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Registered number: 10430400

AXENT BROKERS LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

AXENT BROKERS LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
ROBIN PHILLIP WARD
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10430400
BANKERS
LLOYDS BANK PLC
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

AXENT BROKERS LTD

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

AXENT BROKERS LTD

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets22,9333,683
CURRENT ASSETS
Debtors357,76961,612
Cash at bank and in hand34,22924,701
91,99886,313
CREDITORS: Amounts falling due within one year487,65694,991
NET CURRENT ASSETS / (LIABILITIES)4,342(8,678)
TOTAL ASSETS LESS CURRENT LIABILITIES7,275(4,995)
CREDITORS: Amounts falling due after more than one year542,57844,068
PROVISIONS FOR LIABILITIES AND CHARGES735171
NET LIABILITIES(35,338)(49,234)
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account(35,438)(49,334)
SHAREHOLDERS' FUNDS(35,338)(49,234)
For the year ending 31/03/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/01/2025 and signed on their behalf by
.............................
ROBIN PHILLIP WARD
Director

AXENT BROKERS LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The company is in a net liabiilty of £ 35,338 as at 31 March 2024. The director has been introducing funds into the company as and when required. The director will continue to support the company for at least twelve months from the date that the balance sheet was signed. As such the financial statements have been prepared on the going concern basis.
1c. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Fixtures And Fittingsstraight line10%
Equipmentstraight line10%
1d. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts, derived from ordinary activities.

AXENT BROKERS LTD

2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/04/20231,0406,9638,003
Disposals-(440)(440)
At 31/03/20241,0406,5237,563
Depreciation
At 01/04/20237003,6204,320
Disposals-(440)(440)
For the year100650750
At 31/03/20248003,8304,630
Net Book Amounts
At 31/03/20242402,6932,933
At 31/03/20233403,3433,683
3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors50,01653,717
PAYE control3,7443,744
Prepayments4,0094,151
57,76961,612
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax4,6244,597
Salaries and wages control11
Directors current account4,2557,282
Bank loans and overdrafts-7,023
Trade creditors65,68563,967
Other creditors6,2666,266
Accruals6,8255,855
87,65694,991

AXENT BROKERS LTD

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Lloyds Bank plc - Bounce back loans >1yr42,57844,068
42,57844,068
6. EMPLOYEES
20242023
No.No.
Average number of employees44
Key management personnel is restricted to that of the director.
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation35171
35171
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. CONTROLLING PARTY
The company is wholly owned by the director Mr R P Ward.

AXENT BROKERS LTD

10. RELATED PARTY TRANSACTIONS
The director received a dividend of £ nil in the year to 31 March 2024 (2023 - £ nil).
11. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company is principally involved as an agency for wholesale underwriting, all of which is carried out within the United Kingdom.
12. GENERAL INFORMATION
Axent Brokers Limited is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.