Company Registration No. SC293281 (Scotland)
Axis Equities Limited
Unaudited accounts
for the year ended 31 May 2017
Axis Equities Limited
Unaudited accounts
Contents
Axis Equities Limited
Company Information
for the year ended 31 May 2017
Director
Mr Marcus S Rennie
Company Number
SC293281 (Scotland)
Registered Office
Suit 2.5
94 Hope Street
Glasgow
G2 6PH
UK
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
Axis Equities Limited
Statement of financial position
as at
31 May 2017
Cash at bank and in hand
1,407
634
Creditors: amounts falling due within one year
(160)
(150)
Net current assets
5,752
6,032
Called up share capital
100
100
Profit and loss account
5,652
5,932
Shareholders' funds
5,752
6,032
For the year ending 31 May 2017 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 director acknowledges his 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.
Approved by the Board on 7 February 2018.
Mr Marcus S Rennie
Director
Company Registration No. SC293281
Axis Equities Limited
Notes to the Accounts
for the year ended 31 May 2017
Axis Equities Limited is a private company, limited by shares, registered in Scotland, registration number SC293281. The registered office is Suit 2.5, 94 Hope Street, Glasgow, G2 6PH, UK.
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.
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Other debtors
4,505
5,548
5
Creditors: amounts falling due within one year
2017
2016
6
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 0 (2016: 0).