REGISTERED NUMBER: 04629168 (England and Wales)

Audited Financial Statements for the Year Ended 30 April 2025

for

Axiom Engineering Associates Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Potter

Mr R M Johnson

Mr I Clifford

SECRETARY:

Mr A Potter

REGISTERED OFFICE:

14 Woodstock Court

Bowesfield Crescent

Bowesfield Lane Industrial Estate

Stockton on Tees

TS18 3BL

REGISTERED NUMBER:

04629168 (England and Wales)

SENIOR STATUTORY AUDITOR:

John Benson FCA

AUDITORS:

JBC Accountants Limited

Statutory Auditor

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

FIXED ASSETS

Tangible assets

4

675,554

530,207

CURRENT ASSETS

Debtors

5

3,108,582

3,018,907

Cash at bank and in hand

712,481

457,884

3,821,063

3,476,791

CREDITORS

Amounts falling due within one year

6

1,188,210

848,817

NET CURRENT ASSETS

2,632,853

2,627,974

TOTAL ASSETS LESS CURRENT LIABILITIES

3,308,407

3,158,181

PROVISIONS FOR LIABILITIES

100,807

83,377

NET ASSETS

3,207,600

3,074,804

CAPITAL AND RESERVES

Called up share capital

1,600

1,600

Retained earnings

3,206,000

3,073,204

SHAREHOLDERS' FUNDS

3,207,600

3,074,804

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

Mr A Potter - Director

Mr R M Johnson - Director

1.	STATUTORY INFORMATION

Axiom Engineering Associates 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with it's parent.

Turnover

Turnover 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.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 15% on reducing balance

Grants received in respect of tangible fixed assets are accrued and released in line with the depreciation charge of the relevant asset.

Where there is an indication of impairment, an impairment review will be carried out and tangible fixed assets will be reduced to their recoverable amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs and other post-retirement benefits

The company makes contributions into personal pension plans. Amounts payable are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 88 (2024 - 78 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

Plant and

and

to property

machinery

fittings

£

£

£

COST

At 1 May 2024

244,141

503,206

97,254

Additions

158,791

45,727

4,379

Disposals

-

(83,725

)

-

At 30 April 2025

402,932

465,208

101,633

DEPRECIATION

At 1 May 2024

6,144

389,392

65,668

Charge for year

6,917

30,081

5,481

Eliminated on disposal

-

(56,484

)

-

At 30 April 2025

13,061

362,989

71,149

NET BOOK VALUE

At 30 April 2025

389,871

102,219

30,484

At 30 April 2024

237,997

113,814

31,586

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

103,756

248,533

1,196,890

Additions

38,543

20,442

267,882

Disposals

-

-

(83,725

)

At 30 April 2025

142,299

268,975

1,381,047

DEPRECIATION

At 1 May 2024

23,752

181,727

666,683

Charge for year

25,251

27,564

95,294

Eliminated on disposal

-

-

(56,484

)

At 30 April 2025

49,003

209,291

705,493

NET BOOK VALUE

At 30 April 2025

93,296

59,684

675,554

At 30 April 2024

80,004

66,806

530,207

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade debtors

1,868,773

1,562,169

Amounts owed by group undertakings

794,610

923,110

Amounts recoverable on contract

171,299

247,282

Other debtors

273,900

286,346

3,108,582

3,018,907

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade creditors

238,927

226,988

Taxation and social security

796,133

467,491

Other creditors

153,150

154,338

1,188,210

848,817

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30/4/25

30/4/24

£

£

Within one year

93,543

78,550

Between one and five years

379,507

125,767

In more than five years

67,833

-

540,883

204,317

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Benson FCA (Senior Statutory Auditor)

for and on behalf of JBC Accountants Limited

9.	CAPITAL COMMITMENTS

30/4/25

30/4/24

£

£

Contracted but not provided for in the

financial statements

13,500

-

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.