Exchange Axis Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06485676 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

EXCHANGE AXIS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J F Mattingley

R D Fuller

SECRETARY:

J F Mattingley

REGISTERED OFFICE:

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

REGISTERED NUMBER:

06485676 (England and Wales)

ACCOUNTANTS:

Lees Chartered Accountants

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

CURRENT ASSETS

Cash in hand

2

2

CREDITORS

Amounts falling due within one year

7,033

5,397

NET CURRENT LIABILITIES

(7,031

)

(5,395

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,031

)

(5,395

)

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

(7,033

)

(5,397

)

SHAREHOLDERS' FUNDS

(7,031

)

(5,395

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 July 2015 and were signed on its behalf by:

J F Mattingley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Intellectual property

The directors have spent considerable time developing the intellectual property within the company but as they have not

charged for this work there is no value shown in the balance sheet.

Going concern

The company is currently being funded by the directors/shareholders and it is anticipated that they will continue to do so for

the foreseeable future.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2

Ordinary

£1

2

2