

Mr L Casselman

Directors loan

-

30,161

30,161

Mr I Poulsum

Directors loan

-

55,540

55,540

Director loan detail

Directors loans are provided at an interest rate in line with the HMRC Beneficial Loan Arrangements approved rate, currently 2.25% and are repayable on demand.