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
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
AZTECH ADVANTAGE LTD
Statement of financial position
as at 28 February 2025
Tangible assets
58,771
17,138
Debtors
2,376,594
2,709,814
Cash at bank and in hand
872,670
1,241,325
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
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
AZTECH ADVANTAGE LTD
Notes to the Accounts
for the period from 29 February 2024 to 28 February 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 29 February 2024
17,750
At 28 February 2025
80,110
Charge for the period
20,727
At 28 February 2025
21,339
At 28 February 2025
58,771
At 28 February 2024
17,138
AZTECH ADVANTAGE LTD
Notes to the Accounts
for the period from 29 February 2024 to 28 February 2025
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
6
Creditors: amounts falling due within one year
2025
2024
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
Deferred income
409,204
563,273
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.
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).