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
XY Axis Ltd
Company Information
for the period from 20 March 2024 to 31 March 2025
Company Number
15579340 (England and Wales)
Registered Office
10 Tremaine Close
Honiton
Devon
EX14 1FZ
England
XY Axis Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
4,133
Creditors: amounts falling due within one year
(14,508)
Net current liabilities
(2,471)
Total assets less current liabilities
(567)
Provisions for liabilities
Profit and loss account
(930)
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
XY Axis Ltd
Notes to the Accounts
for the period from 20 March 2024 to 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
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.
XY Axis Ltd
Notes to the Accounts
for the period from 20 March 2024 to 31 March 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
1,064
6
Creditors: amounts falling due within one year
2025
Taxes and social security
2,959
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.