AXON_TRADING_SOLUTIONS_LI - Accounts

AXON TRADING SOLUTIONS LIMITED - Company Information

Print Friendly Version

Company Registration No. 06622418 (England and Wales)

AXON TRADING SOLUTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

AXON TRADING SOLUTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AXON TRADING SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

17,026

34,184

Current assets

Debtors

31,902

7,676

Cash at bank and in hand

60,832

225,083

92,734

232,759

Creditors: amounts falling due within one year

(4,502)

(30,443)

Net current assets

88,232

202,316

Total assets less current liabilities

105,258

236,500

Capital and reserves

Called up share capital

1,819,366

1,759,366

Profit and loss account

(1,714,108)

(1,522,866)

Shareholders' funds

105,258

236,500

For the financial year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2014

N B Deacon

Director

Company Registration No. 06622418

AXON TRADING SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

Computer equipment

33% Straight line

Fixed assets

Tangible assets

Cost

At 1 December 2013 & at 30 November 2014

172,404

Depreciation

At 1 December 2013

138,220

Charge for the year

17,158

At 30 November 2014

155,378

Net book value

At 30 November 2014

17,026

At 30 November 2013

34,184

Share capital

2014

2013

Allotted, called up and fully paid

1,819,366 Ordinary Shares of £1 each

1,819,366

1,759,366

On 27 November 2014, 60,000 Ordinary shares of £1 each were issued.

AXON TRADING SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 3 -

Ultimate parent company

The ultimate parent company is Axon Trading Solutions Holdings Limited, a company registered in England and Wales. There is no individual controlling party.