2023-04-012024-03-312024-03-31false07543318AXIS WEALTH MANAGEMENT LIMITED2024-12-03iso4217:GBPxbrli:pure075433182023-04-01075433182024-03-31075433182023-04-012024-03-31075433182022-04-01075433182023-03-31075433182022-04-012023-03-3107543318bus:SmallEntities2023-04-012024-03-3107543318bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3107543318bus:AbridgedAccounts2023-04-012024-03-3107543318bus:PrivateLimitedCompanyLtd2023-04-012024-03-3107543318core:WithinOneYear2024-03-3107543318core:AfterOneYear2024-03-3107543318core:WithinOneYear2023-03-3107543318core:AfterOneYear2023-03-3107543318core:ShareCapital2024-03-3107543318core:SharePremium2024-03-3107543318core:RevaluationReserve2024-03-3107543318core:OtherReservesSubtotal2024-03-3107543318core:RetainedEarningsAccumulatedLosses2024-03-3107543318core:ShareCapital2023-03-3107543318core:SharePremium2023-03-3107543318core:RevaluationReserve2023-03-3107543318core:OtherReservesSubtotal2023-03-3107543318core:RetainedEarningsAccumulatedLosses2023-03-3107543318core:LandBuildings2024-03-3107543318core:PlantMachinery2024-03-3107543318core:Vehicles2024-03-3107543318core:FurnitureFittings2024-03-3107543318core:OfficeEquipment2024-03-3107543318core:NetGoodwill2024-03-3107543318core:IntangibleAssetsOtherThanGoodwill2024-03-3107543318core:ListedExchangeTraded2024-03-3107543318core:UnlistedNon-exchangeTraded2024-03-3107543318core:LandBuildings2023-03-3107543318core:PlantMachinery2023-03-3107543318core:Vehicles2023-03-3107543318core:FurnitureFittings2023-03-3107543318core:OfficeEquipment2023-03-3107543318core:NetGoodwill2023-03-3107543318core:IntangibleAssetsOtherThanGoodwill2023-03-3107543318core:ListedExchangeTraded2023-03-3107543318core:UnlistedNon-exchangeTraded2023-03-3107543318core:LandBuildings2023-04-012024-03-3107543318core:PlantMachinery2023-04-012024-03-3107543318core:Vehicles2023-04-012024-03-3107543318core:FurnitureFittings2023-04-012024-03-3107543318core:OfficeEquipment2023-04-012024-03-3107543318core:NetGoodwill2023-04-012024-03-3107543318core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107543318core:ListedExchangeTraded2023-04-012024-03-3107543318core:UnlistedNon-exchangeTraded2023-04-012024-03-3107543318core:MoreThanFiveYears2023-04-012024-03-3107543318core:Non-currentFinancialInstruments2024-03-3107543318core:Non-currentFinancialInstruments2023-03-3107543318dpl:CostSales2023-04-012024-03-3107543318dpl:DistributionCosts2023-04-012024-03-3107543318core:LandBuildings2023-04-012024-03-3107543318core:PlantMachinery2023-04-012024-03-3107543318core:Vehicles2023-04-012024-03-3107543318core:FurnitureFittings2023-04-012024-03-3107543318core:OfficeEquipment2023-04-012024-03-3107543318dpl:AdministrativeExpenses2023-04-012024-03-3107543318core:NetGoodwill2023-04-012024-03-3107543318core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107543318dpl:GroupUndertakings2023-04-012024-03-3107543318dpl:ParticipatingInterests2023-04-012024-03-3107543318dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3107543318core:ListedExchangeTraded2023-04-012024-03-3107543318dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3107543318core:UnlistedNon-exchangeTraded2023-04-012024-03-3107543318dpl:CostSales2022-04-012023-03-3107543318dpl:DistributionCosts2022-04-012023-03-3107543318core:LandBuildings2022-04-012023-03-3107543318core:PlantMachinery2022-04-012023-03-3107543318core:Vehicles2022-04-012023-03-3107543318core:FurnitureFittings2022-04-012023-03-3107543318core:OfficeEquipment2022-04-012023-03-3107543318dpl:AdministrativeExpenses2022-04-012023-03-3107543318core:NetGoodwill2022-04-012023-03-3107543318core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107543318dpl:GroupUndertakings2022-04-012023-03-3107543318dpl:ParticipatingInterests2022-04-012023-03-3107543318dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107543318core:ListedExchangeTraded2022-04-012023-03-3107543318dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107543318core:UnlistedNon-exchangeTraded2022-04-012023-03-3107543318core:NetGoodwill2024-03-3107543318core:IntangibleAssetsOtherThanGoodwill2024-03-3107543318core:LandBuildings2024-03-3107543318core:PlantMachinery2024-03-3107543318core:Vehicles2024-03-3107543318core:FurnitureFittings2024-03-3107543318core:OfficeEquipment2024-03-3107543318core:AfterOneYear2024-03-3107543318core:WithinOneYear2024-03-3107543318core:ListedExchangeTraded2024-03-3107543318core:UnlistedNon-exchangeTraded2024-03-3107543318core:ShareCapital2024-03-3107543318core:SharePremium2024-03-3107543318core:RevaluationReserve2024-03-3107543318core:OtherReservesSubtotal2024-03-3107543318core:RetainedEarningsAccumulatedLosses2024-03-3107543318core:NetGoodwill2023-03-3107543318core:IntangibleAssetsOtherThanGoodwill2023-03-3107543318core:LandBuildings2023-03-3107543318core:PlantMachinery2023-03-3107543318core:Vehicles2023-03-3107543318core:FurnitureFittings2023-03-3107543318core:OfficeEquipment2023-03-3107543318core:AfterOneYear2023-03-3107543318core:WithinOneYear2023-03-3107543318core:Listed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AXIS WEALTH MANAGEMENT LIMITED

Registered Number
07543318
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

AXIS WEALTH MANAGEMENT LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

D A REED

Registered Address

17a Montpelier Villas
Brighton
BN1 3DG

Registered Number

07543318 (England and Wales)
AXIS WEALTH MANAGEMENT LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3334,625425,375
Tangible assets41,598369
336,223425,744
Current assets
Debtors542,551127
Cash at bank and on hand16,59524,273
59,14624,400
Creditors amounts falling due within one year6(391,678)(445,785)
Net current assets (liabilities)(332,532)(421,385)
Total assets less current liabilities3,6914,359
Net assets3,6914,359
Capital and reserves
Called up share capital100100
Profit and loss account3,5914,259
Shareholders' funds3,6914,359
The financial statements were approved and authorised for issue by the Director on 3 December 2024, and are signed on its behalf by:
D A REED
Director
Registered Company No. 07543318
AXIS WEALTH MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Amortisation policy- 15% straight line on the anniversary of the first full year and annually thereafter.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year33
3.Intangible assets

Total

£
Cost or valuation
At 01 April 23605,000
At 31 March 24605,000
Amortisation and impairment
At 01 April 23179,625
Charge for year90,750
At 31 March 24270,375
Net book value
At 31 March 24334,625
At 31 March 23425,375
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 231,878
Additions2,130
At 31 March 244,008
Depreciation and impairment
At 01 April 231,509
Charge for year901
At 31 March 242,410
Net book value
At 31 March 241,598
At 31 March 23369
5.Debtors: amounts due within one year

2024

2023

££
Other debtors758-
Prepayments and accrued income41,793127
Total42,551127
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts-798
Taxation and social security26,93420,955
Other creditors362,316412,389
Accrued liabilities and deferred income2,42811,643
Total391,678445,785
7.Operating lease commitments
At 31 March 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of NIL (2023– £920)