Azur Developments Ltd - Period Ending 2016-06-30

Registration number: 09101150

Azur Developments Ltd

Unaudited Abbreviated Accounts
 
for the Year Ended 30 June 2016

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

Azur Developments Ltd

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Azur Developments Ltd
for the Year Ended 30 June 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Azur Developments Ltd for the year ended 30 June 2016 set out on pages 2 to 3 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Azur Developments Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Azur Developments Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Azur Developments Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Azur Developments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Azur Developments Ltd. You consider that Azur Developments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Azur Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

27 March 2017

Page 1

Azur Developments Ltd

(Registration number: 09101150)
Abbreviated Balance Sheet as at 30 June 2016

	Note	30 June 2016  £	30 June 2015  £
Current assets
Stocks		1,071,995	76,621
Debtors	2	46,336	5,070
Cash at bank and in hand		4,687	32,022
		1,123,018	113,713
Creditors: Amounts falling due within one year		(1,149,917)	(117,485)
Net liabilities		(26,899)	(3,772)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(26,999)	(3,872)
Shareholders' deficit		(26,899)	(3,772)

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 March 2017 and signed on its behalf by:

.........................................
Mr Ian Kenneth Sexton
Director

The notes on page 3 form an integral part of these financial statements.

Page 2

Azur Developments Ltd

Notes to the Abbreviated Accounts

1	Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2

Debtors

Debtors includes £ (2015 - £Nil) receivable after more than one year.

3	Share capital

Allotted, called up and fully paid shares

	30 June 2016		30 June 2015
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

4	Related party transactions

Transactions with directors

Other transactions with directors During the year the company made sales of £19,864 to its directors.

5

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 3