Accounts filed on 31-03-2022

Accounts filed on 31-03-2022

AXTON LIMITED - Company Information

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Registered number: 04730219
Axton Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
Prepared By:
Victor Stewart
Axton Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
DIRECTORS
Nicholas Burman
SECRETARY
REGISTERED OFFICE
The White House
164 Bridge Road
Southampton
Hampshire
SO31 7EH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04730219
ACCOUNTANTS
Victor Stewart
Axton Limited
ACCOUNTS
FOR THEYEARENDED31/03/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Axton Limited
BALANCE SHEET AT 31/03/2022
20222021
Notes££
FIXED ASSETS
Tangible assets384,81585,086
CURRENT ASSETS
Debtors516,5216,588
Cash at bank and in hand57,93060,056
74,45166,644
CREDITORS: Amounts falling due within one year6142,826143,035
NET CURRENT LIABILITIES(68,375)(76,391)
TOTAL ASSETS LESS CURRENT LIABILITIES16,4408,695
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account16,4388,693
SHAREHOLDERS' FUNDS16,4408,695
For the year ending 31/03/2022 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/12/2022 and signed on their behalf by
.............................
Nicholas Burman
Director
Axton Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
2. EMPLOYEES
20222021
No.No.
Average number of employees11
Axton Limited
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/04/202118,31318,313
At 31/03/202218,31318,313
Depreciation
At 01/04/202117,22717,227
For the year271271
At 31/03/202217,49817,498
Net Book Amounts
At 31/03/2022815815
At 31/03/20211,0861,086
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/04/202184,00084,000
At 31/03/202284,00084,000
5. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors16,0004,800
Corporation tax-237
Prepayments5211,551
16,5216,588
Axton Limited
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
Directors current account19,06818,513
Trade creditors-765
Other creditors123,250123,250
Accruals508507
142,826143,035
7. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
1 Non voting A shares of £1 each11
22