Azdio Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06423327

Azdio Limited

Filleted Unaudited Financial Statements

30 April 2025

Azdio Limited

Financial Statements

Year ended 30 April 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Azdio Limited

Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		182,045	191,088

Current assets

Stocks		82,711	–
Debtors	6	1,320,949	934,027
Cash at bank and in hand		1,138,399	1,530,597
		------------	------------
		2,542,059	2,464,624

Creditors: amounts falling due within one year	7	1,515,016		774,436
		------------		------------
Net current assets			1,027,043	1,690,188
			------------	------------
Total assets less current liabilities			1,209,088	1,881,276

Provisions	22,646	7,430
	------------	------------
Net assets	1,186,442	1,873,846
	------------	------------

Capital and reserves

Called up share capital	3	3
Profit and loss account	1,186,439	1,873,843
	------------	------------
Shareholders funds	1,186,442	1,873,846
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Azdio Limited

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 13 October 2025 , and are signed on behalf of the board by:

Ms D M Barton	Dr A Ghassem Zadeh
Director	Director

Company registration number: 06423327

Azdio Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Glendale House, Manor Road, Penn, High Wycombe, Buckinghamshire, HP10 8JA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	50 year straight line and 7 year straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	33% reducing balance
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Leasehold property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 May 2024	235,909	120,879	123,197	27,303	507,288
Additions	–	518	84,435	982	85,935
Disposals	–	( 24,403)	( 67,979)	( 10,727)	( 103,109)
	---------	---------	---------	--------	---------
At 30 April 2025	235,909	96,994	139,653	17,558	490,114
	---------	---------	---------	--------	---------
Depreciation
At 1 May 2024	111,668	119,332	66,162	19,038	316,200
Charge for the year	33,701	785	29,310	4,081	67,877
Disposals	–	( 24,403)	( 40,878)	( 10,727)	( 76,008)
	---------	---------	---------	--------	---------
At 30 April 2025	145,369	95,714	54,594	12,392	308,069
	---------	---------	---------	--------	---------
Carrying amount
At 30 April 2025	90,540	1,280	85,059	5,166	182,045
	---------	---------	---------	--------	---------
At 30 April 2024	124,241	1,547	57,035	8,265	191,088
	---------	---------	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	920,844	684,004
Other debtors	400,105	250,023
	------------	---------
	1,320,949	934,027
	------------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	158,072	142,375
Amounts owed to group undertakings and undertakings in which the company has a participating interest	743,874	341,560
Corporation tax	13,072	29,586
Social security and other taxes	1,098	57,741
Other creditors	598,900	203,174
	------------	---------
	1,515,016	774,436
	------------	---------

8. Related party transactions

At the year end the company owed the directors £12,543 (2024: £24,708). At the year end the company owed £743,874 (2024: £341,560) to a group company.

9. Controlling party

The parent company is Azdio Holdings Limited who own 100% of the share capital. The address of Azdio Holdings Limited is No. 3, 3 Kensington Square, London, United Kingdom, W8 5EP . There is no single controlling party of Azdio Holdings Limited.