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REGISTERED NUMBER: NI675732 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Axia Procurement Ltd

Axia Procurement Ltd (Registered number: NI675732)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Axia Procurement Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A Hill



REGISTERED OFFICE: 106 Orby Drive
Belfast
Co. Antrim
BT5 6AG



REGISTERED NUMBER: NI675732 (Northern Ireland)



ACCOUNTANTS: Henderson & Co
Chartered Certified Accountants
15 Killuney Drive
Armagh
Co. Armagh
BT60 1AY



BANKERS: Starling Bank Limited
3rd Floor
2 Finsbury Avenue
London
EC2M 2PP

Axia Procurement Ltd

Report of the Accountants to the Director of
Axia Procurement Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Henderson & Co
Chartered Certified Accountants
15 Killuney Drive
Armagh
Co. Armagh
BT60 1AY


23 September 2024

Axia Procurement Ltd (Registered number: NI675732)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,768 1,565

CURRENT ASSETS
Debtors 5 6,312 -
Cash at bank 67,558 43,388
73,870 43,388
CREDITORS
Amounts falling due within one year 6 19,274 7,940
NET CURRENT ASSETS 54,596 35,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,364

37,013

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 57,363 37,012
SHAREHOLDERS' FUNDS 57,364 37,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Axia Procurement Ltd (Registered number: NI675732)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





A Hill - Director


Axia Procurement Ltd (Registered number: NI675732)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Axia Procurement Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

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.

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.

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 (2023 - 1 ) .

Axia Procurement Ltd (Registered number: NI675732)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023 1,917
Additions 1,511
At 31 January 2024 3,428
DEPRECIATION
At 1 February 2023 352
Charge for year 308
At 31 January 2024 660
NET BOOK VALUE
At 31 January 2024 2,768
At 31 January 2023 1,565

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 5,850 -
Prepayments 462 -
6,312 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 12,946 6,611
Social security and other taxes 55 56
VAT 4,686 -
Directors' current accounts 936 623
Accrued expenses 651 650
19,274 7,940

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary 1 1 1

Axia Procurement Ltd (Registered number: NI675732)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. RESERVES
Retained
earnings
£   

At 1 February 2023 37,012
Profit for the year 51,851
Dividends (31,500 )
At 31 January 2024 57,363