Company Registration No. 05834503 (England and Wales)
AXIOM FINANCIAL SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
AXIOM FINANCIAL SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
AXIOM FINANCIAL SERVICES LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
48,239
49,162
Current assets
Debtors
284,085
361,918
Cash at bank and in hand
57,864
13,642
341,949
375,560
Creditors: amounts falling due within one year
(121,692)
(139,079)
Net current assets
220,257
236,481
Total assets less current liabilities
268,496
285,643
Provisions for liabilities
(5,000)
(5,361)
263,496
280,282
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
263,494
280,280
Shareholders' funds
263,496
280,282
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 March 2017
Mr A J Jeffrey
Director
Company Registration No. 05834503
AXIOM FINANCIAL SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents net invoiced sales of goods and or services (excluding VAT).
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
Not Depreciated
Computer equipment
20% Straight Line
Fixtures, fittings & equipment
20% Straight Line
Other assets
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015 & at 30 June 2016
53,633
Depreciation
At 1 July 2015
4,471
Charge for the year
923
At 30 June 2016
5,394
Net book value
At 30 June 2016
48,239
At 30 June 2015
49,162
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2
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