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REGISTERED NUMBER: 07124525 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

AXIS EQUIPMENT LIMITED

AXIS EQUIPMENT LIMITED (REGISTERED NUMBER: 07124525)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AXIS EQUIPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: D V Khanna





REGISTERED OFFICE: Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA





REGISTERED NUMBER: 07124525 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

AXIS EQUIPMENT LIMITED (REGISTERED NUMBER: 07124525)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 3,922 3,922
Debtors 5 3,298 3,298
Cash at bank and in hand 788 4,191
8,008 11,411
CREDITORS
Amounts falling due within one year 6 35,692 36,693
NET CURRENT LIABILITIES (27,684 ) (25,282 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,684 ) (25,282 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (27,685 ) (25,283 )
SHAREHOLDERS' FUNDS (27,684 ) (25,282 )

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 director acknowledges his 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.

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 director and authorised for issue on 6th November 2023 and were signed by:





D V Khanna - Director


AXIS EQUIPMENT LIMITED (REGISTERED NUMBER: 07124525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Axis Equipment 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.

The accounts have been prepared on a going concern basis. Current liabilities continue to exceed current assets. The director will continue to support the company financially in order that liabilities are met as and when they fall due thus making the going concern basis appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2022
and 31st March 2023 2,499
DEPRECIATION
At 1st April 2022
and 31st March 2023 2,499
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

AXIS EQUIPMENT LIMITED (REGISTERED NUMBER: 07124525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,297 3,297
Other debtors 1 1
3,298 3,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 60 61
Amounts owed to associates 35,228 36,228
Social security and other taxes 404 404
35,692 36,693

7. RELATED PARTY DISCLOSURES

Mr D V Khanna is a director and shareholder of both Axis Equipment Limited and Arolite Limited. As at 31st March 2022 the company was owed £3,297 (2022 - £3,297) being a trade debt. At the year end Axis Equipment Limited owed Arolite Limited £45,228 (2022 - £36,228) being an inter company debt.