2023-06-092024-08-312024-08-31false14925378AXEL GROUP LTD2025-02-0341201falseiso4217:GBPxbrli:pure149253782023-06-09149253782024-08-31149253782023-06-092024-08-31149253782023-06-08149253782023-06-08149253782023-06-082023-06-0814925378bus:SmallEntities2023-06-092024-08-3114925378bus:AuditExempt-NoAccountantsReport2023-06-092024-08-3114925378bus:FullAccounts2023-06-092024-08-3114925378bus:PrivateLimitedCompanyLtd2023-06-092024-08-3114925378core:WithinOneYear2024-08-3114925378core:AfterOneYear2024-08-3114925378core:WithinOneYear2023-06-0814925378core:AfterOneYear2023-06-0814925378core:ShareCapital2024-08-3114925378core:SharePremium2024-08-3114925378core:RevaluationReserve2024-08-3114925378core:OtherReservesSubtotal2024-08-3114925378core:RetainedEarningsAccumulatedLosses2024-08-3114925378core:ShareCapital2023-06-0814925378core:SharePremium2023-06-0814925378core:RevaluationReserve2023-06-0814925378core:OtherReservesSubtotal2023-06-0814925378core:RetainedEarningsAccumulatedLosses2023-06-0814925378core:LandBuildings2024-08-3114925378core:PlantMachinery2024-08-3114925378core:Vehicles2024-08-3114925378core:FurnitureFittings2024-08-3114925378core:OfficeEquipment2024-08-3114925378core:NetGoodwill2024-08-3114925378core:IntangibleAssetsOtherThanGoodwill2024-08-3114925378core:ListedExchangeTraded2024-08-3114925378core:UnlistedNon-exchangeTraded2024-08-3114925378core:LandBuildings2023-06-0814925378core:PlantMachinery2023-06-0814925378core:Vehicles2023-06-0814925378core:FurnitureFittings2023-06-0814925378core:OfficeEquipment2023-06-0814925378core:NetGoodwill2023-06-0814925378core:IntangibleAssetsOtherThanGoodwill2023-06-0814925378core:ListedExchangeTraded2023-06-0814925378core:UnlistedNon-exchangeTraded2023-06-0814925378core:LandBuildings2023-06-092024-08-3114925378core:PlantMachinery2023-06-092024-08-3114925378core:Vehicles2023-06-092024-08-3114925378core:FurnitureFittings2023-06-092024-08-3114925378core:OfficeEquipment2023-06-092024-08-3114925378core:NetGoodwill2023-06-092024-08-3114925378core:IntangibleAssetsOtherThanGoodwill2023-06-092024-08-3114925378core:ListedExchangeTraded2023-06-092024-08-3114925378core:UnlistedNon-exchangeTraded2023-06-092024-08-3114925378core:MoreThanFiveYears2023-06-092024-08-3114925378core:Non-currentFinancialInstruments2024-08-3114925378core:Non-currentFinancialInstruments2023-06-0814925378dpl:CostSales2023-06-092024-08-3114925378dpl:DistributionCosts2023-06-092024-08-3114925378core:LandBuildings2023-06-092024-08-3114925378core:PlantMachinery2023-06-092024-08-3114925378core:Vehicles2023-06-092024-08-3114925378core:FurnitureFittings2023-06-092024-08-3114925378core:OfficeEquipment2023-06-092024-08-3114925378dpl:AdministrativeExpenses2023-06-092024-08-3114925378core:NetGoodwill2023-06-092024-08-3114925378core:IntangibleAssetsOtherThanGoodwill2023-06-092024-08-3114925378dpl:GroupUndertakings2023-06-092024-08-3114925378dpl:ParticipatingInterests2023-06-092024-08-3114925378dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-092024-08-3114925378core:ListedExchangeTraded2023-06-092024-08-3114925378dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-092024-08-3114925378core:UnlistedNon-exchangeTraded2023-06-092024-08-3114925378dpl:CostSales2023-06-082023-06-0814925378dpl:DistributionCosts2023-06-082023-06-0814925378core:LandBuildings2023-06-082023-06-0814925378core:PlantMachinery2023-06-082023-06-0814925378core:Vehicles2023-06-082023-06-0814925378core:FurnitureFittings2023-06-082023-06-0814925378core:OfficeEquipment2023-06-082023-06-0814925378dpl:AdministrativeExpenses2023-06-082023-06-0814925378core:NetGoodwill2023-06-082023-06-0814925378core:IntangibleAssetsOtherThanGoodwill2023-06-082023-06-0814925378dpl:GroupUndertakings2023-06-082023-06-0814925378dpl:ParticipatingInterests2023-06-082023-06-0814925378dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-082023-06-0814925378core:ListedExchangeTraded2023-06-082023-06-0814925378dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-082023-06-0814925378core:UnlistedNon-exchangeTraded2023-06-082023-06-0814925378core:NetGoodwill2024-08-3114925378core:IntangibleAssetsOtherThanGoodwill2024-08-3114925378core:LandBuildings2024-08-3114925378core:PlantMachinery2024-08-3114925378core:Vehicles2024-08-3114925378core:FurnitureFittings2024-08-3114925378core:OfficeEquipment2024-08-3114925378core:AfterOneYear2024-08-3114925378core:WithinOneYear2024-08-3114925378core:ListedExchangeTraded2024-08-3114925378core:UnlistedNon-exchangeTraded2024-08-3114925378core:ShareCapital2024-08-3114925378core:SharePremium2024-08-3114925378core:RevaluationReserve2024-08-3114925378core:OtherReservesSubtotal2024-08-3114925378core:RetainedEarningsAccumulatedLosses2024-08-3114925378core:NetGoodwill2023-06-0814925378core:IntangibleAssetsOtherThanGoodwill2023-06-0814925378core:LandBuildings2023-06-0814925378core:PlantMachinery2023-06-0814925378core:Vehicles2023-06-0814925378core:FurnitureFittings2023-06-0814925378core:OfficeEquipment2023-06-0814925378core:AfterOneYear2023-06-0814925378core:WithinOneYear2023-06-0814925378core:ListedExchangeTraded2023-06-0814925378core:UnlistedNon-exchangeTraded2023-06-0814925378core:ShareCapital2023-06-0814925378core:SharePremium2023-06-0814925378core:RevaluationReserve2023-06-0814925378core:OtherReservesSubtotal2023-06-0814925378core:RetainedEarningsAccumulatedLosses2023-06-0814925378core:NetGoodwill2023-06-0814925378core:IntangibleAssetsOtherThanGoodwill2023-06-0814925378core:LandBuildings2023-06-0814925378core:PlantMachinery2023-06-0814925378core:Vehicles2023-06-0814925378core:FurnitureFittings2023-06-0814925378core:OfficeEquipment2023-06-0814925378core:AfterOneYear2023-06-0814925378core:WithinOneYear2023-06-0814925378core:ListedExchangeTraded2023-06-0814925378core:UnlistedNon-exchangeTraded2023-06-0814925378core:ShareCapital2023-06-0814925378core:SharePremium2023-06-0814925378core:RevaluationReserve2023-06-0814925378core:OtherReservesSubtotal2023-06-0814925378core:RetainedEarningsAccumulatedLosses2023-06-0814925378core:AfterOneYear2023-06-092024-08-3114925378core:WithinOneYear2023-06-092024-08-3114925378core:Non-currentFinancialInstrumentscore:CostValuation2023-06-092024-08-3114925378core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-092024-08-3114925378core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-092024-08-3114925378core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-092024-08-3114925378core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-092024-08-3114925378core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-092024-08-3114925378core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-092024-08-3114925378core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-092024-08-3114925378core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-092024-08-3114925378core:Non-currentFinancialInstrumentscore:CostValuation2024-08-3114925378core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-08-3114925378core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-08-3114925378core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-08-3114925378core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-08-3114925378core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-08-3114925378core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-08-3114925378core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-08-3114925378core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-08-3114925378core:Non-currentFinancialInstrumentscore:CostValuation2023-06-0814925378core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-0814925378core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-0814925378core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-0814925378core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-0814925378core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-0814925378core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-0814925378core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-0814925378core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-0814925378bus:Director12023-06-092024-08-3114925378bus:Director22023-06-092024-08-3114925378bus:Director32023-06-092024-08-31

AXEL GROUP LTD

Registered Number
14925378
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2024

AXEL GROUP LTD
Company Information
for the period from 9 June 2023 to 31 August 2024

Directors

MOORE, Alastair Richard Whitby
SMITH, Natalie Louise
TREDGET, Darryl John

Registered Address

Manor Garden Barns 7 Searson Close
Tallington
Stamford
PE9 4RF

Registered Number

14925378 (England and Wales)
AXEL GROUP LTD
Statement of Financial Position
31 August 2024

Notes

2024

£

£

Fixed assets
Tangible assets411,100
11,100
Current assets
Debtors5645,663
Cash at bank and on hand312,457
958,120
Creditors amounts falling due within one year6(636,971)
Net current assets (liabilities)321,149
Total assets less current liabilities332,249
Provisions for liabilities7(2,775)
Net assets329,474
Capital and reserves
Called up share capital120
Profit and loss account329,354
Shareholders' funds329,474
The financial statements were approved and authorised for issue by the Board of Directors on 3 February 2025, and are signed on its behalf by:
MOORE, Alastair Richard Whitby
Director
SMITH, Natalie Louise
Director

Registered Company No. 14925378
AXEL GROUP LTD
Notes to the Financial Statements
for the period ended 31 August 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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

2024
Average number of employees during the year7
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
Additions1,34811,6231,82814,799
At 31 August 241,34811,6231,82814,799
Depreciation and impairment
Charge for year3372,9054573,699
At 31 August 243372,9054573,699
Net book value
At 31 August 241,0118,7181,37111,100
At 08 June 23----
5.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables534,480
Other debtors89,767
Prepayments and accrued income21,416
Total645,663
6.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables413,890
Taxation and social security116,232
Other creditors75,981
Accrued liabilities and deferred income30,868
Total636,971
7.Provisions for liabilities

2024

£
Net deferred tax liability (asset)2,775
Total2,775