IRIS Accounts Production v24.2.0.383 02955555 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029555552023-09-30029555552024-09-30029555552023-10-012024-09-30029555552022-09-30029555552022-10-012023-09-30029555552023-09-3002955555ns15:EnglandWales2023-10-012024-09-3002955555ns14:PoundSterling2023-10-012024-09-3002955555ns10:Director12023-10-012024-09-3002955555ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3002955555ns10:SmallEntities2023-10-012024-09-3002955555ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3002955555ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3002955555ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3002955555ns10:AbridgedAccounts2023-10-012024-09-300295555512023-10-012024-09-3002955555ns10:OrdinaryShareClass12023-10-012024-09-3002955555ns10:Director22023-10-012024-09-3002955555ns10:CompanySecretary12023-10-012024-09-3002955555ns10:RegisteredOffice2023-10-012024-09-3002955555ns5:CurrentFinancialInstruments2024-09-3002955555ns5:CurrentFinancialInstruments2023-09-3002955555ns5:ShareCapital2024-09-3002955555ns5:ShareCapital2023-09-3002955555ns5:SharePremium2024-09-3002955555ns5:SharePremium2023-09-3002955555ns5:RevaluationReserve2024-09-3002955555ns5:RevaluationReserve2023-09-3002955555ns5:CapitalRedemptionReserve2024-09-3002955555ns5:CapitalRedemptionReserve2023-09-3002955555ns5:FurtherSpecificReserve1ComponentTotalEquity2024-09-3002955555ns5:FurtherSpecificReserve1ComponentTotalEquity2023-09-3002955555ns5:RetainedEarningsAccumulatedLosses2024-09-3002955555ns5:RetainedEarningsAccumulatedLosses2023-09-3002955555ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-10-012024-09-3002955555ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-10-012024-09-3002955555ns5:PlantMachinery2023-10-012024-09-3002955555ns5:FurnitureFittings2023-10-012024-09-3002955555ns10:OrdinaryShareClass12024-09-3002955555ns5:RevaluationReserve2023-09-30
REGISTERED NUMBER: 02955555 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Axiomatic Technology Limited

Axiomatic Technology Limited (Registered number: 02955555)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Axiomatic Technology Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: D J Moore
M J Scott





SECRETARY: M J Scott





REGISTERED OFFICE: Station House
Station Road
Lowdham
Nottingham
Nottinghamshire
NG14 7DU





REGISTERED NUMBER: 02955555 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Axiomatic Technology Limited (Registered number: 02955555)

Abridged Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 467,643 475,497
467,643 475,497

CURRENT ASSETS
Stocks 60,443 55,320
Debtors 118,742 136,870
Cash at bank and in hand 248,468 207,084
427,653 399,274
CREDITORS
Amounts falling due within one year 84,389 62,002
NET CURRENT ASSETS 343,264 337,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

810,907

812,769

PROVISIONS FOR LIABILITIES (40,717 ) (31,050 )

ACCRUALS AND DEFERRED INCOME (213,732 ) (216,029 )
NET ASSETS 556,458 565,690

CAPITAL AND RESERVES
Called up share capital 6 8,500 8,500
Share premium 1,900 1,900
Revaluation reserve 7 338,781 354,383
Capital redemption reserve 2,103 2,103
Non-distributable reserves (4,354 ) (4,354 )
Retained earnings 209,528 203,158
SHAREHOLDERS' FUNDS 556,458 565,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Axiomatic Technology Limited (Registered number: 02955555)

Abridged Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 March 2025 and were signed on its behalf by:





D J Moore - Director


Axiomatic Technology Limited (Registered number: 02955555)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Axiomatic Technology Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Development costs
Development costs, being capitalised development costs from 2010, are now fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% of cost or valuation
Plant and machinery - 25% per annum straight line
Fixtures and fittings - 15% on cost

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

Research and development
Expenditure on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and understanding, is recognised in the profit and loss account as an expense as it is incurred.

Expenditure on development activities, whereby research findings are applied to a plan or design for the production of new or substantially improved products and processes, is capitalised if the product or process is technically and commercially feasible and the company has sufficient resources to complete development. Other development expenditure is recognised in the profit and loss account as an expense as it is incurred. Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses.

Amortisation is charged to the profit and loss account on a straight-line basis over the expected period the product is to be sold or used which is considered by the directors as 20 years.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants of a revenue nature are recognised in the profit and loss account of the period to which they relate.

Axiomatic Technology Limited (Registered number: 02955555)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 70,882
AMORTISATION
At 1 October 2023
and 30 September 2024 70,882
NET BOOK VALUE

At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 October 2023 527,468
Additions 2,033
At 30 September 2024 529,501
DEPRECIATION
At 1 October 2023 51,971
Charge for year 9,887
At 30 September 2024 61,858
NET BOOK VALUE
At 30 September 2024 467,643
At 30 September 2023 475,497

Cost or valuation at 30 September 2024 is represented by:

Totals
£   
Valuation in 2002 21,768
Valuation in 2007 50,000
Valuation in 2015 (50,000 )
Valuation in 2023 275,000
Cost 232,733
529,501

Axiomatic Technology Limited (Registered number: 02955555)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

If Freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 178,232 178,232
Aggregate depreciation 77,483 73,918

Freehold land and buildings were valued on an open market basis on 30 September 2024 by the directors .

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 8,500 8,500

7. RESERVES
Revaluation
reserve
£   
At 1 October 2023 354,383
Transfer to profit & loss (5,935 )
Deferred tax transfer (9,667 )

At 30 September 2024 338,781

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest is being accrued on directors loan and current account balances at 1% over bank base rate.