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Registered Number: 10177063
England and Wales

 

 

 

AXO-MET LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Director Jarrad Alexander Moore
Registered Number 10177063
Registered Office 41 Axon Crescent
Stoke-On-Trent United Kingdom
ST3 6PA
Accountants Stoke on Trent Accountants Ltd
517 King Street
Longton
Stoke-on-trent
ST3 1HE
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 May 2024
Principal activities
Principal activity of the company during the financial year was of Wholesale of waste and scrap
Director
The director who served the company throughout the year was as follows:
Jarrad Alexander Moore
Statement of director's responsibilities
The director is responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Jarrad Alexander Moore
Director

Date approved: 25 October 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 9,148    11,485 
9,148    11,485 
Current assets      
Stocks 4 5,950    5,950 
Debtors 5 15,948    13,001 
Cash at bank and in hand 20,022    32,401 
41,920    51,352 
Creditors: amount falling due within one year 6 (50,903)   (61,687)
Net current assets (8,983)   (10,335)
 
Total assets less current liabilities 165    1,150 
Net assets 165    1,150 
 

Capital and reserves
     
Called up share capital 7 100    100 
Profit and loss account 65    1,050 
Shareholders' funds 165    1,150 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 25 October 2024 and were signed by:


-------------------------------
Jarrad Alexander Moore
Director
3
General Information
Axo-Met Ltd is a private company, limited by shares, registered in England and Wales, registration number 10177063, registration address 41 Axon Crescent, Stoke-On-Trent United Kingdom, ST3 6PA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognized in the statement of income, except to the extent that it relates to items recognized in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and machinery   Fixtures and Fittings   Motor Vehicles   Computer Equipment   Total
  £   £   £   £   £
At 01 June 2023 7,299    16,831    3,397    1,059    28,586 
Additions 180          180 
Disposals        
At 31 May 2024 7,479    16,831    3,397    1,059    28,766 
Depreciation
At 01 June 2023 3,137    11,628    1,983    353    17,101 
Charge for year 651    1,301    212    353    2,517 
On disposals        
At 31 May 2024 3,788    12,929    2,195    706    19,618 
Net book values
Closing balance as at 31 May 2024 3,691    3,902    1,202    353    9,148 
Opening balance as at 01 June 2023 4,162    5,203    1,414    706    11,485 


4.

Stocks

2024
£
  2023
£
Stocks 5,950    5,950 
5,950    5,950 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 2,948   
Other Debtors   1 
2,948    1 

5.

Debtors: amounts falling due after one year

2024
£
  2023
£
Bella Toiletries &Temporary loan 13,000    13,000 
13,000    13,000 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 3,248    3,878 
Accrued Expenses   1,113 
HSBC Loan- 6730 15,565    23,061 
Directors' Current Accounts 27,319    29,489 
VAT 4,771    4,146 
50,903    61,687 

7.

Share Capital

Authorised
100 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

4