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REGISTERED NUMBER: 06410254 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AXSCEND GROUP LIMITED

AXSCEND GROUP LIMITED (REGISTERED NUMBER: 06410254)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AXSCEND GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C Guenter
A T Dyer





REGISTERED OFFICE: Unit 4 Whitworth Court
Manor Farm Road
RUNCORN
Cheshire
WA7 1WA





REGISTERED NUMBER: 06410254 (England and Wales)





AUDITORS: McCabe Ford Williams
Chartered Accountants and Statutory Auditors
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

AXSCEND GROUP LIMITED (REGISTERED NUMBER: 06410254)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Debtors 5 - 5,444

CREDITORS
Amounts falling due within one year 6 177,732 175,984
NET CURRENT LIABILITIES (177,732 ) (170,540 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(177,632

)

(170,440

)

CAPITAL AND RESERVES
Called up share capital 7 1,356 1,356
Share premium 8 1,027,289 1,027,289
Retained earnings 8 (1,206,277 ) (1,199,085 )
SHAREHOLDERS' FUNDS (177,632 ) (170,440 )

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 8 August 2024 and were signed on its behalf by:





A T Dyer - Director


AXSCEND GROUP LIMITED (REGISTERED NUMBER: 06410254)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Axscend Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Axscend Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

AXSCEND GROUP LIMITED (REGISTERED NUMBER: 06410254)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments - 5,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 177,732 175,984

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
135,622 Ordinary £0.01 1,356 1,356

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 (1,199,085 ) 1,027,289 (171,796 )
Deficit for the year (7,192 ) (7,192 )
At 31 December 2023 (1,206,277 ) 1,027,289 (178,988 )

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Fullarton BSc(Hons) FCA (Senior Statutory Auditor)
for and on behalf of McCabe Ford Williams

AXSCEND GROUP LIMITED (REGISTERED NUMBER: 06410254)

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

10. ULTIMATE PARENT COMPANY

Axscend Group Limited is a 100% subsidiary of SAF-Holland GmbH, a company registered in Germany whose registered office is 26 Hauptstrasse, Bessenbach 68856, Germany.

The ultimate parent company is SAF-HOLLAND SE, a company registered in Germany whose registered office is 26 Hauptstrasse, Bessenbach 68856, Germany.

11. GOING CONCERN

The directors have concluded that use of the going concern basis of accounting in the preparation of the financial statements is appropriate, based upon the continued financial support provided by the parent and ultimate parent companies and the financial position of the subsidiary company.