Axicon Services Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 01426471 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Axicon Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M C Hicks

M Morrison

Mrs S Hicks

SECRETARY:

Mrs L Williams

REGISTERED OFFICE:

Church Road

Weston on the Green

Bicester

Oxfordshire

OX25 3QP

REGISTERED NUMBER:

01426471 (England and Wales)

ACCOUNTANTS:

Behegan Lynes

Accountancy & Taxation Advisers

Bank Chambers

Brook Street

Bishops Waltham

Hampshire

SO32 1AX

FIXED ASSETS

Tangible assets

4

546,362

546,514

CURRENT ASSETS

Debtors

5

1,411

163

Cash at bank

17,759

12,109

19,170

12,272

CREDITORS

Amounts falling due within one year

6

573,083

571,633

NET CURRENT LIABILITIES

(553,913

)

(559,361

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,551

)

(12,847

)

CAPITAL AND RESERVES

Called up share capital

7

100,000

100,000

Retained earnings

(107,551

)

(112,847

)

SHAREHOLDERS' FUNDS

(7,551

)

(12,847

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 17 January 2024 and were signed on its behalf by:

M Morrison - Director

M C Hicks - Director

1.	STATUTORY INFORMATION

Axicon Services Limited 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.

The accounts have been prepared on a going concern basis due to the support of Axicon Auto ID Ltd, a company ultimately owned and controlled by two of the directors of this company. The company meets its day-to-day working capital requirements through this support and the directors expect this to continue for at least one year from the date of signing these financial statements.

If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise, and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price.

Employee benefits

Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Leasehold

Fixtures

property

improvements

& fittings

Totals

£

£

£

£

COST

At 1 May 2022

and 30 April 2023

544,518

1,540

608

546,666

DEPRECIATION

At 1 May 2022

-

-

152

152

Charge for year

-

-

152

152

At 30 April 2023

-

-

304

304

NET BOOK VALUE

At 30 April 2023

544,518

1,540

304

546,362

At 30 April 2022

544,518

1,540

456

546,514

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Other debtors

1,411

163

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade creditors

644

326

Taxation and social security

1,278

760

Other creditors

571,161

570,547

573,083

571,633

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.23

30.4.22

value:

£

£

100,000

Ordinary

£1

100,000

100,000

8.	ULTIMATE CONTROLLING PARTY

The company is ultimately owned and controlled by M C Hicks and his immediate family.