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REGISTERED NUMBER: 07404973 (England and Wales)










Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Axcess Energy Limited

Axcess Energy Limited (Registered number: 07404973)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Axcess Energy Limited

Company Information
For The Year Ended 31 December 2023







DIRECTOR: F Kadodia



REGISTERED OFFICE: Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN



REGISTERED NUMBER: 07404973 (England and Wales)



ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN



BANKERS: Barclays Bank PLC
18 King Street
Stroud
Gloucestershire
GL5 3DF

Axcess Energy Limited (Registered number: 07404973)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,701 7,640
Investments 5 300 300
4,001 7,940

CURRENT ASSETS
Debtors 6 3,284 4,157
Cash at bank and in hand 198,710 201,397
201,994 205,554
CREDITORS
Amounts falling due within one year 7 30,703 19,323
NET CURRENT ASSETS 171,291 186,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,292

194,171

PROVISIONS FOR LIABILITIES - 201
NET ASSETS 175,292 193,970

CAPITAL AND RESERVES
Called up share capital 8 102 102
Retained earnings 175,190 193,868
SHAREHOLDERS' FUNDS 175,292 193,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Axcess Energy Limited (Registered number: 07404973)

Statement of Financial Position - continued
31 December 2023


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 31 July 2024 and were signed by:





F Kadodia - Director


Axcess Energy Limited (Registered number: 07404973)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Axcess Energy 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.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Income from short term contracts for the provision of consultancy services is recognised on an accruals basis which generally falls in line with the invoicing of that work. Adjustment is made through accrued income and work in progress to reflect work uninvoiced at a period end according to level of completion or deferred income where invoicing is ahead of the service provision.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment: 20% straight line
Motor vehicles: 25% straight line
Computer equipment: 33% straight line

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of 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.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are measured at transaction price including transaction costs.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors are recognised at transaction price.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.


Axcess Energy Limited (Registered number: 07404973)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 19,706 48,499 16,103 84,308
DEPRECIATION
At 1 January 2023 17,125 45,430 14,113 76,668
Charge for year 994 2,050 895 3,939
At 31 December 2023 18,119 47,480 15,008 80,607
NET BOOK VALUE
At 31 December 2023 1,587 1,019 1,095 3,701
At 31 December 2022 2,581 3,069 1,990 7,640

Axcess Energy Limited (Registered number: 07404973)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Serck
Separation
Technologies
Ltd
£   
COST
At 1 January 2023
and 31 December 2023 300
NET BOOK VALUE
At 31 December 2023 300
At 31 December 2022 300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 853 1,361
Other debtors 2,431 586
Tax - 2,210
3,284 4,157

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Corporation tax 2,401 -
Social security and other taxes 34 34
VAT 22,233 14,989
Other creditors 1,376 2,112
Directors' current accounts 3,150 679
Accrued expenses 1,509 1,509
30,703 19,323

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
50 B Ordinary £1 50 50
50 A Ordinary £1 50 50
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
102 102

Axcess Energy Limited (Registered number: 07404973)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
F Kadodia
Balance outstanding at start of year - 2,054
Amounts repaid - (2,054 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -