Company No: 14012088 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Ross Alec Jackson
	Thomas Phillip Jackson

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

14012088 (England and Wales)

	Note	30.06.2024		30.06.2023
		£		£
Fixed assets
Tangible assets	3	1,389		1,473
		1,389		1,473
Current assets
Debtors	4	19,967		2,325
Cash at bank and in hand		1,394		4,532
		21,361		6,857
Creditors: amounts falling due within one year	5	( 20,786)		( 103,737)
Net current assets/(liabilities)		575		(96,880)
Total assets less current liabilities		1,964		(95,407)
Net assets/(liabilities)		1,964		( 95,407)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		1,864		( 95,507 )
Total shareholder's funds/(deficit)		1,964		( 95,407)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Thomax Technology UK Limited (registered number: 14012088) were approved and authorised for issue by the Board of Directors on 03 April 2025. They were signed on its behalf by:

Thomas Phillip Jackson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Thomax Technology UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net assets of £1,964. The company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment

2 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price.

2. Employees

	Year ended 30.06.2024		Period from 30.03.2022 to 30.06.2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	3		3

3. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 July 2023	2,540		2,540
Additions	1,392		1,392
At 30 June 2024	3,932		3,932
Accumulated depreciation
At 01 July 2023	1,067		1,067
Charge for the financial year	1,476		1,476
At 30 June 2024	2,543		2,543
Net book value
At 30 June 2024	1,389		1,389
At 30 June 2023	1,473		1,473

4. Debtors

	30.06.2024		30.06.2023
	£		£
Amounts owed by group undertakings (note 6)	13,841		0
Other debtors	6,126		2,325
	19,967		2,325

5. Creditors: amounts falling due within one year

	30.06.2024		30.06.2023
	£		£
Amounts owed to group undertakings (note 6)	0		91,487
Taxation and social security	4,681		2,542
Other creditors	16,105		9,708
	20,786		103,737

6. Related party transactions

Transactions with owners holding a participating interest in the entity

	30.06.2024		30.06.2023
	£		£
Thomax Technology Pty Ltd	(13,841)		91,487

At 1 January 2024 the amount due to the company's ultimate parent, Thomax Technology Pty Ltd was £91,487. At 31 December 2024, the amount due from Thomax Technology Pty Ltd was £13,841.

7. Ultimate controlling party

Parent Company:

Thomax International Pty Ltd

Sydney 2000 New South Wales Australia

The ultimate controlling party is Thomax Technology Pty Limited, a company incorporated in Australia. These financial statements are included in the group accounts of this company.