REGISTERED NUMBER: 03998042 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

AXIS INSURANCE SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P A Patel

A J Christmas

SECRETARY:

Mrs B P Patel

REGISTERED OFFICE:

279 Kingston Road

Wimbledon

SW20 8LB

REGISTERED NUMBER:

03998042 (England and Wales)

ACCOUNTANTS:

Owadally & King

Chartered Certified Accountants

73 Park Lane

Croydon

Surrey

CR0 1JG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

17,079

18,329

17,079

18,329

CURRENT ASSETS

Debtors

6

102,422

87,000

Cash at bank

90,136

44,977

192,558

131,977

CREDITORS

Amounts falling due within one year

7

15,641

7,921

NET CURRENT ASSETS

176,917

124,056

TOTAL ASSETS LESS CURRENT LIABILITIES

193,996

142,385

CREDITORS

Amounts falling due after more than one year

8

26,388

31,133

NET ASSETS

167,608

111,252

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

167,508

111,152

167,608

111,252

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 April 2026 and were signed on its behalf by:

A J Christmas - Director

1.	STATUTORY INFORMATION

Axis Insurance Services Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Franchise - Straight line over 5 years

Equipment, Fixtures & Fittings - 15% 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

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 estimated useful lives or the lease term, whichever is the shorter.

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

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

8,000

AMORTISATION

At 1 August 2024

and 31 July 2025

8,000

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Equipment,

Leasehold

Fixtures

Franchise

Improvement

& Fittings

Totals

£

£

£

£

COST

At 1 August 2024

and 31 July 2025

3,000

10,000

104,966

117,966

DEPRECIATION

At 1 August 2024

3,000

-

96,637

99,637

Charge for year

-

-

1,250

1,250

At 31 July 2025

3,000

-

97,887

100,887

NET BOOK VALUE

At 31 July 2025

-

10,000

7,079

17,079

At 31 July 2024

-

10,000

8,329

18,329

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

Equipment,

Fixtures

& Fittings

£

COST

At 1 August 2024

and 31 July 2025

13,704

DEPRECIATION

At 1 August 2024

12,047

Charge for year

249

At 31 July 2025

12,296

NET BOOK VALUE

At 31 July 2025

1,408

At 31 July 2024

1,657

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

24,821

12,000

Other debtors

77,601

75,000

102,422

87,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,746

4,442

Taxation and social security

8,477

471

Other creditors

2,418

3,008

15,641

7,921

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

26,388

31,133

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,357

10,321

9.	RELATED PARTY DISCLOSURES

During the period, the company paid rent to Mr P A and Mrs B P Patel for office premises.

The amount paid during the period under review amounted to £18,000 (2024 £18,000)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Tony Christmas.