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REGISTERED NUMBER: 06686201 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

AZONE LOGISTICS LIMITED

AZONE LOGISTICS LIMITED (REGISTERED NUMBER: 06686201)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AZONE LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: C Curtis
P Preddy





REGISTERED OFFICE: 1 Cricklade Court
Cricklade Street
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 06686201 (England and Wales)





ACCOUNTANTS: Ekins & Co (Swindon)
Accountants and Tax Advisors
1 Cricklade Court
Cricklade Street
Old Town
SWINDON
Wiltshire
SN1 3EY

AZONE LOGISTICS LIMITED (REGISTERED NUMBER: 06686201)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,295,320 1,295,400

CURRENT ASSETS
Debtors 5 48,578 79,144
Cash at bank 37,143 53,237
85,721 132,381
CREDITORS
Amounts falling due within one year 6 223,347 248,802
NET CURRENT LIABILITIES (137,626 ) (116,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,157,694

1,178,979

CREDITORS
Amounts falling due after more than one year 7 598,069 629,027
NET ASSETS 559,625 549,952

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 450,000 450,000
Retained earnings 109,525 99,852
SHAREHOLDERS' FUNDS 559,625 549,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:




C Curtis - Director



P Preddy - Director


AZONE LOGISTICS LIMITED (REGISTERED NUMBER: 06686201)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Azone Logistics Limited 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
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 etc - 20% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

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

AZONE LOGISTICS LIMITED (REGISTERED NUMBER: 06686201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 1,295,000 20,799 1,315,799
DEPRECIATION
At 1 October 2023 - 20,399 20,399
Charge for year - 80 80
At 30 September 2024 - 20,479 20,479
NET BOOK VALUE
At 30 September 2024 1,295,000 320 1,295,320
At 30 September 2023 1,295,000 400 1,295,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 48,578 69,549
Other debtors - 9,595
48,578 79,144

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 1,610 36,000
Taxation and social security 82,954 69,710
Other creditors 138,783 143,092
223,347 248,802

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 598,069 629,027

8. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 450,000

AZONE LOGISTICS LIMITED (REGISTERED NUMBER: 06686201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. LONG TERM LIABILITIES

A. The company benefits from a long term loan from Barclays Bank repayable over 240 months from January 2019 secured by Legal Charges over two freehold premises known as:

1. The Daniel Gooch Building, Whitehill Industrial Estate, Whitehill Lane, Royal Wootton Bassett, Swindon, SN4 7DB
2.2 Bramble Close,Elgin Industrial Estate, Swindon

An unsupported Joint and Several Guarantee in the sum of £50,000 has also been provided by the Directors to secure this liability.

The Company has also provided Barclays with a Debenture to secure this term loan.

B. Barclays Bounce Back Loan to support the company deal with the economic impact of the Coronavirus pandemic.

10. RE VALUATION RESERVE

The Wootton Basset property was revalued in January 2019 in support of facilities provided by Barclays Bank. The revaluation reflects the up-lift in valuation from that upon acquisition in April 2015.

April 2015 Valuation £550,000

January 2019 Valuation £1,000,000