REGISTERED NUMBER: 02311866 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2025

for

Axon Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms J Allen

K Ashley

A K Allen

REGISTERED OFFICE:

Church Court

Stourbridge Road

Halesowen

West Midlands

B63 3TT

REGISTERED NUMBER:

02311866 (England and Wales)

ACCOUNTANTS:

DJH Halesowen Limited

Church Court

Stourbridge Road

Halesowen

West Midlands

B63 3TT

FIXED ASSETS

Tangible assets

4

26,306

39,759

CURRENT ASSETS

Stocks

945,829

1,044,785

Debtors

5

3,991,002

3,833,779

Cash at bank and in hand

269,027

195,257

5,205,858

5,073,821

CREDITORS

Amounts falling due within one year

6

2,281,338

2,348,547

NET CURRENT ASSETS

2,924,520

2,725,274

TOTAL ASSETS LESS CURRENT LIABILITIES

2,950,826

2,765,033

CREDITORS

Amounts falling due after more than one year

7

(4,167

)

(29,165

)

PROVISIONS FOR LIABILITIES

(52,633

)

(54,198

)

NET ASSETS

2,894,026

2,681,670

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

2,844,026

2,631,670

SHAREHOLDERS' FUNDS

2,894,026

2,681,670

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 26 November 2025 and were signed on its behalf by:

Ms J Allen - Director

1.	STATUTORY INFORMATION

Axon Enterprises 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.

Improvements to property

-

over the lease term

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Stocks

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

Cost is computed on a first in first out basis. Net realisable value is based on estimated selling price less the estimated cost of disposal.

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

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 14 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

52,293

29,551

30,919

46,620

159,383

DEPRECIATION

At 1 April 2024

52,293

29,551

26,125

11,655

119,624

Charge for year

-

-

1,798

11,655

13,453

At 31 March 2025

52,293

29,551

27,923

23,310

133,077

NET BOOK VALUE

At 31 March 2025

-

-

2,996

23,310

26,306

At 31 March 2024

-

-

4,794

34,965

39,759

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

1,320,970

1,218,549

Amounts owed by group undertakings

107,490

-

Other debtors

763,281

796,685

Prepayments and accrued income

7,010

26,294

2,198,751

2,041,528

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,792,251

1,792,251

Aggregate amounts

3,991,002

3,833,779

Included in debtors is £738,281 (2024 - £796,685) due from ABN Amro Asset Bank Finance N.V.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

14,998

14,998

Trade creditors

1,880,781

1,804,295

Amounts owed to group undertakings

-

150,591

Tax

124,121

170,609

Social security and other taxes

116,721

149,700

Other creditors

3,657

4,637

Accrued expenses

131,060

43,717

2,281,338

2,348,547

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

4,167

14,167

Hire purchase contracts

-

14,998

4,167

29,165

8.	SECURED DEBTS

The company has given a fixed and floating charge over its assets in favour of ABN Amro Asset Bank Finance N.V.

9.	OTHER FINANCIAL COMMITMENTS

At 31 March 2025 the company had operating lease commitments of £47,463 (2024 - £47,463).

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company of Axon Enterprises Limited is PSD Holdings Limited. The ultimate parent company is JAK Hereford Limited, a company with a registered office address of Church Court, Stourbridge Road, Halesowen, West Midlands B63 3TT.