10430400falsewholesale insurance2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10430400

AXENT BROKERS LTD

ACCOUNTS
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
ROBIN PHILLIP WARD
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
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 Sheet3
Notes To The Accounts4
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 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets23,6834,483
CURRENT ASSETS
Debtors361,61243,313
Cash at bank and in hand24,7016,684
86,31349,997
CREDITORS: Amounts falling due within one year494,99164,916
NET CURRENT LIABILITIES(8,678)(14,919)
TOTAL ASSETS LESS CURRENT LIABILITIES(4,995)(10,436)
CREDITORS: Amounts falling due after more than one year544,06844,000
PROVISIONS FOR LIABILITIES AND CHARGES7171330
NET LIABILITIES(49,234)(54,766)
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account(49,334)(54,866)
SHAREHOLDERS' FUNDS(49,234)(54,766)
For the year ending 31/03/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/09/2023 and signed on their behalf by
.............................
ROBIN PHILLIP WARD
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
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
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 Fittingsstraight line10%
Equipmentstraight 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 FittingsEquipmentTotal
£££
Cost
At 01/04/20221,0407,4038,443
Disposals-(440)(440)
At 31/03/20231,0406,9638,003
Depreciation
At 01/04/20226003,3603,960
Disposals-(440)(440)
For the year100700800
At 31/03/20237003,6204,320
Net Book Amounts
At 31/03/20233403,3433,683
At 31/03/20224404,0434,483
3. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors53,71734,444
PAYE control3,7443,444
Prepayments4,1515,425
61,61243,313
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax4,5974,592
Salaries and wages control1-
Directors current account7,28210,607
Bank loans and overdrafts7,0239,233
Trade creditors63,96729,328
Other creditors6,2666,266
Accruals5,8554,890
94,99164,916

AXENT BROKERS LTD

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Lloyds Bank plc - Bounce back loans >1yr44,06844,000
44,06844,000
6. EMPLOYEES
20232022
No.No.
Average number of employees44
Key management personnel is restricted to that of the director.
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation171330
171330
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. CONTROLLING PARTY
The company is wholly owned by the director Mr R P Ward.

AXENT BROKERS LTD

10. RELATED PARTY TRANSACTIONS
The director received a dividend of £ nil in the year to 31 March 2023 (2022 - £ nil).
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.