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REGISTERED NUMBER: 09735419 (England and Wales)


Financial Statements for the Year Ended 30 September 2024

for

Axinte Motors Limited

Axinte Motors Limited (Registered number: 09735419)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Axinte Motors Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr. Adrian Axinte
Mrs Ancute Izabela Axinte





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 09735419 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Axinte Motors Limited (Registered number: 09735419)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 22,710 22,962

CURRENT ASSETS
Debtors 5 10,688 5,352
Cash at bank and in hand 67,482 48,909
78,170 54,261
CREDITORS
Amounts falling due within one year 6 51,450 30,573
NET CURRENT ASSETS 26,720 23,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,430

46,650

PROVISIONS FOR LIABILITIES 1,713 1,713
NET ASSETS 47,717 44,937

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 47,617 44,837
SHAREHOLDERS' FUNDS 47,717 44,937

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.

Axinte Motors Limited (Registered number: 09735419)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





Mr. Adrian Axinte - Director


Axinte Motors Limited (Registered number: 09735419)

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

1. STATUTORY INFORMATION

Axinte Motors 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.

Turnover
Turnover represents net sales of invoiced goods and services excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 October 2023 71,422
Additions 7,318
At 30 September 2024 78,740
DEPRECIATION
At 1 October 2023 48,460
Charge for year 7,570
At 30 September 2024 56,030
NET BOOK VALUE
At 30 September 2024 22,710
At 30 September 2023 22,962

Axinte Motors Limited (Registered number: 09735419)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 8,034 3,077
Other debtors 2,654 2,275
10,688 5,352

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 43,239 10,696
Taxation and social security 3,152 4,032
Other creditors 5,059 15,845
51,450 30,573

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary 1 100 100