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REGISTERED NUMBER: 10174864 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Axal Services Ltd

Axal Services Ltd (Registered number: 10174864)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Axal Services Ltd

Company Information
for the year ended 30 November 2024







DIRECTORS: Mr D G Mccreadie
Mr M Gascoigne
Mr M J Gascoigne
Mr A G Broadley





SECRETARY: Mrs L Broadley





REGISTERED OFFICE: Suite 10 Sandown House
Sandbeck Way
Wetherby
West Yorkshire
LS22 7DN





REGISTERED NUMBER: 10174864 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

Axal Services Ltd (Registered number: 10174864)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 211,200 170,723

CURRENT ASSETS
Inventories 89,922 242,207
Debtors 5 984,594 722,175
Cash at bank 427,963 286,848
1,502,479 1,251,230
CREDITORS
Amounts falling due within one year 6 1,122,660 854,049
NET CURRENT ASSETS 379,819 397,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,019

567,904

CREDITORS
Amounts falling due after more than
one year

7

(64,878

)

(98,741

)

PROVISIONS FOR LIABILITIES 8 (52,800 ) (39,283 )
NET ASSETS 473,341 429,880

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 473,337 429,876
SHAREHOLDERS' FUNDS 473,341 429,880

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

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

Axal Services Ltd (Registered number: 10174864)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:




Mr A G Broadley - Director Mr D G Mccreadie - Director




Mr M Gascoigne - Director Mr M J Gascoigne - Director


Axal Services Ltd (Registered number: 10174864)

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

1. STATUTORY INFORMATION

Axal Services 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Axal Services Ltd (Registered number: 10174864)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 34 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 296,792 6,791 303,583
Additions 99,163 - 99,163
Disposals (19,324 ) - (19,324 )
At 30 November 2024 376,631 6,791 383,422
DEPRECIATION
At 1 December 2023 129,802 3,058 132,860
Charge for year 52,341 746 53,087
Eliminated on disposal (13,725 ) - (13,725 )
At 30 November 2024 168,418 3,804 172,222
NET BOOK VALUE
At 30 November 2024 208,213 2,987 211,200
At 30 November 2023 166,990 3,733 170,723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 857,474 562,698
VAT 120,432 138,575
Prepayments and accrued income 6,688 20,902
984,594 722,175

Axal Services Ltd (Registered number: 10174864)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,769 17,334
Other loans - 8,663
Hire purchase contracts 34,979 35,638
Trade creditors 316,409 251,750
Tax 285,834 136,229
Social security and other taxes 22,826 18,921
Pension control account 6,151 4,683
CIS control account 14,867 17,785
Wages control 52,622 40,957
Amount due to 1 connected co 356,953 319,359
Accruals and deferred income 3,250 2,730
1,122,660 854,049

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 64,878 98,741

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 52,800 39,283

Deferred
tax
£   
Balance at 1 December 2023 39,283
Provided during year 13,517
Balance at 30 November 2024 52,800

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary 1 4 4