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REGISTERED NUMBER: 05767123 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Axiom Retail Interiors Ltd

Axiom Retail Interiors Ltd (Registered number: 05767123)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Axiom Retail Interiors Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: D C Taylor
P A Ludlam
W Robertson





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
LE1 3RW





REGISTERED NUMBER: 05767123 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Axiom Retail Interiors Ltd (Registered number: 05767123)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,791 34,134
Investments 5 15,857 72,045
30,648 106,179

CURRENT ASSETS
Stocks 205,472 81,697
Debtors 6 1,718,793 1,380,963
Cash at bank and in hand 563,470 670,145
2,487,735 2,132,805
CREDITORS
Amounts falling due within one year 7 (1,339,172 ) (1,058,634 )
NET CURRENT ASSETS 1,148,563 1,074,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,179,211

1,180,350

PROVISIONS FOR LIABILITIES (1,452 ) (5,664 )
NET ASSETS 1,177,759 1,174,686

CAPITAL AND RESERVES
Called up share capital 20,251 20,251
Retained earnings 1,157,508 1,154,435
SHAREHOLDERS' FUNDS 1,177,759 1,174,686

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.

Axiom Retail Interiors Ltd (Registered number: 05767123)

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





P A Ludlam - Director


Axiom Retail Interiors Ltd (Registered number: 05767123)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Axiom Retail Interiors Ltd 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 comprises revenue recognised in respect of goods and services supplied, on a short-term and long-term basis during the year, exclusive of Value Added Tax and trade discounts.

In the case of long-term contracts, turnover reflects the contract activity during the year and represents the proportion of total contract value which costs incurred to date bear to total contract costs.

Some contracts include retentions which, due to their inherent risk, are accounted for when they are received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Axiom Retail Interiors Ltd (Registered number: 05767123)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 the Statement of Income and Retained Earnings in the period to which they relate.

Fixed asset investments
Fixed asset investments are measured are valued at fair value and the corresponding gain or loss is recognised in the Statement of Income and Retained Earnings.

Long-term contracts
Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 55 ) .

Axiom Retail Interiors Ltd (Registered number: 05767123)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 52,452 349,132 22,643
Additions - - -
Disposals - - -
At 30 September 2024 52,452 349,132 22,643
DEPRECIATION
At 1 October 2023 49,356 334,413 22,514
Charge for year 3,094 3,839 127
Eliminated on disposal - - -
At 30 September 2024 52,450 338,252 22,641
NET BOOK VALUE
At 30 September 2024 2 10,880 2
At 30 September 2023 3,096 14,719 129

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 96,071 55,848 576,146
Additions - 2,856 2,856
Disposals (20,952 ) - (20,952 )
At 30 September 2024 75,119 58,704 558,050
DEPRECIATION
At 1 October 2023 84,436 51,293 542,012
Charge for year 10,273 4,866 22,199
Eliminated on disposal (20,952 ) - (20,952 )
At 30 September 2024 73,757 56,159 543,259
NET BOOK VALUE
At 30 September 2024 1,362 2,545 14,791
At 30 September 2023 11,635 4,555 34,134

Axiom Retail Interiors Ltd (Registered number: 05767123)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 72,045
Additions 34,006
Disposals (102,695 )
Revaluations 12,501
At 30 September 2024 15,857
NET BOOK VALUE
At 30 September 2024 15,857
At 30 September 2023 72,045


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,607,552 824,330
Amounts recoverable on contracts 41,210 490,984
Other debtors 70,031 65,649
1,718,793 1,380,963

Other debtors includes prepayments and accrued income of £49,162 (2023 - £47,421).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Payments on account 66,040 1,092
Trade creditors 448,699 403,140
Taxation and social security 690,806 519,899
Other creditors 133,627 134,503
1,339,172 1,058,634

Other creditors includes accruals and deferred income of £79,165 (2023 - £96,949).

8. LEASING AGREEMENTS
The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £nil (2023 - £7,544).