Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04132186 I J Simpson D K Simpson A D Simpson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04132186 2022-12-31 04132186 2023-12-31 04132186 2023-01-01 2023-12-31 04132186 frs-core:CurrentFinancialInstruments 2023-12-31 04132186 frs-core:Non-currentFinancialInstruments 2023-12-31 04132186 frs-core:ComputerEquipment 2023-12-31 04132186 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04132186 frs-core:ComputerEquipment 2022-12-31 04132186 frs-core:FurnitureFittings 2023-12-31 04132186 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04132186 frs-core:FurnitureFittings 2022-12-31 04132186 frs-core:ShareCapital 2023-12-31 04132186 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04132186 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04132186 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04132186 frs-bus:SmallEntities 2023-01-01 2023-12-31 04132186 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04132186 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04132186 1 2023-01-01 2023-12-31 04132186 frs-bus:Director1 2023-01-01 2023-12-31 04132186 frs-bus:Director2 2023-01-01 2023-12-31 04132186 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04132186 frs-countries:EnglandWales 2023-01-01 2023-12-31 04132186 2021-12-31 04132186 2022-12-31 04132186 2022-01-01 2022-12-31 04132186 frs-core:CurrentFinancialInstruments 2022-12-31 04132186 frs-core:Non-currentFinancialInstruments 2022-12-31 04132186 frs-core:ShareCapital 2022-12-31 04132186 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04132186
Axiom RM Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04132186
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,434 1,705
3,434 1,705
CURRENT ASSETS
Debtors 5 83,622 77,517
Cash at bank and in hand 14,026 -
97,648 77,517
Creditors: Amounts Falling Due Within One Year 6 (71,145 ) (48,934 )
NET CURRENT ASSETS (LIABILITIES) 26,503 28,583
TOTAL ASSETS LESS CURRENT LIABILITIES 29,937 30,288
Creditors: Amounts Falling Due After More Than One Year 7 (27,735 ) (30,279 )
NET ASSETS 2,202 9
CAPITAL AND RESERVES
Called up share capital 9 9
Profit and Loss Account 2,193 -
SHAREHOLDERS' FUNDS 2,202 9
Page 1
Page 2
For the year ending 31 December 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
I J Simpson
Director
11th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Axiom RM Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04132186 . The registered office is Unit 8 Wheatcroft Business Park , Landmere Lane, Edwalton, Nottingham, NG12 4DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office Equipment 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Office Equipment Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 10,651 1,458 12,109
Additions - 2,249 2,249
As at 31 December 2023 10,651 3,707 14,358
Depreciation
As at 1 January 2023 10,374 30 10,404
Provided during the period 69 451 520
As at 31 December 2023 10,443 481 10,924
Net Book Value
As at 31 December 2023 208 3,226 3,434
As at 1 January 2023 277 1,428 1,705
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 83,622 77,517
83,622 77,517
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 4,646 4,328
Other taxes and social security 66,499 44,606
71,145 48,934
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 27,735 30,279
27,735 30,279
8. Related Party Transactions
During the year total dividends of £77,517.00 were paid to the directors (2022: £56,913.00).
As at the 31 December 2023 the directors owed the business £83,622.00 (2022: £77,517.00).
9. Ultimate Controlling Party
The controlling party is I J Simpson.
Page 4