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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 January 2018 to 30 September 2018 |
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for |
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5 Axis LTD |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 January 2018 to 30 September 2018 |
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for |
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5 Axis LTD |
5 Axis LTD (Registered number: 04882814) |
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Contents of the Financial Statements |
for the Period 1 January 2018 to 30 September 2018 |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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5 Axis LTD (Registered number: 04882814) |
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Balance Sheet |
30 September 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
5 Axis LTD (Registered number: 04882814) |
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Balance Sheet - continued |
30 September 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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5 Axis LTD (Registered number: 04882814) |
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Notes to the Financial Statements |
for the Period 1 January 2018 to 30 September 2018 |
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1. | STATUTORY INFORMATION |
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5 Axis LTD is a
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number and registered office address are as below: |
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Registered number: | 04882814 |
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Registered office: | Unit 3 |
Thornsett Trading Estate |
Birch Vale |
High Peak |
Derbyshire |
SK22 1AH |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised |
as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover |
also includes the element of work completed but not yet invoiced on service contracts. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, |
except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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5 Axis LTD (Registered number: 04882814) |
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Notes to the Financial Statements - continued |
for the Period 1 January 2018 to 30 September 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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 period end and that are expected to apply to the |
reversal of the timing difference. |
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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. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital |
element of the future payments is treated as a liability. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Computer |
software |
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COST |
Reclassification/transfer |
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At 30 September 2018 |
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AMORTISATION |
Amortisation for period |
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Reclassification/transfer |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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5 Axis LTD (Registered number: 04882814) |
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Notes to the Financial Statements - continued |
for the Period 1 January 2018 to 30 September 2018 |
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5. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2018 |
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Additions |
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Disposals | ( |
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Reclassification/transfer |
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At 30 September 2018 |
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DEPRECIATION |
At 1 January 2018 |
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Charge for period |
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Eliminated on disposal | ( |
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Reclassification/transfer |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 31 December 2017 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
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COST |
Reclassification/transfer |
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At 30 September 2018 |
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DEPRECIATION |
Charge for period |
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Reclassification/transfer |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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5 Axis LTD (Registered number: 04882814) |
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Notes to the Financial Statements - continued |
for the Period 1 January 2018 to 30 September 2018 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Hire purchase contracts | 2,214 | - |
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10. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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At the current period end, the amount of £73,285 (31/12/2017: £85,577) is owed to Mr W J Broadhurst. This |
balance is included within other creditors over one year. |
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The balance owed to Mr Broadhurst is contingent on the future expenditure on the Jobs Jomach machine and |
the rental charges on one half of the unit still occupied. |
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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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