2023-06-01 12625242 2024-05-31 12625242 2023-06-01 2024-05-31 12625242 2023-05-31 12625242 2022-06-01 2023-05-31 12625242 uk-core:WithinOneYear 2023-05-31 12625242 uk-core:WithinOneYear 2024-05-31 12625242 uk-core:ShareCapital 2024-05-31 12625242 uk-core:ShareCapital 2023-05-31 12625242 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 12625242 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 12625242 uk-bus:Director1 2023-06-01 2024-05-31 12625242 uk-core:ComputerEquipment 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure 12625242 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 12625242 uk-bus:FRS102 2023-06-01 2024-05-31 12625242 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 12625242 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
Axel Clothing Ltd
Registered Number:12625242
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
Axel Clothing Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12625242
As at 31 May 2024
Axel Clothing Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
82
109
2
82
109
Current assets
Inventories
1,500
1,000
3
Trade and other receivables
-
23
4
366
Cash and cash equivalents
514
1,537
1,866
Trade and other payables: amounts falling due within one
year
(374)
(1,347)
5
1,492
190
Net current assets
Total assets less current liabilities
272
1,601
272
Net assets
1,601
Capital and reserves
Called up share capital
1
1
Retained earnings
271
1,600
272
1,601
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Miss Amy Obrien Director
These financial statements were approved and authorised for issue by the Board on 30 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2024
Axel Clothing Ltd
Notes to the Financial Statements
Statutory Information
Axel Clothing Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
12625242.
Registered address:
64 Monks Lane
Crewe
England
CW1 3PQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer Equipment
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 June 2023
259
At 31 May 2024
259
Provision for depreciation and impairment
At 01 June 2023
150
Charge for year
27
At 31 May 2024
177
At 31 May 2024
Net book value
82
At 31 May 2023
109
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5
For the year ended 31 May 2024
Axel Clothing Ltd
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
1,000
1,500
4. Trade and other receivables
2023
2024
£
£
Other debtors
23
-
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
388
350
Other creditors
959
24
1,347
374
6. Average number of persons employed
During the year the average number of employees was 0 (2023 : 1)
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