Registered number
10159815
Axela Limited
Filleted Accounts
31 May 2024
Axela Limited
Registered number: 10159815
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 90,120 80,220
Current assets
Debtors 4 257,934 254,934
Cash at bank and in hand 1,259 936
259,193 255,870
Creditors: amounts falling due within one year 5 (74,430) (58,800)
Net current assets 184,763 197,070
Total assets less current liabilities 274,883 277,290
Creditors: amounts falling due after more than one year 6 (335,037) (332,037)
Net liabilities (60,154) (54,747)
Capital and reserves
Called up share capital 100 100
Profit and loss account (60,254) (54,847)
Shareholder's funds (60,154) (54,747)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Nicholas Kelly
Director
Approved by the board on 11 February 2025
Axela 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group and group accounts have not been prepared.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 June 2023 30,186 50,034 80,220
Additions 9,900 - 9,900
At 31 May 2024 40,086 50,034 90,120
The company holds 20% or more of the share capital of the following companies:
Company Capital and Profit (loss)
Shares held reserves for the year
Class % £ £
Axela Care Limited Ordinary 100 707,890 186,683
Axela Innovations Limited Ordinary 95 (226,356) (81,725)
Pair My Care Limited Ordinary 100 (2,179) (2,180)
Axela Solutions Limited Ordinary 99 3,224 (6,776)
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 243,750 240,750
Other debtors 14,184 14,184
257,934 254,934
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 10 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 73,100 57,600
Other creditors 1,320 1,200
74,430 58,800
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 335,037 332,037
7 Other information
Axela 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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