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REGISTERED NUMBER: 07696930 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

FOR

AX BUSINESS SYSTEMS LTD

AX BUSINESS SYSTEMS LTD (REGISTERED NUMBER: 07696930)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

AX BUSINESS SYSTEMS LTD (REGISTERED NUMBER: 07696930)

ABBREVIATED BALANCE SHEET
31 JULY 2016

31.7.16 31.7.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 7,086 2,080
Investments 3 1 1
7,087 2,081

CURRENT ASSETS
Debtors 190,105 206,878
Cash at bank 787 27,706
190,892 234,584
CREDITORS
Amounts falling due within one year 190,297 174,021
NET CURRENT ASSETS 595 60,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,682

62,644

CREDITORS
Amounts falling due after more than one
year

-

61,111
NET ASSETS 7,682 1,533

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 7,680 1,531
SHAREHOLDERS' FUNDS 7,682 1,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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.

AX BUSINESS SYSTEMS LTD (REGISTERED NUMBER: 07696930)

ABBREVIATED BALANCE SHEET - continued
31 JULY 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 6 March 2017 and were signed on its behalf
by:





R D J Lawrence - Director


AX BUSINESS SYSTEMS LTD (REGISTERED NUMBER: 07696930)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with
the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service
contracts where turnover is recognised when the company obtains the right to consideration.

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

Plant and machinery etc - 33% on cost and 25% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over
the period of the lease.

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 the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015 3,534
Additions 7,532
At 31 July 2016 11,066
DEPRECIATION
At 1 August 2015 1,454
Charge for year 2,526
At 31 July 2016 3,980
NET BOOK VALUE
At 31 July 2016 7,086
At 31 July 2015 2,080

AX BUSINESS SYSTEMS LTD (REGISTERED NUMBER: 07696930)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JULY 2016


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 August 2015
and 31 July 2016 1
NET BOOK VALUE
At 31 July 2016 1
At 31 July 2015 1

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.16 31.7.15
value: £    £   
2 ordinary 1 2 2

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2016 and
31 July 2015:

31.7.16 31.7.15
£    £   
R D J Lawrence
Balance outstanding at start of year - -
Amounts advanced 3,155 -
Amounts repaid - -
Balance outstanding at end of year 3,155 -

Mrs M J Wynn - Lawrence
Balance outstanding at start of year - -
Amounts advanced 2,128 -
Amounts repaid - -
Balance outstanding at end of year 2,128 -