Axis Architectural Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06071905 (England and Wales)

AXIS ARCHITECTURAL SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T M Jones

Mrs J E Jones

SECRETARY:

Mrs J E Jones

REGISTERED OFFICE:

Riverdale

Severn Lane

Welshpool

Powys

SY21 7BB

REGISTERED NUMBER:

06071905 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,412

2,423

CURRENT ASSETS

Debtors

5

25,873

26,448

Cash at bank

40,977

31,629

66,850

58,077

CREDITORS

Amounts falling due within one year

6

14,485

13,996

NET CURRENT ASSETS

52,365

44,081

TOTAL ASSETS LESS CURRENT LIABILITIES

55,777

46,504

PROVISIONS FOR LIABILITIES

648

460

NET ASSETS

55,129

46,044

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

54,129

45,044

55,129

46,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 16 December 2019 and were signed on its behalf by:

Mr T M Jones - Director

1.	STATUTORY INFORMATION

Axis Architectural 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

5,901

Additions

1,879

At 31 March 2019

7,780

DEPRECIATION

At 1 April 2018

3,478

Charge for year

890

At 31 March 2019

4,368

NET BOOK VALUE

At 31 March 2019

3,412

At 31 March 2018

2,423

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

25,873

26,448

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

2,275

1,356

Taxation and social security

6,635

7,047

Other creditors

5,575

5,593

14,485

13,996