IRIS Accounts Production v24.3.2.46 10401666 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104016662023-05-31104016662024-05-31104016662023-06-012024-05-31104016662022-05-31104016662022-06-012023-05-31104016662023-05-3110401666ns15:EnglandWales2023-06-012024-05-3110401666ns14:PoundSterling2023-06-012024-05-3110401666ns10:Director12023-06-012024-05-3110401666ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3110401666ns10:SmallEntities2023-06-012024-05-3110401666ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3110401666ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3110401666ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110401666ns10:FullAccounts2023-06-012024-05-3110401666ns10:RegisteredOffice2023-06-012024-05-3110401666ns5:CurrentFinancialInstruments2024-05-3110401666ns5:CurrentFinancialInstruments2023-05-3110401666ns5:Non-currentFinancialInstruments2024-05-3110401666ns5:Non-currentFinancialInstruments2023-05-3110401666ns5:ShareCapital2024-05-3110401666ns5:ShareCapital2023-05-3110401666ns5:RetainedEarningsAccumulatedLosses2024-05-3110401666ns5:RetainedEarningsAccumulatedLosses2023-05-3110401666ns5:PlantMachinery2023-06-012024-05-3110401666ns5:PlantMachinery2023-05-3110401666ns5:PlantMachinery2024-05-3110401666ns5:PlantMachinery2023-05-3110401666ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3110401666ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 10401666 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

AXLES AND TURNTABLES LTD

AXLES AND TURNTABLES LTD (REGISTERED NUMBER: 10401666)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AXLES AND TURNTABLES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: D Hill





REGISTERED OFFICE: 2 St Georges Court
Altrincham Business Park
Altrincham
Cheshire
WA14 5UA





REGISTERED NUMBER: 10401666 (England and Wales)





ACCOUNTANTS: Hunter Healey Limited
Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX

AXLES AND TURNTABLES LTD (REGISTERED NUMBER: 10401666)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,376 26,064

CURRENT ASSETS
Stocks 206,967 180,808
Debtors 5 220,472 312,076
Cash at bank 33,792 27,954
461,231 520,838
CREDITORS
Amounts falling due within one year 6 417,735 475,640
NET CURRENT ASSETS 43,496 45,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,872

71,262

CREDITORS
Amounts falling due after more than one
year

7

10,000

20,000
NET ASSETS 50,872 51,262

AXLES AND TURNTABLES LTD (REGISTERED NUMBER: 10401666)

BALANCE SHEET - continued
31ST MAY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 50,871 51,261
SHAREHOLDERS' FUNDS 50,872 51,262

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

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

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 director and authorised for issue on 20th January 2025 and were signed by:





D Hill - Director


AXLES AND TURNTABLES LTD (REGISTERED NUMBER: 10401666)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Axles and Turntables Ltd 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.

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 - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 2 ) .

AXLES AND TURNTABLES LTD (REGISTERED NUMBER: 10401666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st June 2023
and 31st May 2024 43,440
DEPRECIATION
At 1st June 2023 17,376
Charge for year 8,688
At 31st May 2024 26,064
NET BOOK VALUE
At 31st May 2024 17,376
At 31st May 2023 26,064

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 176,167 306,555
Other debtors 44,305 5,521
220,472 312,076

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 220,645 229,579
Taxation and social security 37,256 70,387
Other creditors 149,834 165,674
417,735 475,640

AXLES AND TURNTABLES LTD (REGISTERED NUMBER: 10401666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 10,000 20,000