Registered number: 10430400 | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
Prepared By: | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
AXENT BROKERS LTD | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
WEST MIDLANDS | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 10430400 | ||||||||
BANKERS | ||||||||
LLOYDS BANK PLC | ||||||||
ACCOUNTANTS | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
AXENT BROKERS LTD | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
AXENT BROKERS LTD | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
86,313 | 49,997 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT LIABILITIES | ( | (14,919) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | ( | ||||||||
CREDITORS: Amounts falling due after more than one year | 5 | 44,068 | 44,000 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | (49,334) | (54,866) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
AXENT BROKERS LTD | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
The company is in a net liabiilty of £ 49,234 as at 31 March 2023. The director has been introducing funds into the company throughout the year to 31 March 2023. The director will continue to support the company for at least twelve months from the date that the balance sheet was signed. As such the financial statements have been prepared on the going concern basis. |
1c. Depreciation | ||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. | ||||||||
Fixtures And Fittings | straight line10% | |||||||
Equipment | straight line10% |
1d. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
1e. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts, derived from ordinary activities. |
AXENT BROKERS LTD | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||
Fixtures | ||||||
and Fittings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/04/2022 | 1,040 | 7,403 | 8,443 | |||
Disposals | - | (440) | (440) | |||
At 31/03/2023 | 1,040 | 6,963 | 8,003 | |||
Depreciation | ||||||
At 01/04/2022 | 600 | 3,360 | 3,960 | |||
Disposals | - | (440) | (440) | |||
For the year | 100 | 700 | 800 | |||
At 31/03/2023 | 700 | 3,620 | 4,320 | |||
Net Book Amounts | ||||||
At 31/03/2023 | 3,683 | |||||
At 31/03/2022 | 4,483 | |||||
3. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 53,717 | 34,444 | ||||||
PAYE control | 3,744 | 3,444 | ||||||
Prepayments | 4,151 | 5,425 | ||||||
61,612 | 43,313 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 4,597 | 4,592 | ||||||
Salaries and wages control | 1 | - | ||||||
Directors current account | 7,282 | 10,607 | ||||||
Bank loans and overdrafts | 7,023 | 9,233 | ||||||
Trade creditors | 63,967 | 29,328 | ||||||
Other creditors | 6,266 | 6,266 | ||||||
Accruals | 5,855 | 4,890 | ||||||
94,991 | 64,916 | |||||||
AXENT BROKERS LTD | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Lloyds Bank plc - Bounce back loans >1yr | 44,068 | 44,000 | ||||||
44,068 | 44,000 | |||||||
6. EMPLOYEES | ||||||||
2023 | 2022 | |||||||
No. | No. | |||||||
Average number of employees | 4 | |||||||
Key management personnel is restricted to that of the director. | ||||||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 171 | 330 | ||||||
171 | 330 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
9. CONTROLLING PARTY | ||||||||
The company is wholly owned by the director Mr R P Ward. | ||||||||
AXENT BROKERS LTD | ||||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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11. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY | ||||||||
The company is principally involved as an agency for wholesale underwriting, all of which is carried out within the United Kingdom. | ||||||||
12. GENERAL INFORMATION | ||||||||
Axent Brokers Limited is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT. | ||||||||
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company. | ||||||||