Registered number
11186227
Axiom Supported Living Limited
Unaudited Filleted Accounts
31 March 2023
Axiom Supported Living Limited
Registered number: 11186227
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 489,753 524,396
Current assets
Debtors 3 155,719 291,535
Cash at bank and in hand 1,275,225 651,775
Account No. 2 1,080 679
1,432,024 943,989
Creditors: amounts falling due within one year 4 (151,859) (146,883)
Net current assets 1,280,165 797,106
Total assets less current liabilities 1,769,918 1,321,502
Creditors: amounts falling due after more than one year 5 (247,904) (269,233)
Net assets 1,522,014 1,052,269
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,521,914 1,052,169
Shareholder's funds 1,522,014 1,052,269
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has been delivered to the Registrar of Companies.
Mr P K Manaktala
Director
Approved by the board on 25 October 2023
Axiom Supported Living Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
Turnover
Turnover represents care and support provided in the period, recognised according to the period of care provided.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Premises costs 4% reducing balance basis
Equipment, fixtures and fittings 20% reducing balance basis
Motor vehicles 20% reducing balance basis
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 12 11
2 Tangible fixed assets
Premises costs Equipment, fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 512,407 159,468 11,900 683,775
At 31 March 2023 512,407 159,468 11,900 683,775
Depreciation
At 1 April 2022 73,435 79,756 6,188 159,379
Charge for the year 17,559 15,942 1,142 34,643
At 31 March 2023 90,994 95,698 7,330 194,022
Net book value
At 31 March 2023 421,413 63,770 4,570 489,753
At 31 March 2022 438,972 79,712 5,712 524,396
3 Debtors 2023 2022
£ £
Trade debtors 155,719 291,535
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 30,601 30,601
Related party balances 5,510 5,510
Corporation tax 115,748 110,308
Other taxes and social security costs - 464
151,859 146,883
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 247,904 269,233
6 Related party transactions 2023 2022
£ £
Blue Mountain Homes Ltd.
Mr P K Manaktala and Mr S J R Manaktala, directors of this company, are also directors of Blue Mountain Homes Ltd.
Amount due to the related party 5,510 5,510
7 Controlling party
The company is controlled by Blue Mountain Homes Ltd.
8 Other information
Axiom Supported Living Limited is a private company limited by shares and incorporated in England. Its registered office is:
17 Leeland Mansions
Leeland Road
West Ealing
London
W13 9HE
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