Company Registration No. 10935798 (England and Wales)
Axis Workshops Limited
Unaudited accounts
for the year ended 31 August 2020
Axis Workshops Limited
Unaudited accounts
Contents
Axis Workshops Limited
Company Information
for the year ended 31 August 2020
Directors
Ronald Paul Williams
Cornelia Ursula Wessels
Danny Draper
James Phillip Hall
Company Number
10935798 (England and Wales)
Registered Office
32 Woodland Hill
London
SE19 1NY
England
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Axis Workshops Limited
Statement of financial position
as at 31 August 2020
Cash at bank and in hand
130,642
21,696
Creditors: amounts falling due within one year
(44,134)
(35,365)
Net current assets
98,718
2,809
Called up share capital
7
5
Share premium
864,156
402,708
Profit and loss account
(765,445)
(399,904)
Shareholders' funds
98,718
2,809
For the year ending 31 August 2020 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2020 and were signed on its behalf by
Ronald Paul Williams
Director
Company Registration No. 10935798
Axis Workshops Limited
Notes to the Accounts
for the year ended 31 August 2020
Axis Workshops Limited is a private company, limited by shares, registered in England and Wales, registration number 10935798. The registered office is 32 Woodland Hill, London, SE19 1NY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, Axis Workshops Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Accrued income and prepayments
4,373
-
Axis Workshops Limited
Notes to the Accounts
for the year ended 31 August 2020
5
Creditors: amounts falling due within one year
2020
2019
Trade creditors
17,232
2,309
Loans from directors
-
21,000
Deferred income
26,854
11,273
6
Operating lease commitments
2020
2019
At 31 August 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
6,855
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
(21,000)
(16,600)
(37,600)
-
(21,000)
(16,600)
(37,600)
-
8
Average number of employees
During the year the average number of employees was 5 (2019: 5).
