1 April 2023 false No description of principal activity Taxfiler 2024.1 09493404business:PrivateLimitedCompanyLtd2023-04-012024-03-31 094934042023-03-31 094934042023-04-012024-03-31 09493404business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 09493404business:AbridgedAccounts2023-04-012024-03-31 094934042024-03-31 09493404business:Director12023-04-012024-03-31 09493404business:RegisteredOffice2023-04-012024-03-31 094934042023-03-31 09493404core:WithinOneYear2024-03-31 09493404core:WithinOneYear2023-03-31 09493404core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 09493404core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 09493404core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 09493404core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 09493404core:PreviouslyStatedAmount2024-03-31 09493404core:PreviouslyStatedAmount2023-03-31 09493404business:SmallEntities2023-04-012024-03-31 09493404countries:EnglandWales2023-04-012024-03-31 09493404core:FurnitureFittings2023-04-012024-03-31 09493404core:ComputerEquipment2023-04-012024-03-31 09493404business:OrdinaryShareClass12023-04-012024-03-31 09493404business:OrdinaryShareClass12022-04-012023-03-31 094934042022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09493404 (England and Wales)
Axcelsis Solutions Limited Unaudited accounts for the year ended 31 March 2024
Axcelsis Solutions Limited Unaudited accounts Contents
Page
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Axcelsis Solutions Limited Company Information for the year ended 31 March 2024
Director
Mr Guy Julian Stevens
Company Number
09493404 (England and Wales)
Registered Office
Oakhurst, Tilford Road Rushmoor Farnham GU10 2EP
Accountants
Virtue Accounting Limited 53 Warwick Street Coventry CV5 6ET
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Axcelsis Solutions Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
92 
589 
Current assets
Inventories
16,400 
9,750 
Debtors
20,895 
25,444 
Cash at bank and in hand
52,992 
62,719 
90,287 
97,913 
Creditors: amounts falling due within one year
(36,170)
(29,006)
Net current assets
54,117 
68,907 
Total assets less current liabilities
54,209 
69,496 
Provisions for liabilities
Deferred tax
(20)
(111)
Net assets
54,189 
69,385 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
54,179 
69,375 
Shareholders' funds
54,189 
69,385 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 April 2024 and were signed on its behalf by
Mr Guy Julian Stevens Director Company Registration No. 09493404
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Axcelsis Solutions Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Axcelsis Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 09493404. The registered office is Oakhurst, Tilford Road, Rushmoor, Farnham, GU10 2EP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
33.33% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Axcelsis Solutions Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
5,669 
Disposals
(2,710)
At 31 March 2024
2,959 
Depreciation
At 1 April 2023
5,080 
Charge for the year
497 
On disposals
(2,710)
At 31 March 2024
2,867 
Net book value
At 31 March 2024
92 
At 31 March 2023
589 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
6
Loans to directors
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made, to directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed by the company to Mr Stevens was £472, a movement of £116 from the £356 owed by the company at the beginning of the period. At the reporting date the amount owed by the company to Mrs Stevens was £581, a movement of £343 from the £924 owed by the company at the beginning of the period. No interest is charged on balances and no guarantees have been provided by either the company or the directors.
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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