Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-303692022-12-0117falsecommercial contract cleaning18falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03316085 2022-12-01 2023-11-30 03316085 2021-12-01 2022-11-30 03316085 2023-11-30 03316085 2022-11-30 03316085 c:Director1 2022-12-01 2023-11-30 03316085 d:Buildings d:LongLeaseholdAssets 2022-12-01 2023-11-30 03316085 d:Buildings d:LongLeaseholdAssets 2023-11-30 03316085 d:Buildings d:LongLeaseholdAssets 2022-11-30 03316085 d:PlantMachinery 2022-12-01 2023-11-30 03316085 d:PlantMachinery 2023-11-30 03316085 d:PlantMachinery 2022-11-30 03316085 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 03316085 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 03316085 d:MotorVehicles 2022-12-01 2023-11-30 03316085 d:MotorVehicles 2023-11-30 03316085 d:MotorVehicles 2022-11-30 03316085 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 03316085 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 03316085 d:FurnitureFittings 2022-12-01 2023-11-30 03316085 d:FurnitureFittings 2023-11-30 03316085 d:FurnitureFittings 2022-11-30 03316085 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 03316085 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 03316085 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 03316085 d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 03316085 d:CurrentFinancialInstruments 2023-11-30 03316085 d:CurrentFinancialInstruments 2022-11-30 03316085 d:Non-currentFinancialInstruments 2023-11-30 03316085 d:Non-currentFinancialInstruments 2022-11-30 03316085 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 03316085 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 03316085 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 03316085 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 03316085 d:ShareCapital 2023-11-30 03316085 d:ShareCapital 2022-11-30 03316085 d:SharePremium 2023-11-30 03316085 d:SharePremium 2022-11-30 03316085 d:RetainedEarningsAccumulatedLosses 2023-11-30 03316085 d:RetainedEarningsAccumulatedLosses 2022-11-30 03316085 c:FRS102 2022-12-01 2023-11-30 03316085 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 03316085 c:FullAccounts 2022-12-01 2023-11-30 03316085 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 03316085 d:WithinOneYear 2023-11-30 03316085 d:WithinOneYear 2022-11-30 03316085 d:BetweenOneFiveYears 2023-11-30 03316085 d:BetweenOneFiveYears 2022-11-30 03316085 d:HirePurchaseContracts d:WithinOneYear 2023-11-30 03316085 d:HirePurchaseContracts d:WithinOneYear 2022-11-30 03316085 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-11-30 03316085 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-11-30 03316085 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-30 03316085 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-11-30 03316085 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 03316085










AXIOM MAINTAIN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
AXIOM MAINTAIN LIMITED
REGISTERED NUMBER:03316085

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
78,336
91,279

Current assets
  

Debtors
 5 
230,708
213,764

Cash at bank and in hand
  
124,628
79,008

  
355,336
292,772

Creditors: amounts falling due within one year
 6 
(139,872)
(101,466)

Net current assets
  
 
 
215,464
 
 
191,306

Total assets less current liabilities
  
293,800
282,585

Creditors: amounts falling due after more than one year
 7 
(42,883)
(49,831)

Provisions for liabilities
  

Deferred tax
  
(22,284)
(22,284)

Net assets
  
228,633
210,470


Capital and reserves
  

Called up share capital 
  
136
136

Share premium account
  
964
964

Profit and loss account
  
227,533
209,370

  
228,633
210,470


Page 1

 
AXIOM MAINTAIN LIMITED
REGISTERED NUMBER:03316085
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A P Sargent
Director

Date: 10 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AXIOM MAINTAIN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Axiom Maintain Limited ("the Company") is a private company limited by shares, incorporated in England and Wales under the Companies Act.
The registered number and address of the registered office are given in the company information.
The functional and presentational currency of the Company is pounds sterling (£) and rounded to the nearest whole pound. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover comprises revenue recognised by the Company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
AXIOM MAINTAIN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property improvements
-
6% per annum
Plant and machinery
-
33% per annum
Motor vehicles
-
20% per annum
Fixtures & Fittings & Office furniture
-
14% per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
AXIOM MAINTAIN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan. 
Investments in non-derivative instruments that are equity to the issuer are measured: 
• at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably; 
• at cost less impairment for all other investments. 
 
Page 5

 
AXIOM MAINTAIN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive Income. 
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. 
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date. 
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2022 - 18).

Page 6

 
AXIOM MAINTAIN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Leasehold Property Improvements
Plant and machinery
Motor vehicles
Fixtures, Fittings & Office furniture
Total

£
£
£
£
£



Cost or valuation


At 1 December 2022
5,910
31,808
69,125
14,106
120,949


Additions
-
3,728
3,350
790
7,868


Disposals
-
(14,573)
-
-
(14,573)



At 30 November 2023

5,910
20,963
72,475
14,896
114,244



Depreciation


At 1 December 2022
3,396
21,321
-
4,953
29,670


Charge for the year on owned assets
369
4,028
-
1,975
6,372


Charge for the year on financed assets
-
-
14,439
-
14,439


Disposals
-
(14,573)
-
-
(14,573)



At 30 November 2023

3,765
10,776
14,439
6,928
35,908



Net book value



At 30 November 2023
2,145
10,187
58,036
7,968
78,336



At 30 November 2022
2,514
10,487
69,125
9,153
91,279

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
58,036
69,125

Page 7

 
AXIOM MAINTAIN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
226,930
206,673

Other debtors
-
2,307

Prepayments and accrued income
3,778
4,784

230,708
213,764



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,685
8,062

Corporation tax
11,657
-

Other taxation and social security
70,942
53,847

Obligations under finance lease and hire purchase contracts
6,948
5,959

Other creditors
5,569
3,946

Accruals and deferred income
31,071
29,652

139,872
101,466


The hire purchase liabilities are secured upon the assets to which they relate.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Obligations under finance leases and hire purchase contracts
42,883
49,831


The hire purchase liabilities are secured upon the assets to which they relate.

Page 8

 
AXIOM MAINTAIN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within 1 year
6,948
5,959

Between 1-5 years
42,883
49,831

49,831
55,790


9.


Pension commitments

The company operates a defined contribution scheme. There were outstanding pension contributions at 30 November 2023 of £2,869 (2022: £1,246).


10.


Commitments under operating leases

At 30 November 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
35,000
36,667

Later than 1 year and not later than 5 years
87,500
122,500

122,500
159,167

 
Page 9