Registered number
10595450
Azzotech Limited
Unaudited Filleted Accounts
28 February 2025
Azzotech Limited
Registered number: 10595450
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 507,080 468,478
Current assets
Stocks 12,000 12,000
Debtors 4 132,958 81,773
Cash at bank and in hand 182,307 148,421
327,265 242,194
Creditors: amounts falling due within one year 5 (170,297) (129,971)
Net current assets 156,968 112,223
Total assets less current liabilities 664,048 580,701
Creditors: amounts falling due after more than one year 6 (57,757) (145,555)
Provisions for liabilities (24,828) (19,570)
Net assets 581,463 415,576
Capital and reserves
Called up share capital 100 100
Profit and loss account 581,363 415,476
Shareholders' funds 581,463 415,576
Average number of employees 4 4
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Neil Thomson
Director
Approved by the board on 22 May 2025
Azzotech Limited
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2024 412,097 61,271 141,648 615,016
Additions - - 55,292 55,292
At 28 February 2025 412,097 61,271 196,940 670,308
Depreciation
At 1 March 2024 6,252 55,770 84,516 146,538
Charge for the year 4,164 1,100 11,426 16,690
At 28 February 2025 10,416 56,870 95,942 163,228
Net book value
At 28 February 2025 401,681 4,401 100,998 507,080
At 29 February 2024 405,845 5,501 57,132 468,478
4 Debtors 2025 2024
£ £
Trade debtors 132,958 81,773
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 21,894 36,035
Trade creditors 40,428 33,386
VAT 4,610 6,357
Taxation and social security costs 63,909 33,481
Other creditors 39,456 20,712
170,297 129,971
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 51,470 139,268
Other creditors 6,287 6,287
57,757 145,555
7 Other information
Azzotech Limited is a private company limited by shares and incorporated in England. Its registered office is:
Orchard Farm House
Sheringham Road,
West Beckham,
Holt, Norfolk,
NR25 6PE
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