REGISTERED NUMBER: 07245034 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Axisware Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Davey

R J Hodgson

A M Jennings

SECRETARY:

R J Hodgson

REGISTERED OFFICE:

Woodend

The Crescent

Scarborough

North Yorkshire

YO11 2PW

REGISTERED NUMBER:

07245034 (England and Wales)

ACCOUNTANTS:

Edward Milnes & Co

Woodend

The Crescent

Scarborough

North Yorkshire

YO11 2PW

FIXED ASSETS

Tangible assets

4

6,173

8,404

CURRENT ASSETS

Stocks

17,290

22,292

Debtors

5

6,019

19,375

Cash at bank

30,028

6,621

53,337

48,288

CREDITORS

Amounts falling due within one year

6

25,904

16,167

NET CURRENT ASSETS

27,433

32,121

TOTAL ASSETS LESS CURRENT LIABILITIES

33,606

40,525

CAPITAL AND RESERVES

Called up share capital

1,500

1,500

Retained earnings

32,106

39,025

33,606

40,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

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 24 September 2025 and were signed on its behalf by:

P R Davey - Director

R J Hodgson - Director

A M Jennings - Director

1.	STATUTORY INFORMATION

Axisware 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 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

-

33% on reducing balance

Bicycles

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

Bicycles

Totals

£

£

£

COST

At 1 June 2024

13,662

2,333

15,995

Additions

388

-

388

At 31 May 2025

14,050

2,333

16,383

DEPRECIATION

At 1 June 2024

7,031

560

7,591

Charge for year

2,265

354

2,619

At 31 May 2025

9,296

914

10,210

NET BOOK VALUE

At 31 May 2025

4,754

1,419

6,173

At 31 May 2024

6,631

1,773

8,404

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

4,548

18,624

Other debtors

30

30

Directors' current accounts

-

86

Prepayments

1,441

635

6,019

19,375

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

2,837

-

Trade creditors

1,315

696

Credit card

2,663

2,801

Tax

7,348

1,382

Social security and other taxes

1,051

1,084

VAT

8,966

8,712

Other creditors

292

299

Directors' current accounts

373

301

Accrued expenses

1,059

892

25,904

16,167

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

£

P R Davey

Balance outstanding at start of year

86

-

Amounts advanced

-

356

Amounts repaid

(86

)

(270

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

86

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £36,000 (2024 - £31,350) were paid to the directors .

9.	CONTROLLING PARTY

The company is under no overall control.