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Company Registration No. 06842343 (England and Wales)
FAXON CONSULTING LTD Unaudited accounts for the year ended 31 March 2025
FAXON CONSULTING LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
FAXON CONSULTING LTD Company Information for the year ended 31 March 2025
Director
Kehinde Fakolujo
Company Number
06842343 (England and Wales)
Registered Office
85 Great Portland Street London W1W 7LT
Accountants
Faxon Consulting Ltd 85 Great Portland Street London W1W 7LT
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FAXON CONSULTING LTD Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
84,990 
62,118 
Current assets
Inventories
5,000 
- 
Debtors
5
74,417 
6,733 
Cash at bank and in hand
30,810 
13,505 
110,227 
20,238 
Creditors: amounts falling due within one year
6
(19,120)
(23,745)
Net current assets/(liabilities)
91,107 
(3,507)
Total assets less current liabilities
176,097 
58,611 
Creditors: amounts falling due after more than one year
7
(26,960)
(33,658)
Net assets
149,137 
24,953 
Capital and reserves
Called up share capital
8
132,419 
52,419 
Profit and loss account
16,718 
(27,466)
Shareholders' funds
149,137 
24,953 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 November 2025 and were signed on its behalf by
Kehinde Fakolujo Director Company Registration No. 06842343
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FAXON CONSULTING LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
FAXON CONSULTING LTD is a private company, limited by shares, registered in England and Wales, registration number 06842343. The registered office is 85 Great Portland Street, London, W1W 7LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% reducing balance basis
Plant & machinery
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Other tangible fixed assets
25% reducing balance basis
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
59,208 
7,542 
15,508 
82,258 
Additions
19,458 
252 
3,162 
22,872 
At 31 March 2025
78,666 
7,794 
18,670 
105,130 
Depreciation
At 1 April 2024
5,485 
- 
14,655 
20,140 
At 31 March 2025
5,485 
- 
14,655 
20,140 
Net book value
At 31 March 2025
73,181 
7,794 
4,015 
84,990 
At 31 March 2024
53,723 
7,542 
853 
62,118 
- 5 -
FAXON CONSULTING LTD Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
598 
Trade debtors
74,417 
6,135 
74,417 
6,733 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
2,038 
- 
Taxes and social security
(1,994)
1,898 
Other creditors
(3,968)
- 
Loans from directors
23,044 
21,847 
19,120 
23,745 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
26,960 
33,658 
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
132,419 Ordinary shares of £1 each
132,419 
52,419 
- of £- each
- 
- 
132,419 
52,419 
Shares issued during the period:
80,000 Ordinary shares of £1 each
80,000 
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -