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REGISTERED NUMBER: 06846859 (England and Wales)









Financial Statements for the Year Ended 31st March 2023

for

Axioworks Limited

Axioworks Limited (Registered number: 06846859)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Axioworks Limited

Company Information
for the Year Ended 31st March 2023







Directors: F Marcolini
Mrs L Sabang





Registered office: 7 Bell Yard
London
WC2A 2JR





Registered number: 06846859 (England and Wales)





Accountants: Vitta Advisory Limited
54 Newberries Avenue
Radlett
WD7 7EP

Axioworks Limited (Registered number: 06846859)

Balance Sheet
31st March 2023

31/3/23 31/3/22
Notes £    £   
Fixed assets
Property, plant and equipment 4 3,102 2,945

Current assets
Debtors 5 10,002 6,709
Cash at bank and in hand 116,408 118,416
126,410 125,125
Creditors
Amounts falling due within one year 6 (104,840 ) (93,635 )
Net current assets 21,570 31,490
Total assets less current liabilities 24,672 34,435

Creditors
Amounts falling due after more than one
year

7

(21,486

)

(28,940

)
Net assets 3,186 5,495

Capital and reserves
Called up share capital 300 300
Retained earnings 2,886 5,195
3,186 5,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

Axioworks Limited (Registered number: 06846859)

Balance Sheet - continued
31st March 2023


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 and authorised for issue on 29th September 2023 and were signed on its behalf by:





F Marcolini - Director


Axioworks Limited (Registered number: 06846859)

Notes to the Financial Statements
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

Axioworks Limited (Registered number: 06846859)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2022 520 8,653 9,173
Additions - 1,069 1,069
At 31st March 2023 520 9,722 10,242
DEPRECIATION
At 1st April 2022 385 5,843 6,228
Charge for year 33 879 912
At 31st March 2023 418 6,722 7,140
NET BOOK VALUE
At 31st March 2023 102 3,000 3,102
At 31st March 2022 135 2,810 2,945

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 8,141 6,060
Other debtors 1,861 649
10,002 6,709

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 7,469 7,284
Trade creditors 1,073 308
Taxation and social security 4,808 13,513
Other creditors 91,490 72,530
104,840 93,635

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 21,486 28,940