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Company Registration No. 15579340 (England and Wales)
XY Axis Ltd Unaudited accounts for the period from 20 March 2024 to 31 March 2025
XY Axis Ltd Unaudited accounts Contents
Page
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XY Axis Ltd Company Information for the period from 20 March 2024 to 31 March 2025
Director
T J Wood
Company Number
15579340 (England and Wales)
Registered Office
10 Tremaine Close Honiton Devon EX14 1FZ England
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XY Axis Ltd Statement of financial position as at 31 March 2025
2025 
Notes
£ 
Fixed assets
Tangible assets
1,904 
Current assets
Debtors
7,904 
Cash at bank and in hand
4,133 
12,037 
Creditors: amounts falling due within one year
(14,508)
Net current liabilities
(2,471)
Total assets less current liabilities
(567)
Provisions for liabilities
Deferred tax
(362)
Net liabilities
(929)
Capital and reserves
Called up share capital
1 
Profit and loss account
(930)
Shareholders' funds
(929)
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 April 2025 and were signed on its behalf by
T J Wood Director Company Registration No. 15579340
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XY Axis Ltd Notes to the Accounts for the period from 20 March 2024 to 31 March 2025
1
Statutory information
XY Axis Ltd is a private company, limited by shares, registered in England and Wales, registration number 15579340. The registered office is 10 Tremaine Close, Honiton, Devon, EX14 1FZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
The accounts have been prepared on a going concern basis on the understanding that the director will continue to support the company for the foreseeable future.
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XY Axis Ltd Notes to the Accounts for the period from 20 March 2024 to 31 March 2025
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 20 March 2024
- 
Additions
2,678 
At 31 March 2025
2,678 
Depreciation
Charge for the period
774 
At 31 March 2025
774 
Net book value
At 31 March 2025
1,904 
5
Debtors
2025 
£ 
Amounts falling due within one year
Trade debtors
6,840 
Accrued income and prepayments
1,064 
7,904 
6
Creditors: amounts falling due within one year
2025 
£ 
Taxes and social security
2,959 
Other creditors
4,269 
Accruals
7,280 
14,508 
Included in other creditors is a director's loan of £4,269 for which no repayment or interest terms have been set.
7
Average number of employees
During the period the average number of employees was 1.
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