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Registration number: 10386472

Axiologik Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Axiologik Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Axiologik Limited

Company Information

Directors

Mr A J Stanbury

Mr R E Stanger

Mr B C Davison

Registered office

Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ

Accountants

Turner Lister & Co (TLC Accountants)
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ

 

Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Axiologik Limited
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Axiologik Limited for the year ended 30 September 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Axiologik Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Axiologik Limited and state those matters that we have agreed to state to the Board of Directors of Axiologik Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Axiologik Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Axiologik Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Axiologik Limited. You consider that Axiologik Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Axiologik Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Turner Lister & Co (TLC Accountants)
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ

27 June 2025

 

Axiologik Limited

(Registration number: 10386472)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

416,494

534,469

Current assets

 

Debtors

5

2,495,804

2,749,940

Cash at bank and in hand

 

10,562

602,249

 

2,506,366

3,352,189

Creditors: Amounts falling due within one year

6

(2,278,392)

(2,403,799)

Net current assets

 

227,974

948,390

Total assets less current liabilities

 

644,468

1,482,859

Creditors: Amounts falling due after more than one year

6

(9,921)

(23,148)

Provisions for liabilities

(79,134)

(101,549)

Net assets

 

555,413

1,358,162

Capital and reserves

 

Called up share capital

7

20

20

Retained earnings

555,393

1,358,142

Shareholders' funds

 

555,413

1,358,162

 

Axiologik Limited

(Registration number: 10386472)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

Mr A J Stanbury
Director

Mr R E Stanger
Director

Mr B C Davison
Director

     
 

Axiologik Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 27 June 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency of the company is GBP. All amounts are rounded to the nearest £1.

Going concern

The directors believe the Company will be able to meet its liabilities as they fall due for a period of at least 12 months from the date of signing these financial statements and have concluded that it is appropriate to prepare the financial statements on a going concern basis

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Axiologik Limited

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Plant & machinery

25% straight line

Leasehold improvements

10% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Axiologik Limited

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

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 39 (2023 - 32).

 

Axiologik Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost

At 1 October 2023

210,912

110,299

314,151

28,910

664,272

Additions

-

2,379

-

-

2,379

Disposals

-

(23,825)

-

(7,419)

(31,244)

At 30 September 2024

210,912

88,853

314,151

21,491

635,407

Depreciation

At 1 October 2023

31,053

53,375

26,179

19,196

129,803

Charge for the year

21,091

30,383

62,830

6,050

120,354

Eliminated on disposal

-

(23,825)

-

(7,419)

(31,244)

At 30 September 2024

52,144

59,933

89,009

17,827

218,913

Net book value

At 30 September 2024

158,768

28,920

225,142

3,664

416,494

At 30 September 2023

179,859

56,924

287,972

9,714

534,469


 

Included within the net book value of motor vehicles above is £53,294 (2023 - £68,167) in respect of assets under finance leases.

 

Axiologik Limited

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

5

Debtors

Current

2024
£

2023
£

Trade debtors

2,085,285

2,438,257

Prepayments

63,207

64,278

Other debtors

347,312

247,405

 

2,495,804

2,749,940

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

530,493

276,208

Trade creditors

 

835,105

1,235,014

Taxation and social security

 

450,412

380,176

Accruals and deferred income

 

413,942

486,959

Other creditors

 

48,440

25,442

 

2,278,392

2,403,799

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

9,921

23,148

 

Axiologik Limited

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

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.01 each

990

10

990

10

A - F Ordinary shares of £0.01 each

1,020

10

1,020

10

2,010

20

2,010

20

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

9,921

23,148

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

226,547

-

Other borrowings

303,946

276,208

530,493

276,208

Included within other borrowings due within one year is amounts owed to directors of £290,718 (2023: £262,981), during the year repayments of £1,276,560 were made and advances of £1,304,297 were received. These balances are interest free and repayable on demand.