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REGISTERED NUMBER: 04133334 (England and Wales)















AXCENT MANAGEMENT & IT SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






AXCENT MANAGEMENT & IT SERVICES LIMITED (REGISTERED NUMBER: 04133334)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


AXCENT MANAGEMENT & IT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: J P Carless





REGISTERED OFFICE: 10 Lon Y Barri
Caerphilly

CF83 2NQ





REGISTERED NUMBER: 04133334 (England and Wales)





ACCOUNTANTS: Johns Jones & Lo Limited
Chartered Accountants & Registered Auditors
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF

AXCENT MANAGEMENT & IT SERVICES LIMITED (REGISTERED NUMBER: 04133334)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,528 5,097

CURRENT ASSETS
Stocks 250 250
Debtors 5 2,746 8,254
Cash at bank 57,153 47,140
60,149 55,644
CREDITORS
Amounts falling due within one year 6 5,958 4,008
NET CURRENT ASSETS 54,191 51,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,719

56,733

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 7,719 6,733
57,719 56,733

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

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

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 26th August 2024 and were signed by:





J P Carless - Director


AXCENT MANAGEMENT & IT SERVICES LIMITED (REGISTERED NUMBER: 04133334)

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

1. STATUTORY INFORMATION

Axcent Management & IT Services 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.

The accounts have been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 basis:

Leasehold Improvements - 10% reducing balance
Plant & Machinery - 25% reducing balance
Fixtures & Fittings - 25% reducing balance
Computer Equipment - 35% reducing balance
Motor Vehicles - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


AXCENT MANAGEMENT & IT SERVICES LIMITED (REGISTERED NUMBER: 04133334)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 3,910 20,853 24,763
DEPRECIATION
At 1st January 2023 3,526 16,140 19,666
Charge for year 192 1,377 1,569
At 31st December 2023 3,718 17,517 21,235
NET BOOK VALUE
At 31st December 2023 192 3,336 3,528
At 31st December 2022 384 4,713 5,097

AXCENT MANAGEMENT & IT SERVICES LIMITED (REGISTERED NUMBER: 04133334)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st January 2023 13,500
Transfer to ownership (13,500 )
At 31st December 2023 -
DEPRECIATION
At 1st January 2023 9,110
Transfer to ownership (9,110 )
At 31st December 2023 -
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 4,390

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 5,189
Other debtors 2,746 3,065
2,746 8,254

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 527
Trade creditors 2,405 317
Taxation and social security 476 381
Other creditors 3,077 2,783
5,958 4,008

7. DEFERRED TAX
£   
Balance at 1st January 2023 (1,901 )
Charge to Income Statement during year 232
Balance at 31st December 2023 (1,669 )

AXCENT MANAGEMENT & IT SERVICES LIMITED (REGISTERED NUMBER: 04133334)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
J P Carless
Balance outstanding at start of year (506 ) (506 )
Amounts advanced (234 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (740 ) (506 )

Amounts owed to the Director are included within other creditors. No interest has been incurred on this amount and the balance is deemed to be repayable upon demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J P Carless.