REGISTERED NUMBER: 02571168 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Axle Weight Technology Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

8

DIRECTORS:

K.B. Gresham

P.W. Lash

S.P. Jones

J Gresham

A Littlejohn

SECRETARY:

K.B. Gresham

REGISTERED OFFICE:

Axtec House

Stuart Road

Runcorn

WA7 1TS

REGISTERED NUMBER:

02571168 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

FIXED ASSETS

Tangible assets

4

1,740,004

1,717,329

CURRENT ASSETS

Stocks

923,442

925,211

Debtors

5

1,018,090

1,107,767

Cash at bank and in hand

680,094

402,933

2,621,626

2,435,911

CREDITORS

Amounts falling due within one year

6

1,587,535

1,719,639

NET CURRENT ASSETS

1,034,091

716,272

TOTAL ASSETS LESS CURRENT LIABILITIES

2,774,095

2,433,601

CREDITORS

Amounts falling due after more than one year

7

(494,170

)

(1,099,633

)

PROVISIONS FOR LIABILITIES

(157,375

)

(161,108

)

NET ASSETS

2,122,550

1,172,860

CAPITAL AND RESERVES

Called up share capital

9

76,260

76,260

Share premium

214,267

214,267

Capital redemption reserve

28,570

28,570

Retained earnings

1,803,453

853,763

SHAREHOLDERS' FUNDS

2,122,550

1,172,860

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.

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 23 September 2025 and were signed on its behalf by:

K.B. Gresham - Director

1.	STATUTORY INFORMATION

Axle Weight Technology 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Freehold property is initially recorded at cost on acquisition and subsequently at valuation less accumulated depreciation.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold property - 2% on cost or valuation

Improvements to property - 2% on cost

Plant and machinery - 10% on cost

Fixtures and fittings - 10% on reducing balance

Motor vehicles - 25% on reducing balance

Computer equipment - 33.33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their useful lives or the lease term., whichever is the shorter.

The interest element of these obligations is charged to the Income Statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Income Statement 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 the Income Statement in the period to which they relate.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Share capital

Ordinary, Ordinary B, Ordinary C, Ordinary D, Ordinary E, Ordinary F, Ordinary G, Ordinary I, Ordinary J, Ordinary K, Ordinary L, Ordinary M and Ordinary N shares are classed as equity.

Distributions to equity holders

Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Revaluation reserve

Freehold property is initially recorded at cost on acquisition and subsequently at valuation less accumulated depreciation. Any increase in market value is credited to a revaluation reserve. Any diminution in market value, below that of amounts already credited to the revaluation reserve, are charged to the Income Statement. Any increases in property values which were previously charged to the Income Statement are credited from the Income Statement to the extent that the original charge is reversed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

1,300,000

1,052,500

2,352,500

Additions

-

157,704

157,704

Disposals

-

(17,617

)

(17,617

)

At 31 December 2024

1,300,000

1,192,587

2,492,587

DEPRECIATION

At 1 January 2024

78,000

557,171

635,171

Charge for year

26,000

107,032

133,032

Eliminated on disposal

-

(15,620

)

(15,620

)

At 31 December 2024

104,000

648,583

752,583

NET BOOK VALUE

At 31 December 2024

1,196,000

544,004

1,740,004

At 31 December 2023

1,222,000

495,329

1,717,329

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2020

(447,571

)

-

(447,571

)

Cost

1,747,571

1,192,587

2,940,158

1,300,000

1,192,587

2,492,587

The directors have reviewed the property valuation and believe it to be correctly stated..

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 January 2024

367,615

Additions

73,499

Transfer to ownership

(48,790

)

At 31 December 2024

392,324

DEPRECIATION

At 1 January 2024

200,745

Charge for year

44,780

Transfer to ownership

(37,212

)

At 31 December 2024

208,313

NET BOOK VALUE

At 31 December 2024

184,011

At 31 December 2023

166,870

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

909,990

995,536

Other debtors

108,100

112,231

1,018,090

1,107,767

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

175,978

172,999

Hire purchase contracts

51,249

62,043

Trade creditors

174,749

130,500

Taxation and social security

453,357

650,849

Other creditors

732,202

703,248

1,587,535

1,719,639

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

377,451

553,431

Hire purchase contracts

72,667

70,163

Other creditors

44,052

476,039

494,170

1,099,633

Amounts falling due in more than five years:

Repayable by instalments

Bank loans repayable after more than five years

16,038

96,370

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

123,916

132,206

Bank loans

420,097

493,096

544,013

625,302

The bank loan is secured with National Westminster Bank PLC, security is held against all freehold property.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

85,500

Ordinary

£1

76,000

76,000

90

Ordinary B

£1

80

80

90

Ordinary C

£1

80

80

10

Ordinary D

£1

10

10

10

Ordinary E

£1

10

10

10

Ordinary F

£1

10

10

10

Ordinary G

£1

10

10

10

Ordinary H

£1

-

-

10

Ordinary I

£1

10

10

10

Ordinary J

£1

10

10

10

Ordinary K

£1

10

10

10

Ordinary L

£1

10

10

10

Ordinary M

£1

10

10

10

Ordinary N

£1

10

10

76,260

76,260

10.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company has non cancellable operating lease commitments totalling £136,794 (2023: £121,487).

11.	RELATED PARTY DISCLOSURES

At the year end, the directors were owed £272,525 (2023 - £688,791). The amounts are unsecured and accrue interest at a commercial rate.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Axle Weight Technology Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Axle Weight Technology Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Axle Weight Technology Limited and state those matters that we have agreed to state to the Board of Directors of Axle Weight Technology Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Axle Weight Technology Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Axle Weight Technology Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Axle Weight Technology Limited. You consider that Axle Weight Technology 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 financial statements of Axle Weight Technology 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 financial statements.

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

23 September 2025