ACAX LIMITED

ACAX LIMITED

ACAX LIMITED - Company Information

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1 April 2021 false No description of principal activity Taxfiler 2022.11.1 04454136business:PrivateLimitedCompanyLtd2021-04-012022-03-31 044541362021-03-31 044541362021-04-012022-03-31 04454136business:AuditExempt-NoAccountantsReport2021-04-012022-03-31 04454136business:FullAccounts2021-04-012022-03-31 044541362022-03-31 04454136business:Director12021-04-012022-03-31 04454136business:RegisteredOffice2021-04-012022-03-31 044541362021-03-31 04454136core:WithinOneYear2022-03-31 04454136core:WithinOneYear2021-03-31 04454136core:AfterOneYear2022-03-31 04454136core:AfterOneYear2021-03-31 04454136core:ShareCapital2022-03-31 04454136core:ShareCapital2021-03-31 04454136core:RetainedEarningsAccumulatedLosses2022-03-31 04454136core:RetainedEarningsAccumulatedLosses2021-03-31 04454136business:SmallEntities2021-04-012022-03-31 04454136countries:EnglandWales2021-04-012022-03-31 04454136core:MotorVehicles2021-04-012022-03-31 04454136core:ComputerEquipment2021-04-012022-03-31 04454136core:Goodwill2021-03-31 04454136core:Goodwill2022-03-31 04454136core:ComputerEquipment2021-03-31 04454136core:ComputerEquipment2022-03-31 044541362020-04-012021-03-31 iso4217:GBP xbrli:pure
Company Registration No. 04454136 (England and Wales)
ACAX LIMITED Unaudited accounts for the year ended 31 March 2022
ACAX LIMITED Unaudited accounts Contents
Page
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ACAX LIMITED Company Information for the year ended 31 March 2022
Director
K D Hall
Company Number
04454136 (England and Wales)
Registered Office
30 Bulwick Avenue Grimsby DN33 3BH
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ACAX LIMITED Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
1,565 
621 
Current assets
Debtors
6
71,978 
10,085 
Cash at bank and in hand
19,645 
66,133 
91,623 
76,218 
Creditors: amounts falling due within one year
7
(28,835)
(10,657)
Net current assets
62,788 
65,561 
Total assets less current liabilities
64,353 
66,182 
Creditors: amounts falling due after more than one year
8
(18,314)
(26,805)
Net assets
46,039 
39,377 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
46,038 
39,376 
Shareholders' funds
46,039 
39,377 
For the year ending 31 March 2022 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 director acknowledges his 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 and authorised for issue on 27 December 2022 and were signed on its behalf by
K D Hall Director Company Registration No. 04454136
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ACAX LIMITED Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
ACAX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04454136. The registered office is 30 Bulwick Avenue, Grimsby, DN33 3BH.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2021
70,500 
At 31 March 2022
70,500 
Amortisation
At 1 April 2021
70,500 
At 31 March 2022
70,500 
Net book value
At 31 March 2022
- 
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ACAX LIMITED Notes to the Accounts for the year ended 31 March 2022
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2021
2,446 
Additions
1,172 
At 31 March 2022
3,618 
Depreciation
At 1 April 2021
1,825 
Charge for the year
228 
At 31 March 2022
2,053 
Net book value
At 31 March 2022
1,565 
At 31 March 2021
621 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,578 
10,085 
Other debtors
67,400 
- 
71,978 
10,085 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
5,686 
3,195 
Taxes and social security
8,155 
6,951 
Other creditors
288 
280 
Loans from directors
14,706 
231 
28,835 
10,657 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
18,314 
26,805 
9
Transactions with related parties
Other debtors include an amount due from RXG Ltd of £67,400 (2021 - £Nil), a company controlled by K D Hall. There are no terms for repayment.
10
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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