Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 07545971 Mr Adam Knott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07545971 2023-04-30 07545971 2024-04-30 07545971 2023-05-01 2024-04-30 07545971 frs-core:CurrentFinancialInstruments 2024-04-30 07545971 frs-core:Non-currentFinancialInstruments 2024-04-30 07545971 frs-core:BetweenOneFiveYears 2024-04-30 07545971 frs-core:NetGoodwill 2024-04-30 07545971 frs-core:NetGoodwill 2023-05-01 2024-04-30 07545971 frs-core:NetGoodwill 2023-04-30 07545971 frs-core:MotorVehicles 2024-04-30 07545971 frs-core:MotorVehicles 2023-05-01 2024-04-30 07545971 frs-core:MotorVehicles 2023-04-30 07545971 frs-core:PlantMachinery 2023-05-01 2024-04-30 07545971 frs-core:WithinOneYear 2024-04-30 07545971 frs-core:CapitalRedemptionReserve 2024-04-30 07545971 frs-core:ShareCapital 2024-04-30 07545971 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07545971 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07545971 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 07545971 frs-bus:SmallEntities 2023-05-01 2024-04-30 07545971 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07545971 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07545971 frs-bus:Director1 2023-05-01 2024-04-30 07545971 frs-countries:EnglandWales 2023-05-01 2024-04-30 07545971 2022-04-30 07545971 2023-04-30 07545971 2022-05-01 2023-04-30 07545971 frs-core:CurrentFinancialInstruments 2023-04-30 07545971 frs-core:Non-currentFinancialInstruments 2023-04-30 07545971 frs-core:BetweenOneFiveYears 2023-04-30 07545971 frs-core:WithinOneYear 2023-04-30 07545971 frs-core:CapitalRedemptionReserve 2023-04-30 07545971 frs-core:ShareCapital 2023-04-30 07545971 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07545971
Axiom Environmental Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Hammond Ford & Co Limited
Unit 6 Church Road
Barrow
Bury St. Edmunds
IP29 5AX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07545971
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 43,600 65,400
43,600 65,400
CURRENT ASSETS
Debtors 6 2,414,906 2,045,870
Cash at bank and in hand 682,830 652,211
3,097,736 2,698,081
Creditors: Amounts Falling Due Within One Year 7 (1,140,659 ) (1,396,488 )
NET CURRENT ASSETS (LIABILITIES) 1,957,077 1,301,593
TOTAL ASSETS LESS CURRENT LIABILITIES 2,000,677 1,366,993
Creditors: Amounts Falling Due After More Than One Year 8 (38,308 ) (53,670 )
NET ASSETS 1,962,369 1,313,323
CAPITAL AND RESERVES
Called up share capital 10 2 2
Capital redemption reserve 99 99
Profit and Loss Account 1,962,268 1,313,222
SHAREHOLDERS' FUNDS 1,962,369 1,313,323
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adam Knott
Director
22nd January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Axiom Environmental Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07545971 . The registered office is Keystone Innovation Centre Croxton Road, Thetford, Norfolk, IP24 1JD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 4 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% straight line
Motor Vehicles 20% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 20,000
As at 30 April 2024 20,000
Amortisation
As at 1 May 2023 20,000
As at 30 April 2024 20,000
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Motor Vehicles
£
Cost
As at 1 May 2023 96,500
As at 30 April 2024 96,500
Depreciation
As at 1 May 2023 31,100
Provided during the period 21,800
As at 30 April 2024 52,900
Net Book Value
As at 30 April 2024 43,600
As at 1 May 2023 65,400
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,853,505 1,929,920
Other debtors 561,401 115,950
2,414,906 2,045,870
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,400 5,400
Trade creditors 822,491 1,145,266
Bank loans and overdrafts 10,000 10,000
Corporation tax 245,281 159,985
Other taxes and social security 56,787 75,237
Other creditors 700 600
1,140,659 1,396,488
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,700 32,100
Bank loans 11,608 21,570
38,308 53,670
Page 4
Page 5
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,400 5,400
Later than one year and not later than five years 26,700 32,100
32,100 37,500
32,100 37,500
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5