Azteq Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04385339

Financial Statements

FOR THE PERIOD

1 April 2018 to 30 September 2019

for

AZTEQ SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G T Harris

Mr T R A Barber

REGISTERED OFFICE:

Unit C2A, Comet Studios

De Havilland Court

Penn Street

Amersham

Buckinghamshire

HP15 7TZ

REGISTERED NUMBER:

04385339

FIXED ASSETS

Tangible assets

3

5,461

7,187

CURRENT ASSETS

Stocks

9,319

12,471

Debtors

4

434,082

455,123

Cash at bank

57,813

202,818

501,214

670,412

CREDITORS

Amounts falling due within one year

5

198,077

398,663

NET CURRENT ASSETS

303,137

271,749

TOTAL ASSETS LESS CURRENT LIABILITIES

308,598

278,936

CAPITAL AND RESERVES

Called up share capital

32

64

Other reserves

(187,470

)

(167,470

)

Retained earnings

496,036

446,342

SHAREHOLDERS' FUNDS

308,598

278,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 December 2019 and were signed on its behalf by:

Mr G T Harris - Director

1.	STATUTORY INFORMATION

Azteq Solutions Limited is a private company, limited by shares , registered in Not

specified/Other. The company's registered number and registered office address can be

found on the Company Information page.

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.

The financial statements have been prepared under the historical cost convention and in

accordance with Financial Reporting Standard 102 ("FRS 102"), the financial reporting

standard applicable in the United Kingdom and the Republic of Ireland and the Companies

Act 2006.

This is the first time the company has adopted FRS 102 and no adjustments were required

to comparative period:

The Directors have assessed the company's ability to continue in operational existence for

the foreseeable future in accordance with the FRC (going concern and liquidity risk

guidance (October 2009). Therefore it is considered appropriate to prepare the financial

statements on a going concern basis.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

33% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

40% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, 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 period 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.

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.

Going concern

The directors review the on going working capital of the company to ensure that there are

sufficient resources to meet its financial liabilities to continue trading in the foreseeable

future.

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2018

1,506

25,544

38,482

99,941

165,473

Additions

-

-

2,500

-

2,500

Disposals

-

-

(2,500

)

-

(2,500

)

At 30 September 2019

1,506

25,544

38,482

99,941

165,473

DEPRECIATION

At 1 April 2018

1,506

25,544

31,295

99,941

158,286

Charge for period

-

-

1,726

-

1,726

At 30 September 2019

1,506

25,544

33,021

99,941

160,012

NET BOOK VALUE

At 30 September 2019

-

-

5,461

-

5,461

At 31 March 2018

-

-

7,187

-

7,187

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/19

31/3/18

£

£

Trade debtors

354,514

401,870

Other debtors

29,231

9,175

Directors' current accounts

2

20,776

Prepayments and accrued income

6,648

-

Prepayments

43,687

23,302

434,082

455,123

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/19

31/3/18

£

£

Trade creditors

121,320

228,217

Tax

-

(47

)

Social security and other taxes

27,217

65,434

VAT

49,540

103,973

Directors' current accounts

-

1,086

198,077

398,663