Company registration number 03227144 (England and Wales)
AZURA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
AZURA LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
AZURA LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,649
Tangible assets
4
88,370
114,548
90,019
114,548
Current assets
Stocks
5,000
5,000
Debtors
635,879
303,820
Cash at bank and in hand
10,242
28,789
651,121
337,609
Creditors: amounts falling due within one year
(682,810)
(343,119)
Net current liabilities
(31,689)
(5,510)
Total assets less current liabilities
58,330
109,038
Creditors: amounts falling due after more than one year
(32,039)
(83,198)
Provisions for liabilities
(22,093)
(21,763)
Net assets
4,198
4,077
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
4,188
4,067
Total equity
4,198
4,077
The notes on pages 3 to 6 form part of these financial statements.
AZURA LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
For the financial year ended 30 November 2024 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The financial statements were approved and signed by the director and authorised for issue on 28 August 2025
Mr R J White
Director
Company registration number 03227144 (England and Wales)
AZURA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information
Azura Limited is a private company limited by shares incorporated in England and Wales. The registered office is TBAC Business Centre, Avenue 4, Station Lane, Witney, Oxfordshire, OX28 4BN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.
1.3
Intangible fixed assets other than goodwill
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Development costs
20% on cost
1.4
Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Motor vehicles
25% on reducing balance
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Costs include all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.
AZURA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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 statement of financial position date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
1.7
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
19
15
AZURA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
3
Intangible fixed assets
Total
£
Cost
At 1 December 2023
Additions
1,799
At 30 November 2024
1,799
Amortisation and impairment
At 1 December 2023
Amortisation charged for the year
150
At 30 November 2024
150
Carrying amount
At 30 November 2024
1,649
At 30 November 2023
4
Tangible fixed assets
Total
£
Cost
At 1 December 2023
293,782
Additions
2,655
At 30 November 2024
296,437
Depreciation and impairment
At 1 December 2023
179,234
Depreciation charged in the year
28,833
At 30 November 2024
208,067
Carrying amount
At 30 November 2024
88,370
At 30 November 2023
114,548
AZURA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 6 -
5
Secured debts
The following secured debts are included within creditors:
HSBC Invoice Finance £281,833 (2023: £55,259)
Hire Purchase Contracts £63,289 (2023: £103,534)
The HSBC invoice finance agreement is secured by a fixed charge over debtors and a floating charge over all assets.
Hire purchase contracts are secured against the assets to which it relates.
6
Directors' transactions
The following advances and credits to a director subsisted during the year ended 30 November 2024:
Loans
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr R J White -
-
(13,687)
85,500
(187,456)
(115,643)
(13,687)
85,500
(187,456)
(115,643)