Company Registration No. 06350046 (England and Wales)
AZO CONSULTING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
AZO CONSULTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AZO CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
584
779
Current assets
Debtors
23,175
36,944
Cash at bank and in hand
10,018
9,668
33,193
46,612
Creditors: amounts falling due within one year
(32,833)
(46,233)
Net current assets
360
379
Total assets less current liabilities
944
1,158
Capital and reserves
Called up share capital
3
101
101
Other reserves
1
1
Profit and loss account
842
1,056
Shareholders' funds
944
1,158
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 May 2017
Mr Derek Greene
Director
Company Registration No. 06350046
AZO CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015 & at 31 August 2016
2,021
Depreciation
At 1 September 2015
1,242
Charge for the year
195
At 31 August 2016
1,437
Net book value
At 31 August 2016
584
At 31 August 2015
779
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
101 Ordinary shares of £1 each
101
101
AZO CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
4
Ultimate parent company
The ultimate controlling party is Mr Derek Greene.
At the year end, the director owed £
18,518
(201
5
: £1
9
,
386
) to the company. Interest was charged at
3
% per annum on the outstanding balance.