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REGISTERED NUMBER: 13503585 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Mister Axle Ltd

Mister Axle Ltd (Registered number: 13503585)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mister Axle Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr I Wheatcroft
Ms M Roden





REGISTERED OFFICE: 16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH





REGISTERED NUMBER: 13503585 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Mister Axle Ltd (Registered number: 13503585)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,313 10,477
Tangible assets 5 54,605 59,106
63,918 69,583

CURRENT ASSETS
Stocks 2,190 2,085
Debtors 6 12,281 3,024
Cash at bank 406,449 234,763
420,920 239,872
CREDITORS
Amounts falling due within one year 7 173,733 94,665
NET CURRENT ASSETS 247,187 145,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,105

214,790

PROVISIONS FOR LIABILITIES 8 10,375 11,230
NET ASSETS 300,730 203,560

Mister Axle Ltd (Registered number: 13503585)

Balance Sheet - continued
31 July 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 300,630 203,460
SHAREHOLDERS' FUNDS 300,730 203,560

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:





Mr I Wheatcroft - Director


Mister Axle Ltd (Registered number: 13503585)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Mister Axle 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance basis
Fixtures and fittings - 15% on reducing balance basis

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Mister Axle Ltd (Registered number: 13503585)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 11,641
AMORTISATION
At 1 August 2023 1,164
Charge for year 1,164
At 31 July 2024 2,328
NET BOOK VALUE
At 31 July 2024 9,313
At 31 July 2023 10,477

Mister Axle Ltd (Registered number: 13503585)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2023 78,171 8,124 86,295
Additions 8,783 - 8,783
At 31 July 2024 86,954 8,124 95,078
DEPRECIATION
At 1 August 2023 24,934 2,255 27,189
Charge for year 12,404 880 13,284
At 31 July 2024 37,338 3,135 40,473
NET BOOK VALUE
At 31 July 2024 49,616 4,989 54,605
At 31 July 2023 53,237 5,869 59,106

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,281 1,109
Other debtors 3,000 1,915
12,281 3,024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,397 35,289
Taxation and social security 76,413 50,339
Other creditors 59,923 9,037
173,733 94,665

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,375 11,230

Mister Axle Ltd (Registered number: 13503585)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 11,230
Provided during year (855 )
Balance at 31 July 2024 10,375