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REGISTERED NUMBER: 11681883 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Akselos Limited

Akselos Limited (Registered number: 11681883)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


Akselos Limited (Registered number: 11681883)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,329 2,475

CURRENT ASSETS
Debtors 6 5,212 4,129
Cash at bank 11,545 1,668
16,757 5,797
CREDITORS
Amounts falling due within one year 7 21,851 12,481
NET CURRENT LIABILITIES (5,094 ) (6,684 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(765

)

(4,209

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (865 ) (4,309 )
SHAREHOLDERS' FUNDS (765 ) (4,209 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Akselos Limited (Registered number: 11681883)

Balance Sheet - continued
31 December 2022


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 Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





Mr T B L Leurent - Director


Akselos Limited (Registered number: 11681883)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. Statutory information

Akselos Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11681883

Registered office: 27 Old Gloucester Street
London
WC1N 3AX

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on cost

Financial instruments
All of the financial instruments of the company are basic and the company has elected to apply the provisions of Section 11 "Basic Financial Instruments of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents
Cash is represented by cash and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.


Akselos Limited (Registered number: 11681883)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Going concern
The directors have a reasonable expectation that the company will continue to have adequate resources to remain in operational existence for the foreseeable future and also for a period of more than one year from the date of approval of these accounts. In addition to this, continued support will be available from the shareholders for the foreseeable future. Therefore, the going concern assumption has been applied in preparing these financial statements.

4. Employees and directors

The average number of employees during the year was 1 (2021 - 2 ) .

Akselos Limited (Registered number: 11681883)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. Tangible fixed assets
Computer
equipment
£   
COST
At 1 January 2022 4,548
Additions 3,790
At 31 December 2022 8,338
DEPRECIATION
At 1 January 2022 2,073
Charge for year 1,936
At 31 December 2022 4,009
NET BOOK VALUE
At 31 December 2022 4,329
At 31 December 2021 2,475

6. Debtors: amounts falling due within one year
31.12.22 31.12.21
£    £   
Other debtors 5,212 4,129

7. Creditors: amounts falling due within one year
31.12.22 31.12.21
£    £   
Trade creditors 1,920 -
Amounts owed to group undertakings 19,667 5,246
Taxation and social security - 5,594
Other creditors 264 1,641
21,851 12,481

8. Called up share capital

Allotted and issued:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 Share capital 1 1 100 100