6 December 2020 false No description of principal activity Taxfiler 2022.8.3 13065625business:PrivateLimitedCompanyLtd2020-12-062021-12-31 130656252020-12-05 130656252020-12-062021-12-31 13065625business:AuditExemptWithAccountantsReport2020-12-062021-12-31 13065625business:FullAccounts2020-12-062021-12-31 130656252021-12-31 13065625core:WithinOneYear2021-12-31 13065625core:ShareCapital2021-12-31 13065625core:RetainedEarningsAccumulatedLosses2021-12-31 13065625business:SmallEntities2020-12-062021-12-31 13065625business:Director12020-12-062021-12-31 13065625countries:EnglandWales2020-12-062021-12-31 13065625business:RegisteredOffice2020-12-062021-12-31 13065625core:PlantMachinery2020-12-062021-12-31 13065625core:FurnitureFittings2020-12-062021-12-31 13065625core:ComputerEquipment2020-12-062021-12-31 13065625core:PlantMachinery2020-12-05 13065625core:FurnitureFittings2020-12-05 13065625core:ComputerEquipment2020-12-05 13065625core:PlantMachinery2021-12-31 13065625core:FurnitureFittings2021-12-31 13065625core:ComputerEquipment2021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 13065625 (England and Wales)
The Axe Club Ltd Unaudited accounts for the period from 6 December 2020 to 31 December 2021
The Axe Club Ltd Statement of financial position as at 31 December 2021
2021 
Notes
£ 
Fixed assets
Tangible assets
37,307 
Current assets
Debtors
1,749 
Cash at bank and in hand
1,767 
3,516 
Creditors: amounts falling due within one year
(46,009)
Net current liabilities
(42,493)
Net liabilities
(5,186)
Capital and reserves
Called up share capital
2 
Profit and loss account
(5,188)
Shareholders' funds
(5,186)
For the period ending 31 December 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2022 and were signed on its behalf by
Visar Durmishi Director Company Registration No. 13065625
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The Axe Club Ltd Notes to the Accounts for the period from 6 December 2020 to 31 December 2021
1
Statutory information
The Axe Club Ltd is a private company, limited by shares, registered in England and Wales, registration number 13065625. The registered office is Unit 4, 29 Chalk Farm Road, London, NW1 8AJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years
Fixtures & fittings
5 years
Computer equipment
5 years
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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The Axe Club Ltd Notes to the Accounts for the period from 6 December 2020 to 31 December 2021
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 6 December 2020
- 
- 
- 
- 
Additions
25,170 
17,090 
4,374 
46,634 
At 31 December 2021
25,170 
17,090 
4,374 
46,634 
Depreciation
Charge for the period
5,034 
3,418 
875 
9,327 
At 31 December 2021
5,034 
3,418 
875 
9,327 
Net book value
At 31 December 2021
20,136 
13,672 
3,499 
37,307 
5
Debtors: amounts falling due within one year
2021 
£ 
Other debtors
1,749 
6
Creditors: amounts falling due within one year
2021 
£ 
Trade creditors
349 
Loans from directors
45,660 
46,009 
7
Average number of employees
During the period the average number of employees was 4.
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