29 February 2024 false No description of principal activity Taxfiler 2024.6 10501345business:PrivateLimitedCompanyLtd2024-02-292025-02-28 105013452024-02-28 105013452024-02-292025-02-28 10501345business:AuditExempt-NoAccountantsReport2024-02-292025-02-28 10501345business:FilletedAccounts2024-02-292025-02-28 105013452025-02-28 10501345business:Director12024-02-292025-02-28 10501345business:Director22024-02-292025-02-28 10501345business:RegisteredOffice2024-02-292025-02-28 105013452024-02-28 10501345core:WithinOneYear2025-02-28 10501345core:WithinOneYear2024-02-28 10501345core:ShareCapitalcore:PreviouslyStatedAmount2025-02-28 10501345core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 10501345core:CapitalContributionReservecore:PreviouslyStatedAmount2025-02-28 10501345core:CapitalContributionReservecore:PreviouslyStatedAmount2024-02-28 10501345core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 10501345core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 10501345core:PreviouslyStatedAmount2025-02-28 10501345core:PreviouslyStatedAmount2024-02-28 10501345business:SmallEntities2024-02-292025-02-28 10501345countries:EnglandWales2024-02-292025-02-28 10501345core:ComputerEquipment2024-02-292025-02-28 10501345core:ComputerEquipment2024-02-28 10501345core:ComputerEquipment2025-02-28 105013452023-03-012024-02-28 iso4217:GBP xbrli:pure
Company Registration No. 10501345 (England and Wales)
AZTECH ADVANTAGE LTD Unaudited accounts for the period from 29 February 2024 to 28 February 2025
AZTECH ADVANTAGE LTD Unaudited accounts Contents
Page
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AZTECH ADVANTAGE LTD Company Information for the period from 29 February 2024 to 28 February 2025
Directors
Charles Jonathan Blackburn Graham Andrew Elliot
Company Number
10501345 (England and Wales)
Registered Office
3 MORE LONDON RIVERSIDE LONDON SE1 2AQ UNITED KINGDOM
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AZTECH ADVANTAGE LTD Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
58,771 
17,138 
Current assets
Debtors
2,376,594 
2,709,814 
Cash at bank and in hand
872,670 
1,241,325 
3,249,264 
3,951,139 
Creditors: amounts falling due within one year
(3,128,137)
(3,018,994)
Net current assets
121,127 
932,145 
Net assets
179,898 
949,283 
Capital and reserves
Called up share capital
75,000 
75,000 
Capital contribution reserve
85,153 
- 
Profit and loss account
19,745 
874,283 
Shareholders' funds
179,898 
949,283 
For the period ending 28 February 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by
Charles Jonathan Blackburn Director Company Registration No. 10501345
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AZTECH ADVANTAGE LTD Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
1
Statutory information
AZTECH ADVANTAGE LTD is a private company, limited by shares, registered in England and Wales, registration number 10501345. The registered office is 3 MORE LONDON RIVERSIDE, LONDON, SE1 2AQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Share-based Payments
The business has granted 501,000 equity-settled options to staff and contractors at an agreed upon value of £1 per share. These vest upon an exit event and thus have been deemed to vest over a period of four years for accounting purposes.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 29 February 2024
17,750 
Additions
62,360 
At 28 February 2025
80,110 
Depreciation
At 29 February 2024
612 
Charge for the period
20,727 
At 28 February 2025
21,339 
Net book value
At 28 February 2025
58,771 
At 28 February 2024
17,138 
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AZTECH ADVANTAGE LTD Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
267,517 
1,093,237 
Deferred tax asset
1,260,855 
1,260,855 
Accrued income and prepayments
389,918 
66,655 
Other debtors
458,304 
289,067 
2,376,594 
2,709,814 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
37,677 
164,990 
Trade creditors
215,978 
31,076 
Amounts owed to group undertakings and other participating interests
1,996,077 
1,906,374 
Taxes and social security
325,191 
231,548 
Accruals
144,010 
121,733 
Deferred income
409,204 
563,273 
3,128,137 
3,018,994 
7
Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £120,632 (2024 - £92,548). Contributions totalling £26,147 (2024 - £29,330) were payable to the fund at the reporting date and are included in other creditors.
8
Controlling party
The ultimate parent company is Azur Technology LTD, a company registered in the United Kingdom.
9
Average number of employees
During the period the average number of employees was 41 (2024: 26).
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