REGISTERED NUMBER: 06929039 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Incendia Payment Solutions Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

I Williams

J Smith

SECRETARY:

I Williams

REGISTERED OFFICE:

Castle Chambers

Suite 8, 3rd Floor

43 Castle Street

Liverpool

Merseyside

L2 9SH

REGISTERED NUMBER:

06929039 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

-

Investments

6

1

1

1

1

CURRENT ASSETS

Debtors

7

23,766

198,654

Cash at bank

4,602

811

28,368

199,465

CREDITORS

Amounts falling due within one year

8

328,628

549,862

NET CURRENT LIABILITIES

(300,260

)

(350,397

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(300,259

)

(350,396

)

CAPITAL AND RESERVES

Called up share capital

400,000

400,000

Retained earnings

(700,259

)

(750,396

)

SHAREHOLDERS' FUNDS

(300,259

)

(350,396

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

I Williams - Director

1.	STATUTORY INFORMATION

Incendia Payment Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of seven years.

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

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

The financial statements to 31 December 2024 show a shareholder's deficit of £700,259 (2023: £750,396).

The directors have considered the future profitability of the company and its ability to continue as a going concern and have prepared profit and cash flow forecasts into the future.

Based on projections the directors are satisfied that, for the foreseeable future, the company can meet its projected working capital requirement.

Consequently the financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

115,000

AMORTISATION

At 1 January 2024

and 31 December 2024

115,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

8,849

DEPRECIATION

At 1 January 2024

and 31 December 2024

8,849

NET BOOK VALUE

At 31 December 2024

-

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

61

561

Amounts owed by participating interests

19,798

28,920

Other debtors

3,907

169,173

23,766

198,654

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

53,068

42,142

Amounts owed to group undertakings

99,950

125,093

Amounts owed to participating interests

25,618

100,717

Taxation and social security

1,928

21,061

Other creditors

148,064

260,849

328,628

549,862

9.	RELATED PARTY DISCLOSURES

The company is 100% owned by Incendia Group Limited, a company in which I Williams has a material interest in.

An amount of £99,950 (2023: £125,093) is due to Incendia Group Limited at the year end.

An amount of £nil (2023: £37,500) is due from the directors at the year end.

The company owns 100% of the issued share capital of Incendia Professional Services Limited, a company in which Ian Williams is director.

There were amounts due to the subsidiary at the period end of £25,618 (2023: £100,717).

An amount of £19,798 (2023: £28,920) is due to the company from Incendia Card Solutions Limited, a company owed by Incendia Group Limited