Azure Associates GRP Ltd - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements for the Year Ended 31 December 2021

for

AZURE ASSOCIATES GRP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G J Haycock-West

SECRETARY:

C J Core

REGISTERED OFFICE:

Fairway House

Portland Road

East Grinstead

West Sussex

RH19 4ET

REGISTERED NUMBER:

08801291 (England and Wales)

ACCOUNTANTS:

Yardley & Co

Chartered Accountants

48 Leigh Road

Leigh on Sea

Essex

SS9 1LF

CURRENT ASSETS

Debtors

4

56,683

56,804

Cash at bank

977

12

57,660

56,816

CREDITORS

Amounts falling due within one year

5

26,178

20,204

NET CURRENT ASSETS

31,482

36,612

TOTAL ASSETS LESS CURRENT LIABILITIES

31,482

36,612

CREDITORS

Amounts falling due after more than one year

6

40,301

45,000

NET LIABILITIES

(8,819

)

(8,388

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(8,820

)

(8,389

)

SHAREHOLDERS' FUNDS

(8,819

)

(8,388

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 December 2022 and were signed by:

G J Haycock-West - Director

1.	STATUTORY INFORMATION

Azure Associates GRP Ltd is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Other debtors

56,683

56,804

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

5,000

5,000

Taxation and social security

13,932

13,932

Other creditors

7,246

1,272

26,178

20,204

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans

40,301

45,000

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

31.12.21

31.12.20

£

£

G J Haycock-West

Balance outstanding at start of year

42,867

-

Amounts advanced

-

43,080

Amounts repaid

(116

)

(213

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

42,751

42,867

8.	RELATED PARTY DISCLOSURES

At 31 December 2021, Azure Associates GRP Ltd owed £97 to Blue Cube Security Holdings Ltd and £5,824 to Blue Cube Security Ltd.

9.	ULTIMATE CONTROLLING PARTY

The company was throughout the period under the control of Gary Haycock-West who is the sole director and shareholder.