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Company Registration No. 02153801 (England and Wales)
Axis Business Consultants Limited Unaudited accounts for the year ended 30 June 2023
Axis Business Consultants Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Axis Business Consultants Limited Company Information for the year ended 30 June 2023
Directors
David Thomas Hullah Lynne Hullah
Secretary
David Thomas Hullah
Company Number
02153801 (England and Wales)
Registered Office
13 Nidd Approach Wetherby West Yorkshire LS22 7UJ England
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Axis Business Consultants Limited Statement of financial position as at 30 June 2023
2023
2022
Notes
£
£
Fixed assets
Tangible assets
4
768
323
Current assets
Debtors
5
3,036
1,342
Cash at bank and in hand
405,636
399,434
408,672
400,776
Creditors: amounts falling due within one year
6
(135,053)
(130,519)
Net current assets
273,619
270,257
Total assets less current liabilities
274,387
270,580
Provisions for liabilities
Deferred tax
7
(146)
(61)
Net assets
274,241
270,519
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
274,239
270,517
Shareholders' funds
274,241
270,519
For the year ending 30 June 2023 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 4 October 2023 and were signed on its behalf by
David Thomas Hullah Director Company Registration No. 02153801
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Axis Business Consultants Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Axis Business Consultants Limited is a private company, limited by shares, registered in England and Wales, registration number 02153801. The registered office is 13 Nidd Approach, Wetherby, West Yorkshire, LS22 7UJ, England.
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 remained unchanged from the previous year, and also 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.
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:
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Axis Business Consultants Limited Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 July 2022
6,615
Additions
666
At 30 June 2023
7,281
Depreciation
At 1 July 2022
6,292
Charge for the year
221
At 30 June 2023
6,513
Net book value
At 30 June 2023
768
At 30 June 2022
323
5
Debtors
2023
2022
£
£
Amounts falling due within one year
Trade debtors
74
149
Accrued income and prepayments
2,962
1,193
3,036
1,342
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
176
176
Taxes and social security
1,144
328
Loans from directors
130,443
126,575
Accruals
3,290
3,440
135,053
130,519
7
Deferred taxation
2023
2022
£
£
Accelerated capital allowances
146
61
2023
2022
£
£
Provision at start of year
61
95
Charged/(credited) to the profit and loss account
85
(34)
Provision at end of year
146
61
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Axis Business Consultants Limited Notes to the Accounts for the year ended 30 June 2023
8
Share capital
2023
2022
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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