REGISTERED NUMBER: 07992821 (England and Wales)

Financial Statements

for the Year Ended 30 June 2025

for

AZoNetwork UK Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

5

679,195

607,777

Tangible assets

6

35,215

30,457

714,410

638,234

CURRENT ASSETS

Debtors

7

931,018

1,076,944

Cash at bank and in hand

1,339,938

1,611,970

2,270,956

2,688,914

CREDITORS

Amounts falling due within one year

8

956,231

1,110,800

NET CURRENT ASSETS

1,314,725

1,578,114

TOTAL ASSETS LESS CURRENT LIABILITIES

2,029,135

2,216,348

PROVISIONS FOR LIABILITIES

8,804

7,615

NET ASSETS

2,020,331

2,208,733

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,020,231

2,208,633

SHAREHOLDERS' FUNDS

2,020,331

2,208,733

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

Mr A Coveney - Director

1.	STATUTORY INFORMATION

AZoNetwork UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07992821

Registered office:

Neo

4th Floor

9 Charlotte Street

Manchester

Greater Manchester

M1 4ET

The presentation currency of the financial statements is the Pound Sterling (£).

AZoNetwork UK Ltd is a subsidiary of AZoM.com Limited, a company registered in New South Wales, Australia.

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 represents net invoiced sales of services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover includes the element of work completed but not yet invoiced.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 5 years

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% reducing balance & 20% straight line

Computer equipment

-

15% on reducing balance and Straight line over 3 years

Tangible fixed assets are stated at cost net of depreciation and any provision for impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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 43 (2024 - 46 ) .

4.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

10,950

7,500

5.	INTANGIBLE FIXED ASSETS

Website

development

£

COST

At 1 July 2024

919,447

Additions

167,511

At 30 June 2025

1,086,958

AMORTISATION

At 1 July 2024

311,670

Amortisation for year

96,093

At 30 June 2025

407,763

NET BOOK VALUE

At 30 June 2025

679,195

At 30 June 2024

607,777

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

24,313

1,053

41,669

171,162

238,197

Additions

-

-

-

19,632

19,632

Disposals

-

-

-

(2,940

)

(2,940

)

At 30 June 2025

24,313

1,053

41,669

187,854

254,889

DEPRECIATION

At 1 July 2024

24,313

730

38,538

144,159

207,740

Charge for year

-

48

761

14,065

14,874

Eliminated on disposal

-

-

-

(2,940

)

(2,940

)

At 30 June 2025

24,313

778

39,299

155,284

219,674

NET BOOK VALUE

At 30 June 2025

-

275

2,370

32,570

35,215

At 30 June 2024

-

323

3,131

27,003

30,457

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

773,117

895,047

Other debtors

157,901

181,897

931,018

1,076,944

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

158,305

198,771

Amounts owed to group undertakings

231,988

364,500

Taxation and social security

89,763

104,660

Other creditors

476,175

442,869

956,231

1,110,800

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Bostock BA(Hons) BFP FCA (Senior Statutory Auditor)

for and on behalf of Thompson Wright (Audit) Limited

10.	FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £135,456 (2024: £225,760). This financial commitment represents the total amount of payments remaining on a lease ending in 2027.

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is AZoM.com Limited, a company incorporated in Australia. Copies of the consolidated financial statements of the Group, in which the company is included, are available from its registered office: Suite 24, 90 Mona Vale Road, Warriewood, Sydney, New South Wales, 2102, Australia.