Axion Leadership Limited 05000722 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the provision of management consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 05000722 2024-01-01 2024-12-31 05000722 2024-12-31 05000722 bus:OrdinaryShareClass1 2024-12-31 05000722 bus:OrdinaryShareClass2 2024-12-31 05000722 bus:OrdinaryShareClass3 2024-12-31 05000722 core:CurrentFinancialInstruments 2024-12-31 05000722 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05000722 core:FurnitureFittingsToolsEquipment 2024-12-31 05000722 bus:SmallEntities 2024-01-01 2024-12-31 05000722 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05000722 bus:FilletedAccounts 2024-01-01 2024-12-31 05000722 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05000722 bus:RegisteredOffice 2024-01-01 2024-12-31 05000722 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 05000722 bus:Director3 2024-01-01 2024-12-31 05000722 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 05000722 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 05000722 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 05000722 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05000722 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 05000722 core:OfficeEquipment 2024-01-01 2024-12-31 05000722 countries:England 2024-01-01 2024-12-31 05000722 2023-12-31 05000722 core:FurnitureFittingsToolsEquipment 2023-12-31 05000722 2023-01-01 2023-12-31 05000722 2023-12-31 05000722 bus:OrdinaryShareClass1 2023-12-31 05000722 bus:OrdinaryShareClass2 2023-12-31 05000722 bus:OrdinaryShareClass3 2023-12-31 05000722 core:CurrentFinancialInstruments 2023-12-31 05000722 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05000722 core:FurnitureFittingsToolsEquipment 2023-12-31 05000722 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05000722 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 05000722 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05000722

Axion Leadership Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Axion Leadership Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Axion Leadership Limited

Company Information

Directors

Mr R A Rawlinson

Mr Z J Rawlinson

Company secretary

Mr R A Rawlinson

Registered office

Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

Accountants

Tax Innovations Limited
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

 

Axion Leadership Limited

(Registration number: 05000722)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,021

2,651

Current assets

 

Debtors

5

2

231

Cash at bank and in hand

 

125,990

187,752

 

125,992

187,983

Creditors: Amounts falling due within one year

6

(1,650)

(2,480)

Net current assets

 

124,342

185,503

Net assets

 

126,363

188,154

Capital and reserves

 

Called up share capital

7

3

3

Retained earnings

126,360

188,151

Shareholders' funds

 

126,363

188,154

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 March 2025 and signed on its behalf by:
 

 

Axion Leadership Limited

(Registration number: 05000722)
Balance Sheet as at 31 December 2024

.........................................
Mr R A Rawlinson
Company secretary and director

 

Axion Leadership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The policies applied under the entity's previous accounting framework are not materially different to FRS102 Section 1A and have not impacted on equity or profit and loss.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

 

Axion Leadership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

Straight line basis at 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Axion Leadership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Axion Leadership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

7,643

7,643

Additions

447

447

Disposals

(531)

(531)

At 31 December 2024

7,559

7,559

Depreciation

At 1 January 2024

4,992

4,992

Charge for the year

678

678

Eliminated on disposal

(132)

(132)

At 31 December 2024

5,538

5,538

Carrying amount

At 31 December 2024

2,021

2,021

At 31 December 2023

2,651

2,651

5

Debtors

Current

2024
£

2023
£

Other debtors

2

231

 

2

231

 

Axion Leadership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,650

2,480

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

1

1

1

1

Ordinary B shares of £1 each

1

1

1

1

Ordinary C shares of £1 each

1

1

1

1

3

3

3

3

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £15.00 per each Ordinary A shares

15,000

15,000

Interim dividend of £15.00 per each Ordinary B shares

15,000

15,000

Interim dividend of £15.00 per each Ordinary C shares

15,000

15,000

45,000

45,000

 

Axion Leadership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

11,100

11,100