Company Registration No. 04910407 (England and Wales)
Axis Graphic Design Limited
Unaudited accounts
for the year ended 30 September 2021
Axis Graphic Design Limited
Unaudited accounts
Contents
Axis Graphic Design Limited
Company Information
for the year ended 30 September 2021
Directors
A J Ward
Ms L J Dunn
Company Number
04910407 (England and Wales)
Registered Office
9 Silverdale Road
Chorlton-cum-Hardy
Manchester
M21 0SH
Accountants
Hugh Cairns Accountant Limited
11 Beechwood Court
Holme Road
Manchester
M20 2UA
Axis Graphic Design Limited
Accountants' report
Accountants' report to the board of directors of Axis Graphic Design Limited on the preparation of the unaudited statutory accounts for the year ended 30 September 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Axis Graphic Design Limited for the year ended
30 September 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Axis Graphic Design Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Axis Graphic Design Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Axis Graphic Design Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Axis Graphic Design Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Axis Graphic Design Limited. You consider that Axis Graphic Design Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Axis Graphic Design Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Hugh Cairns Accountant Limited
11 Beechwood Court
Holme Road
Manchester
M20 2UA
20 January 2022
Axis Graphic Design Limited
Statement of financial position
as at
30 September 2021
Tangible assets
1,279
1,707
Cash at bank and in hand
41,572
48,929
Creditors: amounts falling due within one year
(43,665)
(50,738)
Net current assets
985
8,768
Called up share capital
200
200
Profit and loss account
2,064
10,275
Shareholders' funds
2,264
10,475
For the year ending 30 September 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 4 February 2022 and were signed on its behalf by
A J Ward
Director
Company Registration No. 04910407
Axis Graphic Design Limited
Notes to the Accounts
for the year ended 30 September 2021
Axis Graphic Design Limited is a private company, limited by shares, registered in England and Wales, registration number 04910407. The registered office is 9 Silverdale Road, Chorlton-cum-Hardy, Manchester, M21 0SH.
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.
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:
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Axis Graphic Design Limited
Notes to the Accounts
for the year ended 30 September 2021
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 30 September 2021
53,981
At 30 September 2021
52,702
At 30 September 2021
1,279
At 30 September 2020
1,707
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
2,128
9,634
Accrued income and prepayments
950
943
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
(1,006)
(1,006)
Loans from directors
43,711
42,779
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).