Daxom Uk Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12089989 (England and Wales)

Financial Statements for the Period 6 July 2019 to 31 July 2020

for

Daxom Uk Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

P R Douglas

M S Douglas

U Koenig

REGISTERED OFFICE:

295 Yorktown Road

College Town

Sandhurst

United Kingdom

GU47 0QA

REGISTERED NUMBER:

12089989 (England and Wales)

ACCOUNTANTS:

Millward, May & Co

Suite 9 Market House

21 Market Place

Wokingham

Berkshire

RG40 1AP

FIXED ASSETS

Tangible assets

4

1,656

CURRENT ASSETS

Stocks

14,111

Debtors

5

55

Cash at bank

28,717

42,883

CREDITORS

Amounts falling due within one year

6

23,896

NET CURRENT ASSETS

18,987

TOTAL ASSETS LESS CURRENT LIABILITIES

20,643

PROVISIONS FOR LIABILITIES

315

NET ASSETS

20,328

CAPITAL AND RESERVES

Called up share capital

7

9

Retained earnings

20,319

SHAREHOLDERS' FUNDS

20,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2020 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 26 August 2020 and were signed on its behalf by:

M S Douglas - Director

1.	STATUTORY INFORMATION

Daxom Uk 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.

Computer equipment - 3 year straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Taxation

Taxation for the period 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 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 period 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 period was NIL.

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

2,484

At 31 July 2020

2,484

DEPRECIATION

Eliminated on disposal

828

At 31 July 2020

828

NET BOOK VALUE

At 31 July 2020

1,656

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

55

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

371

Taxation and social security

12,616

Other creditors

10,909

23,896

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

900

Ordinary

£0.01

9

8.	RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the company owed the

directors £10,909. This loan is interest free, repayable on demand and shown within other creditors.