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Registration number: 14292256

Azar Fire Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Azar Fire Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Azar Fire Ltd

Company Information

Directors | Mr Liam Ashley Bee Mr Lee James Hodgkins

Registered office | 13 Rivehall Avenue Welton Lincoln Lincolnshire LN2 3LH

Bankers | Monzo

Accountants | Flexibility Professional Services (UK) Ltd Cherry Tree Court 36 Ferensway Hull East Yorkshire HU2 8NH

Azar Fire Ltd

(Registration number: 14292256)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,452 | 3,065
Current assets |  |  |
Stocks | 5 | 15,000 | 15,000
Debtors | 6 | 89,338 | 110,551
Cash at bank and in hand |  | 717 | -
|  | 105,055 | 125,551
Creditors: Amounts falling due within one year | 7 | (188,726) | (138,203)
Net current liabilities |  | (83,671) | (12,652)
Net liabilities |  | (81,219) | (9,587)
Capital and reserves |  |  |
Called up share capital | 8 | 3 | 3
Retained earnings |  | (81,222) | (9,590)
Shareholders' deficit |  | (81,219) | (9,587)

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 March 2026 and signed on its behalf by:

Azar Fire Ltd

(Registration number: 14292256)
Balance Sheet as at 31 March 2025

......................................... Mr Liam Ashley Bee Director
......................................... Mr Lee James Hodgkins Director

Azar Fire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
13 Rivehall Avenue
Welton
Lincoln
Lincolnshire
LN2 3LH
United Kingdom

These financial statements were authorised for issue by the Board on 19 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Contract revenue recognition

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when costs incurred and costs to complete can be reliably estimated. The stage of completion is calculated by comparing costs incurred in relation to contractual hourly labour rates and materials as a proportion of total costs. Where the outcome cannot be reliably estimated, revenue is recognised only to the extent of the expenses that are recoverable.

Azar Fire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Government grants

Government grants are charged to the Profit and Loss account on accrual basis unless they are connected to an asset purchase in which case they amortised over the life of the asset. Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | Reducing balance @ 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Azar Fire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

Azar Fire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 April 2024 | 3,116 | 3,116
At 31 March 2025 | 3,116 | 3,116
Depreciation
At 1 April 2024 | 51 | 51
Charge for the year | 613 | 613
At 31 March 2025 | 664 | 664
Carrying amount
At 31 March 2025 | 2,452 | 2,452
At 31 March 2024 | 3,065 | 3,065

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 15,000 | 15,000

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 48,241 | 67,939
Other debtors | 41,097 | 42,612
| 89,338 | 110,551

Azar Fire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 49,659 | 70,969
Trade creditors |  | 600 | 43,059
Taxation and social security |  | 61,367 | 2,524
Accruals and deferred income |  | - | 813
Other creditors |  | 77,100 | 20,838
|  | 188,726 | 138,203

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary £1 of £1 each | 3 | 3 | 3 | 3

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | - | 2,389
Other borrowings | 49,659 | 68,580
| 49,659 | 70,969

Azar Fire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10 | Related party transactions

Summary of transactions with other related parties

Castle Consulting Associates Ltd Loan capital provided by related party. Liam Bee holds a financial interest in the related party.
No security or any repayments terms provided.

Loans from related parties

2025 | Key management £ | Other related parties £ | Total £
At start of period | 68,580 | 20,838 | 89,418
Advanced | - | 56,262 | 56,262
Repaid | (18,921) | - | (18,921)
At end of period | 49,659 | 77,100 | 126,759

2024 | Key management £ | Other related parties £ | Total £
At start of period | 20,047 | - | 20,047
Advanced | 48,533 | 20,838 | 69,371
At end of period | 68,580 | 20,838 | 89,418

Terms of loans from related parties

Directors loan account balances:
1, Liam Bee - £33,659
2, Lee Hodgkins £16,000
Unsecured loan capital provided with no repayment terms and 0% interest.