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REGISTERED NUMBER: 10016621 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

AXXELTROVA LIMITED

AXXELTROVA LIMITED (REGISTERED NUMBER: 10016621)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AXXELTROVA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr F S Ahmed
Mr R Phillips





REGISTERED OFFICE: 1 King William Street
London
EC4N 7AR





REGISTERED NUMBER: 10016621 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

AXXELTROVA LIMITED (REGISTERED NUMBER: 10016621)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,514 22,356
Investments 5 78,946 60,306
83,460 82,662

CURRENT ASSETS
Debtors 6 8,738 220,904
Cash at bank 442,228 431,047
450,966 651,951
CREDITORS
Amounts falling due within one year 7 130,422 335,686
NET CURRENT ASSETS 320,544 316,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,004

398,927

CREDITORS
Amounts falling due after more than one
year

8

13,336

23,336
NET ASSETS 390,668 375,591

CAPITAL AND RESERVES
Called up share capital 10 150,000 150,000
Retained earnings 240,668 225,591
SHAREHOLDERS' FUNDS 390,668 375,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AXXELTROVA LIMITED (REGISTERED NUMBER: 10016621)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





Mr R Phillips - Director


AXXELTROVA LIMITED (REGISTERED NUMBER: 10016621)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Axxeltrova 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and Machinery - 25% straight line
Software - 33% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 5 (2023 - 5 ) .

AXXELTROVA LIMITED (REGISTERED NUMBER: 10016621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery Software Totals
£    £    £   
COST
At 1 March 2023 11,184 106,221 117,405
Additions 4,269 - 4,269
At 29 February 2024 15,453 106,221 121,674
DEPRECIATION
At 1 March 2023 7,076 87,973 95,049
Charge for year 3,863 18,248 22,111
At 29 February 2024 10,939 106,221 117,160
NET BOOK VALUE
At 29 February 2024 4,514 - 4,514
At 28 February 2023 4,108 18,248 22,356

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 March 2023 60,306
Revaluations 18,640
At 29 February 2024 78,946
NET BOOK VALUE
At 29 February 2024 78,946
At 28 February 2023 60,306

Cost or valuation at 29 February 2024 is represented by:

Listed
investments
£   
Valuation in 2024 18,640
Cost 60,306
78,946

AXXELTROVA LIMITED (REGISTERED NUMBER: 10016621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 5,321 212,969
VAT 3,417 7,935
8,738 220,904

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors - 451
Tax 12,586 19,284
Social security and other taxes - 4,527
Pension 3,098 2,337
Due to related party 14,935 -
Directors' current accounts 27,303 87,527
Deferred income - 206,560
Accrued expenses 62,500 5,000
130,422 335,686

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 9) 13,336 23,336

9. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,336 13,336

AXXELTROVA LIMITED (REGISTERED NUMBER: 10016621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
150,000 Ordinary 1 150,000 150,000