Company Registration No. 10935798 (England and Wales)
Axis Workshops Limited
Unaudited accounts
for the year ended 31 August 2021
Axis Workshops Limited
Unaudited accounts
Contents
Axis Workshops Limited
Company Information
for the year ended 31 August 2021
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 2021
Cash at bank and in hand
71,534
130,642
Creditors: amounts falling due within one year
(80,595)
(44,134)
Net current assets
37,852
98,718
Called up share capital
8
7
Share premium
1,364,246
864,156
Profit and loss account
(1,326,158)
(765,445)
Shareholders' funds
38,096
98,718
For the year ending 31 August 2021 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 27 September 2021 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 2021
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.
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:
Fixtures & fittings
5 years Straight Line
Computer equipment
5 years Straight Line
Axis Workshops Limited
Notes to the Accounts
for the year ended 31 August 2021
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 August 2021
103
158
261
Charge for the year
9
8
17
At 31 August 2021
94
150
244
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
10,324
4,373
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
36,613
17,232
Deferred income
43,982
26,854
7
Operating lease commitments
2021
2020
At 31 August 2021 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
10,761
5,746
Within two to five years
10,133
6,855
8
Average number of employees
During the year the average number of employees was 11 (2020: 5).
