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 |