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REGISTERED NUMBER: SC358148 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Axiom Project Services Ltd

Axiom Project Services Ltd (Registered number: SC358148)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Axiom Project Services Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C D More
G J Logue
K C McNeil
C C Thomas
A McGoldrick





REGISTERED OFFICE: 35a Melville Street
Edinburgh
EH3 7JF





REGISTERED NUMBER: SC358148 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Axiom Project Services Ltd (Registered number: SC358148)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 101,247 106,888

CURRENT ASSETS
Debtors 5 723,186 594,807
Cash at bank and in hand 1,213,529 940,639
1,936,715 1,535,446
CREDITORS
Amounts falling due within one year 6 920,946 704,602
NET CURRENT ASSETS 1,015,769 830,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,117,016

937,732

PROVISIONS FOR LIABILITIES 14,000 15,500
NET ASSETS 1,103,016 922,232

CAPITAL AND RESERVES
Called up share capital 35,179 36,267
Share premium 9,945 9,945
Capital redemption reserve 14,821 13,733
Retained earnings 1,043,071 862,287
1,103,016 922,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Project Services Ltd (Registered number: SC358148)

Statement of Financial Position - continued
31 December 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 10 June 2025 and were signed on its behalf by:





G J Logue - Director


Axiom Project Services Ltd (Registered number: SC358148)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Axiom Project Services Ltd is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 35 (2023 - 34 ) .

Axiom Project Services Ltd (Registered number: SC358148)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 45,531 42,350 201,191 289,072
Additions - - 10,687 10,687
At 31 December 2024 45,531 42,350 211,878 299,759
DEPRECIATION
At 1 January 2024 - 28,052 154,132 182,184
Charge for year - 3,559 12,769 16,328
At 31 December 2024 - 31,611 166,901 198,512
NET BOOK VALUE
At 31 December 2024 45,531 10,739 44,977 101,247
At 31 December 2023 45,531 14,298 47,059 106,888

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 552,962 532,745
Other debtors 86,638 3,936
Prepayments and accrued income 83,586 58,126
723,186 594,807

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 10,651 7,456
Tax 210,022 251,324
Social security and other taxes 171,027 224,187
VAT 184,682 173,727
Accruals and deferred income 344,564 47,908
920,946 704,602