Axel Limited
Axel Limited
Registered number: 02685201
Unaudited Financial Statements
For The Year Ended 31 December 2017
R&R Accounting & Taxation Services Ltd
Chandler House
85 Springfield Road
Chelmsford
Essex
CM2 6JL
Axel Limited
Unaudited Financial Statements
For The Year Ended 31 December 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Axel Limited
Balance Sheet
As at
31 December 2017
Balance Sheet
Registered number:
02685201
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Revaluation reserve | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (92,620) | (74,689) | |||
Page 1
Axel Limited
Balance Sheet (continued)
As at
31 December 2017
Directors' responsibilities:
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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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Axel Limited
Notes to the Financial Statements
For The Year Ended 31 December 2017
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Motor Boat |
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1.3.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Tangible Assets
| Motor Boat | |
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| £ | |
| Cost | |
| As at |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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3.
Debtors
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors |
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Page 3
Axel Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2017
4.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Other creditors |
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| Loan |
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| Shareholder's loan |
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| Accruals and deferred income |
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5.
Share Capital
| 2017 | 2016 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
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6.
Reserves
| Revaluation Reserve | |
|---|---|
| £ | |
| As at |
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| As at |
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7.
General Information
Axel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02685201 . The registered office is 3 The Shrubberies, George Lane, South Woodford, Essex, E18 1BG.
Page 4