Registered number
08605035
Axela Care Limited
Filleted Accounts
31 May 2024
Axela Care Limited
Registered number: 08605035
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 2,616 4,021
Current assets
Debtors 5 633,795 502,660
Cash at bank and in hand 208,026 148,443
841,821 651,103
Creditors: amounts falling due within one year 6 (136,547) (133,917)
Net current assets 705,274 517,186
Net assets 707,890 521,207
Capital and reserves
Called up share capital 90 90
Profit and loss account 707,800 521,117
Shareholders' funds 707,890 521,207
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Kelly
Director
Approved by the board on 11 February 2025
Axela Care Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
2 Corporation tax 2024 2023
£ £
Current year 82 0
Prior year refund (38,206) (38,206)
(38,124) (38,206)
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 31 27
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 7,579
At 31 May 2024 7,579
Depreciation
At 1 June 2023 3,558
Charge for the year 1,405
At 31 May 2024 4,963
Net book value
At 31 May 2024 2,616
At 31 May 2023 4,021
5 Debtors 2024 2023
£ £
Trade debtors 14,188 14,320
Amounts owed by group undertakings and undertakings in which the company has a participating interest 530,241 409,401
Other debtors 89,366 78,939
633,795 502,660
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,377 516
Taxation and social security costs 25,229 5,843
Other creditors 108,941 127,558
136,547 133,917
7 Controlling party
The company is under the control of its directors. The company's immediate and ultimate parent company is Axela Limited, a company registered in the UK. The ultimate controlling party is N Kelly who controls 100% of the shares of Axela Limited.
8 Other information
Axela Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Opal Mews
London
NW6 7JU
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