Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 01426471 Mr M A Morrison Mr M C Hicks Mrs S Hicks Mrs L Williams true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01426471 2023-04-30 01426471 2024-04-30 01426471 2023-05-01 2024-04-30 01426471 frs-core:CurrentFinancialInstruments 2024-04-30 01426471 frs-core:FurnitureFittings 2024-04-30 01426471 frs-core:FurnitureFittings 2023-05-01 2024-04-30 01426471 frs-core:FurnitureFittings 2023-04-30 01426471 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 01426471 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 01426471 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 01426471 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 01426471 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01426471 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 01426471 frs-core:ShareCapital 2024-04-30 01426471 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 01426471 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01426471 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 01426471 frs-bus:SmallEntities 2023-05-01 2024-04-30 01426471 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01426471 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 01426471 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 01426471 frs-bus:OrdinaryShareClass1 2024-04-30 01426471 1 2023-05-01 2024-04-30 01426471 frs-bus:Director1 2023-05-01 2024-04-30 01426471 frs-bus:Director2 2023-05-01 2024-04-30 01426471 frs-bus:Director3 2023-05-01 2024-04-30 01426471 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 01426471 frs-countries:EnglandWales 2023-05-01 2024-04-30 01426471 2022-04-30 01426471 2023-04-30 01426471 2022-05-01 2023-04-30 01426471 frs-core:CurrentFinancialInstruments 2023-04-30 01426471 frs-core:ShareCapital 2023-04-30 01426471 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 01426471 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30
Registered number: 01426471
Axicon Services Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01426471
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 546,210 546,362
546,210 546,362
CURRENT ASSETS
Debtors 5 459 1,411
Cash at bank and in hand 22,929 17,759
23,388 19,170
Creditors: Amounts Falling Due Within One Year 6 (572,544 ) (573,083 )
NET CURRENT ASSETS (LIABILITIES) (549,156 ) (553,913 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,946 ) (7,551 )
NET LIABILITIES (2,946 ) (7,551 )
CAPITAL AND RESERVES
Called up share capital 7 100,000 100,000
Profit and Loss Account (102,946 ) (107,551 )
SHAREHOLDERS' FUNDS (2,946) (7,551)
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For the year ending 30 April 2024 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
Mr M A Morrison
Director
28 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Axicon Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01426471 . The registered office is Village Farm, Church Road, Weston On The Green, Bicester, Oxon, OX25 3QP.
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.
The accounts have been prepared on a going concern basis due to the support of Axicon Auto ID Ltd, a company ultimately owned and controlled by two of the directors of this company.  The company meets its day-to-day working capital requirements through this support and the directors expect this to continue for at least one year from the date of signing these financial statements.
If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise, and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.2. 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:
Fixtures & Fittings 25% on cost
2.3. Financial Instruments
The Company only enters into basic financial instruments 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 non-puttable ordinary shares.
2.3.1.  Debtors
Short term debtors are measured at transaction price, less any impairment.
2.3.2. 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.
2.3.3. Creditors
Short term creditors are measured at the transaction price.
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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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Property Leasehold Improvements Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 544,518 1,540 608 546,666
As at 30 April 2024 544,518 1,540 608 546,666
Depreciation
As at 1 May 2023 - - 304 304
Provided during the period - - 152 152
As at 30 April 2024 - - 456 456
...CONTINUED
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Net Book Value
As at 30 April 2024 544,518 1,540 152 546,210
As at 1 May 2023 544,518 1,540 304 546,362
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 459 1,411
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 445 644
Amounts owed to group undertakings 570,173 570,391
Other creditors 810 770
Taxation and social security 1,116 1,278
572,544 573,083
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100,000 Ordinary Shares of £ 1.00 each 100,000 100,000
8. Ultimate Controlling Party
The company is ultimately owned and controlled by M C Hicks and his immediate family.
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