Axia Procurement Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: NI675732 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Axia Procurement Ltd

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

A Hill

REGISTERED OFFICE:

106 Orby Drive

Belfast

Co. Antrim

BT5 6AG

REGISTERED NUMBER:

NI675732 (Northern Ireland)

ACCOUNTANTS:

Henderson & Co

Chartered Certified Accountants

15 Killuney Drive

Armagh

Co. Armagh

BT60 1AY

BANKERS:

Starling Bank Limited

3rd Floor

2 Finsbury Avenue

London

EC2M 2PP

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2025 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Henderson & Co

Chartered Certified Accountants

15 Killuney Drive

Armagh

Co. Armagh

BT60 1AY

3 October 2025

FIXED ASSETS

Tangible assets

4

3,601

2,768

CURRENT ASSETS

Debtors

5

4,680

6,312

Cash at bank

90,701

67,558

95,381

73,870

CREDITORS

Amounts falling due within one year

6

26,154

19,274

NET CURRENT ASSETS

69,227

54,596

TOTAL ASSETS LESS CURRENT
LIABILITIES

72,828

57,364

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

8

72,827

57,363

SHAREHOLDERS' FUNDS

72,828

57,364

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 October 2025 and were signed by:

A Hill - Director

1.	STATUTORY INFORMATION

Axia Procurement Ltd is a private company, limited by shares , registered in Northern Ireland. 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 etc

-

10% 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 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 February 2024

3,428

Additions

1,233

At 31 January 2025

4,661

DEPRECIATION

At 1 February 2024

660

Charge for year

400

At 31 January 2025

1,060

NET BOOK VALUE

At 31 January 2025

3,601

At 31 January 2024

2,768

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

4,680

5,850

Prepayments

-

462

4,680

6,312

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Tax

13,513

12,946

Social security and other taxes

55

VAT

9,000

4,686

Directors' current accounts

936

Accrued expenses

2,650

651

26,154

19,274

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

1

Ordinary

1

8.

RESERVES

Retained

earnings

£

At 1 February 2024

57,363

Profit for the year

52,464

Dividends

(37,000

)

At 31 January 2025

72,827