Axis Architectural Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06071905 (England and Wales)

AXIS ARCHITECTURAL SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T M Jones

Mrs J E Jones

SECRETARY:

Mrs J E Jones

REGISTERED OFFICE:

Riverdale

Severn Lane

Welshpool

Powys

SY21 7BB

REGISTERED NUMBER:

06071905 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,423

2,419

CURRENT ASSETS

Debtors

5

26,448

22,226

Cash at bank

31,629

36,304

58,077

58,530

CREDITORS

Amounts falling due within one year

6

13,996

16,492

NET CURRENT ASSETS

44,081

42,038

TOTAL ASSETS LESS CURRENT LIABILITIES

46,504

44,457

PROVISIONS FOR LIABILITIES

460

484

NET ASSETS

46,044

43,973

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

45,044

42,973

46,044

43,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 27 December 2018 and were signed on its behalf by:

Mr T M Jones - Director

1.	STATUTORY INFORMATION

Axis Architectural Services Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

5,251

Additions

650

At 31 March 2018

5,901

DEPRECIATION

At 1 April 2017

2,832

Charge for year

646

At 31 March 2018

3,478

NET BOOK VALUE

At 31 March 2018

2,423

At 31 March 2017

2,419

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

26,448

22,226

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,356

1,971

Taxation and social security

7,047

8,811

Other creditors

5,593

5,710

13,996

16,492